Customer segmentation is a methodology under customer analytics used to group customers or products with similar characteristics into meaningful segments. The process allows companies to target customers better and serve them in a more fitting manner. ...
Data lineage: Studying the life cycle of data
Like animals and plants, data too has a life cycle. It goes through various changes from its inception to its destination. When dealing data maturity – that helps maintain high standard data quality – it is necessary for organizations to understand the li ...
Why should you use a data management system?
Data management is the practice of collecting, storing and using data effectively and securely so that data can drive the decision-making process. Effective data management is crucial to companies that want to develop a data culture. It is a component of ...
Why do you need a Single Source of Truth?
More than a decade ago, companies were focused on accumulating data. Collecting data was important as there was not enough to make informed decisions. Now, there is an overwhelming amount of data. But, companies are still not able to make data-driven deci ...
Data Culture Assessment: A step toward building Analytics Maturity
Organizations are now more and more taking advantage of data to bolster themselves. Companies are using data to make decisions instead of relying on intuitions or just past experiences. This forms the basis of data culture – when your company applies data ...
What is data-driven leadership?
Data-driven leadership is the most critical aspect of scaling data literacy across an organization. Leaders align data literacy to business impact, they foster a decision-making process that is data-driven and champion a common data analytics process. Ali ...
What is Analytics Maturity and Why is it Important ?
What is Analytics Maturity ? Analytics Maturity is a model for assessing an organization's ability to effectively practice data exploration and decision making. Therefore it uses different levels or stages. Four components of Analytics Maturity support ...