Category: Modern BI

Seven Steps to Success for Predictive Analytics in Financial Services

Remember when you began your career and the prospect of retirement was an event in the distant future? How many of the poor decisions you made over the years could have made for a better retirement outcome had you had a crystal ball to see into the future? With better knowledge about the future, would your decisions have been different?

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How “Able” Is Your ETL Process? Modernizing Data Prep, Part 1

For all the exciting discovery that data analytics enables, data preparation involves, for most users, an equal amount of drudgery. That’s true for a number of reasons, first and foremost being that enterprise data is rarely structured for analytic use; it’s often designed for transactional system performance or to minimize storage. Wrangling in data that’s spread across different locations and technologies (database, cube, cloud-based, on-premises, flat files, etc.), and then cleaning up “dirty” (incorrect, improperly encoded, duplicated or blank) data is a time-consuming and labor-intensive task, constantly repeated as data sources come and go.

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Will AI Increase the Reach of BI and Analytics?

The business intelligence (BI) assembly line is broken, with adoption or utilization rates of only 30 percent in a typical organization, according to Gartner[1]. These adoption rates include all the users of the BI system – administrators who manage the system, analysts who build reports, and business users who consume reports for better decision making. This underutilization ignores employees outside the BI system who could be using valuable data to make better decisions. No one can argue that business performance and innovation are negatively impacted when data assets are not fully leveraged for decision making.

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