Steps Companies Should Take to Come Up Data Management Processes

Data is becoming more important to modern organizations than ever before. However, many companies are still struggling to use it effectively. One poll found that 74% of companies feel they are still struggling to use data effectively. One of the problems is that they don’t manage their data well. How Companies Can Manage their...

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8 Data-Driven Strategies to Improve Customer Engagement

Data-savvy companies are constantly exploring new ways to utilize big data to solve various challenges they encounter. A growing number of companies are using data analytics technology to improve customer engagement. Werner H Kunz of the University of Massachusetts Boston and some of his colleagues addressed this in their paper Customer...

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Impressive Ways that AI Improves Business Analytics Insights

Did you know that global companies are projected to spend nearly $1.6 trillion on AI by 2030? The demand for AI services is growing due to the many powerful benefits it offers. Various applications, from web-based smart assistants to self-driving cars and house-cleaning robots, run with the help of artificial intelligence (AI). With the...

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Ethical Considerations with Data-Driven Employee Monitoring

There are many reasons big data has become a double-edged sword for businesses. One of the biggest examples is with employee monitoring. Many companies are using data analytics to monitor their employee productivity and other behavior. It can be even more beneficial than using big data for recruiting. This is an area where big data can help...

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Can AI Help Create an Ideal Employee Compensation Package?

As businesses strive to remain competitive in today’s economy, the question of how to best compensate employees becomes more important. Many companies are turning to artificial intelligence (AI) to help them create an ideal employee compensation package.  AI can analyze data from a variety of sources to help businesses determine which benefits...

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7 Ways Online Businesses Can Stop Data Breaches Through Social Media

Data breaches are becoming more common than ever. The Thales Data Threat Report found that 45% of companies suffered a data breach in the past year. Online businesses are among the most likely victims of data breaches. They are more easily exposed to hackers, which means they have to do more to protect sensitive data. One of...

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Data Analytics is Very Valuable for Companies Improving their Cultures

Data analytics technology is rapidly becoming a more integral part of many company cultures. According to the 2021 State of Data Maturity Report, 32% of companies have formal data strategies. Although they are still the minority, this figure has risen from almost nothing under a decade ago. Data analytics serves many different purposes....

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Promising Benefits of AI in the Financial Technology Market

Artificial intelligence (AI) is all the rage now. It’s impacting numerous industries globally and changing the way we do things. One of the critical industries AI is making strides in is the financial technology “fintech” industry. AI now plays a significant role in facilitating financial services, replacing what required manual work a few...

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The 4 Major Applications of Blockchain Technology

The word ‘blockchain’ is more and more in use today, especially when it comes to cryptocurrencies. However, the applications of blockchain go beyond cryptocurrency networks. Applications of blockchain technology today aren’t restricted to the financial industry either. This is as the distributed ledgers found in blockchain technology can be used...

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Using Data Annotations for Quality Control Purposes

Data annotation helps the developers check each field after entering data into a database or creating a form. This is especially useful if no error checking has been implemented. Data Annotation converts data from code to presentation format. Quality controls ensure the correct input of data into a table, record, or control. Performance affects...

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