Exploring digital product engineering: Phases, challenges, and emerging trends
Digital product engineering involves researching, analyzing, designing, developing, testing, supporting, and optimizing products throughout their lifecycle to ensure that concepts are transformed into viable user-friendly products. Without such a process, companies might struggle to design, develop, and refine their offerings effectively, reducing competitiveness. The absence of digital product engineering could significantly impede the ability to […]
Introduction to Metaverse: Exploring the next frontier of virtual experience
Ever since Facebook rebranded itself to Meta in October 2021, the concept of Metaverse has become the talk of the town around the world. Facebook is not the only player that has entered the Metaverse realm. A growing number of influential organizations, including Microsoft, Walmart, and Nike, have started exploring the Metaverse technology as well. […]
Data Lake vs Data warehouse: 6 key differences you need to know
Big data is rapidly becoming a driving force behind the global economy. At present, a whopping 2.5 quintillion bytes of data is being produced daily and the sheer volume is still expected to grow. As a result, organizations are faced with the challenge of effectively managing and leveraging the vast and diverse pool of data generated daily. Two […]
Why is data visualisation important? Exploring best practices for effective communication
Data serves as the foundation for critical decision-making, but it’s true value can only be realized through effective data analysis. When it comes to interpreting data effortlessly, there’s no better approach than taking advantage of the power of data visualisation. It empowers organizations to navigate the overwhelming abundance of information, transforming it into actionable intelligence. […]
The impact of AI on enterprise data management: Challenges & opportunities
Artificial intelligence (AI) is becoming increasingly important for businesses across various industries. According to reports, 44% of private-sector companies plan to invest in AI in 2023. One of AI’s greatest advantages is its ability to efficiently process large amounts of data, allowing companies to make better-informed decisions and facilitating enterprise data management at scale. Data […]
Leveraging big data for better business decisions: Best practices for enterprise AI
Organizations today are increasingly relying on data-driven insights to make informed decisions that lead to successful outcomes. Every individual in an organization, from executives to marketing managers, requires access to relevant information to make critical decisions. This is where big data comes in. With the vast amount of data available to companies, big data analytics […]
Forecast modeling in production: A survival analysis
With the evolution of technology, businesses are increasingly adopting machine learning and data analytics to derive solutions. According to Forbes, 50% of all enterprises planned to invest more in ML and AI in 2021. With this shift towards machine learning, data scientists often have to deal with challenges when models are in production. Last year, 38% of […]
Retail growth: Why data analytics is important?
Retail growth has become increasingly complex in the modern retail landscape. Consumer needs and expectations are evolving as fast as ever. As a result, data analytics is gaining massive popularity as it solves retail complexities and capitalizes on customer behavior. To summarize, collecting and analyzing data is useful as it allows retailers to: The […]