Sure, there’s more information available than ever before, but extracting the best insights for your company to take action at the right time is no mean feat.
This is especially true when companies disregard the power of structure, communication, and collaboration. At the center of meaningful business insights are sound processes that enable communication and collaboration among data engineering teams, business leaders, and data scientists. This is the “golden triangle” your company can focus on to derive value.
Let’s quickly step back. If your finger is on the pulse of current business trends, predictive analytics, machine learning, and artificial intelligence are all terms you routinely hear. This is for a good reason: Each of these concepts delivers unprecedented amounts of information you could use to improve your business’s operations. All this hype has business leaders itching to join the action, but many still struggle to successfully derive value from the data today’s technology makes available. In fact, according to a recent New Vantage Partners study, only 37 percent of business leaders feel they’ve been successful with this.