The current pandemic has accelerated the race to modern infrastructure. Earlier modernization was a long-term goal that most organizations were achieving in bits, but now it is in the ambit of business continuity. Leaders across industries have realized that an obsolete infrastructure is the biggest limitation that can potentially keep them off from operating in the future, … [Read more...] about Secret Ingredients of Successful Infrastructure Modernization
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.
How Technology Can Reduce the Threat of Fake News
Is fake news really a threat to society? Isn't it just badly-doctored videos that are shared for fun, like memes? Isn't fake news just a buzzword, or an insult when you don't like a particular story? Don't we know fake news comes from the same sources, so it's easy to recognize? Not necessarily, which is what our recently published report on the "The State of Misinformation … [Read more...] about How Technology Can Reduce the Threat of Fake News
5 Applications of Deep Learning that are Reshaping Modern Business
Artificial intelligence and its subsets like deep learning are rapidly changing the business world. Deep learning is a relatively new system that is different and more advanced than traditional machine learning. In a practical sense, deep learning can analyze large data sets to achieve self-learning and improvement in record time. For your business, regardless of the industry, … [Read more...] about 5 Applications of Deep Learning that are Reshaping Modern Business
Software Development Project Postmortem: What is It?
If you've been a part of any software development project, you know things don't always go as planned. In theory, projects have two possible extreme outcomes: success or failure. In reality, all projects will have a blend of success and failure factors when a large number of factors are considered. And in Apiumhub we believe that the best way to work through what happened … [Read more...] about Software Development Project Postmortem: What is It?
Storytelling With Data: Where Do Marketers Stand in 2021?
How comfortable are marketers in 2021 with storytelling with data? That's the big question a new data marketing study asks. 2020 has shown us the importance of data ”charts and graphs abounded, not just about the pandemic, but the large-scale changes to everyday life. But data on its own doesn't tell a comprehensive story. In fact, what many marketers have found is that … [Read more...] about Storytelling With Data: Where Do Marketers Stand in 2021?
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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.
