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In the dynamic business landscape, strategic decision-making is the compass guiding organizations toward success. At the heart of this process lies data, the invaluable asset that fuels analytics and shapes the trajectory of strategic initiatives. However, the accuracy and reliability of data are the linchpins that determine the efficacy of these decisions. From this perspective, […]
Despite the continuous hype around data analytics and the rapid acceleration of data technologies such as machine learning (ML) and artificial intelligence (AI), most companies are lagging behind with low data capabilities and no in-house data team in place. These companies have their data either fully unleveraged or marginally analyzed by executives on the […]
You’ve probably heard tech buzzwords like data-driven decision making, advanced analytics, “artificial intelligence (AI), and so on. The similarity between those terms is that they all require data. There is a famous quote in the computer science field — “garbage in, garbage out” — and it is a wonderful example of how poor data leads […]
One of the most common challenges faced by professionals in working with key performance indicators (KPIs) relates to data. They grapple with collecting and analyzing data to establish targets accurately, as indicated by 42% of respondents in The KPI Institute’s State of Strategy Management Practice 2023 Report. This is particularly important as the collected data is […]
A: Bridging the gap between data teams and non-technical stakeholders should be a multi-way effort. From the technical side, data analysts first have to be aware of business needs and then adopt communication best practices. Insights should be delivered in the plain language of stakeholders, eliminating technical jargon and providing business context. Data storytelling techniques […]
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