Data Strategy: why is it important to align your business strategy with data strategy?

Data Strategy: why is it important to align your business strategy with data strategy?

In the modern digital landscape, data is one of the most powerful and readily-accessible assets that companies can possess. Everything from how long a certain client views a page for to the type of products most often purchased can be translated as data. But have you ever wondered how some of the largest and most successful companies around the world utilise such data in an effective manner? The answer to that question is simple: it is because they closely align their business strategy with their data strategy. In this blog, we will highlight the importance and benefits of aligning your company’s business and data strategies.

Actionable Insights - go beyond pretty pictures

Actionable Insights - go beyond pretty pictures

The term Actionable Insights is being coined by most analytics firms and has become a buzzword. In the simplest term, actionable insight is telling a story that results in clear, concise, and meaningful actions that businesses can take towards their strategic goal. However, quite often when you come across the term actionable insights, all you see is a very pretty dashboard with the visualised data.

Benefits of data integration

Benefits of data integration

Organisations that wish to remain competitive and relevant in the market are embracing big data. However, there is sometimes a disconnect between the management of data and the practical application of what that data can do for a company. It is the role of data integration to bridge that gap, permitting the data to be far more useful than it was previously.

Humans in Machine Learning - you think you know it?

Humans in Machine Learning - you think you know it?

The general perception around Artificial Intelligence and Human involvement in it is very limited, to say the least. When we talk about general-purpose AI, we view it as a system that can sort of solving any problem that it sees. Thus, there is a tendency to believe that AI and Machine Learning will fully replace human work. But we are quite some way away from that - most AI systems we see today are narrow in their remit but very good in that narrow space. One might argue that as AI systems start to take over multiple narrow functions within an organisation, the human workload will eventually reduce. But we have to understand that humans do not possess a singular type of intelligence but exhibit multifarious types of intelligence.

Predictive resource allocation

Predictive resource allocation

Mistakes and inefficiencies cost money - project slippage reduces profit margin. With predictive resource allocation, you will be able to investigate your past data, analyse your past mistakes from the information and data you have already collected, and predict the future best scenario for your business.

Manual VS Automated Processes

Manual VS Automated Processes

Every business generates endless volumes of data each day. Data is used to track information related to the quality of your product or service, safety, efficiency, customer satisfaction, and productivity. Despite the importance of accurate and complete data, entering and collecting critical information is often entrusted to manual methods like spreadsheets.

Mental Health in Workplace

Mental Health in Workplace

Healthy and stable mental wellbeing enables us as individuals to thrive. There is growing awareness and acknowledgement from business leaders around the importance of mental wellbeing in the workplace. ''Not caring about the mental wellbeing is not an option anymore'' - says Sarbani Bose, the Managing Director of Ei Square.

Data democracy - What, Why and How?

Data democracy - What, Why and How?

Before data is made centric to an organisation’s decision making process, a comprehensive data strategy undertaking is a must. Data democracy is part of that process. Here in this blog, Sarbani talks about some of the elements with data democracy that organisations must undertake.