Best of TDWI’s Data Digest
Interesting articles we found on the Web focus on Excel’s future in BI, differences between a chief analytic offer and a chief data officer, the future of analytics, and the strengths and weaknesses of data lakes.
Does Excel Have a Future in Business Intelligence?
(Source: Invest in Tech)
Excel has long been a staple of business intelligence thanks to its ubiquity and usefulness, but as more new solutions come into the market, does Excel still have a future? Twenty-seven Microsoft Excel experts weigh in on the issue and offer tips for using Excel for BI.
What to Know when Hiring a CAO or CDO
(Source: Datanami)
When putting data analytic policies in place, most enterprises will hire either a chief data officer or a chief analytic officer. Both positions are in high demand, but they require a huge portion of the budget and it is not always clear what they bring to the team. This article reviews what both positions should entail and which employee would best fit in your enterprise.
The Future of Analytics is Predictive
(Source: Datamation)
Predictive analytics is not a novel concept. The idea of predicting what consumers want and then giving it to them is fundamental to business success, yet before big data, such predictions were not always grounded in reality. This article provides the background on predictive analytics and its applicability in today’s enterprise
Strengths and Weaknesses of Data Lakes
(Source: Solutions Review)
Use of data lakes has been increasing thanks to its ease in storing data. After all, the data lake has no qualms about what type of data or what format the data is; you can throw anything in. This ability comes with some pros and cons, which this article reviews.
Quint Turner is an editorial intern at TDWI and an undergraduate English student at Skidmore College. Follow his blog at pungry.com.