We hear more and more about semantics these days, but what does it mean? What is an ontology and how does it relate to a data model? Do semantics and ontologies have a role to play in data architecture and data modeling?
Data visualization has become a standard part of the business intelligence fair. It is now expected that a business intelligence team include a rich set of graphics in the tooling used across the business. In the real-time world, we are faced with the challenge of handling data streams directly from operational tools. This real-time data when presented visually tend to immediately skew to highlight outliers and exceptions in the data.
Enterprise analytics spans a wide array of categories but they all have one thing in common, they require human interaction to realize value. However, much of that value is often left on the table. Factors such as user interviews, persona design, stakeholder buy in, wireframing, iteration, adoption and feedback are underutilized and greatly increase the risk of user disengagement and stakeholder frustration. Analytics managers and dashboard creators can miss the opportunity to leverage user motivations to drive success.
Most organizations believe they will achieve better analytic results if they populate a deeper bench of experienced data scientists and machine learning practitioners. But this is akin to building a home exclusively with highly skilled framers, brick layers and cabinet makers. You’ll end up with a solid structure and great workmanship, but not a true functional home.
Most organizations lack a road map for leveraging data and analytics to optimize key business processes, uncover new business opportunities or deliver a differentiated customer experience. They do not understand what’s possible with respect to integrating data and analytics into the business model. And the Internet of Things only exacerbates the volume and variety of data that organizations could be capturing.
Most business intelligence (BI) systems were initially designed to support managed forms of reporting and simple analytics. Reports in these BI systems needed to be auditable, governable, tested, required high data quality, and so on. Now, however, organizations want to do more with their BI systems than reporting.
Businesses of all types and sizes are becoming more and more defined by their data. As this happens, it is equally important to improve the ability of managers, staff and even the general public, to make decisions which are well-informed by an understanding of the data behind their choices. Data literacy is the ability to understand the nature of the data we work with, and the ways in which we can interpret and communicate through our use of this important resource.
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