According to Climate-KIC, even though we're still emitting 17% less CO2 than in 2019, our current greenhouse gas emissions still exceed the normal rate by 80%. And this is one of the most significant drops we've had in recent years. If this situation continues, the economic damage resulting from climate change will equate to sustaining one COVID-like pandemic every ten … [Read more...] about AI And Climate Change: How Technology Helps Reduce Emissions
Strategy
Learn everything about data strategy, what it should include in order to be successful, and how you can develop a data-driven business strategy for your business.
The Top 5 Technology Trends for 2022: The Year of Decentralisation
Last year, I coined 2021 the Year of Digitalism as I foresaw the increase of corporate and governmental data surveillance. Unfortunately, it is safe to say that this has come true with Big Tech becoming more powerful than ever before and governments worldwide implementing Covid tracking apps. What also happened is that the Pandemic has been a strong catalyst for digital … [Read more...] about The Top 5 Technology Trends for 2022: The Year of Decentralisation
Why Predictive Sales Analytics Is a MUST-HAVE in 2022
Recently, Accenture conducted a fascinating study on asset managers. One finding that stood out was that almost all managers agreed that investing in data analytics and driving data-driven growth is their highest priority. ¯ Data today, in fact, is critical to investment success to the extent that it is often referred to as the competition's single biggest differentiator. … [Read more...] about Why Predictive Sales Analytics Is a MUST-HAVE in 2022
Top telco challenges that zero-touch networks tackle
Introduction  Lifestyles have slowly become more digital over several years now, and this trend has been accelerated since the beginning of the pandemic, even in regions of slower adoption. Having transformed the way customers interact, telcos have since been trying to keep up not only with unprecedented demand for digital services but also the need to engage with customers … [Read more...] about Top telco challenges that zero-touch networks tackle
The Power of Data: How Leading Organizations Leverage Data As A Competitive Advantage
Data is the current and future source of competitive advantage. Borja Gonzáles del Regueral “ Vice Dean, IE University's School of Human Sciences and Technology Business leaders completely understand the importance of data as a fundamental asset for their business growth. Although many have realized its significance, most of them still struggle to understand how it can be … [Read more...] about The Power of Data: How Leading Organizations Leverage Data As A Competitive Advantage
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What is data strategy?
Data strategy, also called analytics strategy or business data strategy, is the organizing principle for an enterprise’s investments in data and data-related technologies. Data strategy provides a framework for thinking through the complex trade-offs in managing data as an enterprise resource.
It helps business leaders make decisions about where to focus their data investments and how to maximize the value of those investments. Want to learn more about data strategy? Datafloq has courses available. Contact us to get started.
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How does data strategy work?
Data strategy starts with a clear understanding of an organization’s business goals. From there, it defines the role that data will play in achieving those goals and outlines a plan for how to get the most value from data. Data strategy is an essential part of any organization’s overall data business strategy.
When done well, it can help organizations make better use of their data and gain a competitive edge. But when executed poorly, it can lead to wasted resources and missed opportunities. Data strategy is not a one-time exercise; it should be revisited regularly as an organization’s business goals and needs evolve.
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What are the four big data strategies?
Big data can be a big help when it comes to making decisions for your business. But how do you make sense of all the data out there? One way is to use the four big data strategies:
- Performance management — Helps you track and improve your business’s performance.
- Data exploration — Helps you understand your data and find hidden patterns.
- Social analytics — Helps you analyze data to understand customer behavior.
- Decision science — Helps you use data to make better decisions.
These strategies can help you get the most out of your data and make better decisions for your business.
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What should a data strategy include?
A data strategy should be designed to help an organization achieve its business goals. It should be aligned with the organization’s overall data business strategy to be effective, considering its unique needs, such as its size, industry, and geographic location.
The data strategy should also define the roles and responsibilities of those responsible for managing the data. Finally, the data strategy should identify the tools and technologies that will be used to collect, store, and analyze the data. By considering these factors, an organization can develop a data strategy to help it meet its business goals.
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What is a big data strategy, and why should companies have the strategy in place?
Big data refers to a large number of data companies have access to. It can come from various sources, including social media, transaction records, and sensors. The challenge for companies is to make sense of this data and use it to improve their business.
A big data strategy helps companies to set goals and priorities for dealing with big data. It also helps them to invest in the right technologies and build the necessary expertise. Companies will struggle to get the most out of their data assets without a big data strategy. They will also be at a competitive disadvantage compared to those companies that have invested in big data.
