August, 2023

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Leveraging Data, Statistics, and Probability in Business Analytics: A Modern Approach for…

Analysts Corner

Leveraging Data, Statistics, and Probability in Business Analytics: A Modern Approach for Transforming Information into Actionable Insights In the age of information, businesses have access to more data than ever before. Whether it’s customer purchasing patterns, supply chain logistics, marketing campaign effectiveness, or employee performance, companies are inundated with data.

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Best of BATimes: Business Analyst vs. Business Analytics Professional: What’s the Difference?

BA Times

A business analyst and a business analytics professional are not the same. Very often, people get confused about these 2 terms. Many times, they are used interchangeably. Few start-ups and organizations also seek out a business analyst when they are actually in search of a business analytics professional. Among the analytics enthusiasts who are […] The post Best of BATimes: Business Analyst vs.

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Why Your Software Is Working Against You (And How to Prevent It)

The Visual BA

Estimated reading time: 4 minutes Intro The applications you use to run your business are supposed to make your life easier. However, for many of us, somewhere along the way things became unnecessarily complicated. Let’s look at a few reasons why your software turns on you, and how to prevent it. Solving the wrong problem Many business leaders I have known start with stating the problem as something like “We need a POS system”.

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Why AI Forces Data Management to Up Its Game

Dataversity

The Information Age has flooded the modern enterprise with data. Demand for enterprise storage capacity will only increase in the years ahead. By the end of this decade, new enterprise storage capacity shipments are forecast to be 15 ZB per year, with the active installed base exceeding 45 ZB. Where Is This Growth Coming From? Business and […] The post Why AI Forces Data Management to Up Its Game appeared first on DATAVERSITY.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Future Proofing Employee Satisfaction Trends With Data Analytics

Smart Data Collective

Big data can be used in various industries, including HR. One of the biggest benefits of big data in HR is that it can help bolster employee engagement. As 2023 approaches the final third of its year, the paradigm of workplace happiness is experiencing a deep shift, owing to tremendous changes in work dynamics, employee expectations, and technology breakthroughs.

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What Is Measurement System Analysis: Understanding Process Variation | Simplilearn

Simplilearn

Every manufacturing company collects copious amounts of data on systems and processes daily. This data then informs decisions across all areas of the company, including hiring, equipment needs, and even environmental elements. With so many critical factors at stake, it’s imperative that data collection is reliable. The only way to know this is to. Read More.

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Don’t Deliver a Donkey instead of a Horse

BA Times

All of us at some point in our life have heard of the children’s game called Telephone Game or Broken Telephone. In this game, Players form a line or circle, and the first player comes up with a message and whispers it to the ear of the second person in the line. The second player […] The post Don’t Deliver a Donkey instead of a Horse appeared first on Business Analyst Articles, Webinars, Templates, Jobs.

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AI Ethics: Unraveling the Moral Landscape of Artificial Intelligence

Analysts Corner

Artificial Intelligence (AI) has profoundly impacted various aspects of our lives and industries, but it has also brought to the fore critical ethical considerations. As we continue to integrate AI into our daily lives, the need for an ethical framework becomes increasingly urgent. This article will delve into AI ethics, its importance, the key ethical issues in AI, strategies for addressing these issues, and the future of ethical considerations in AI development.

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10 Highest-Paying Data Analytics Jobs in 2023

Dataversity

As one of the fastest-growing fields, technology continues to drive transformative changes across various industries, with new advancements emerging each year. Consequently, the demand for data analytics jobs is expected to surge in the near future, with a significant need for data science practitioners worldwide. The U.S. Bureau of Labor Statistics (2021) projects a 22% growth […] The post 10 Highest-Paying Data Analytics Jobs in 2023 appeared first on DATAVERSITY.

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Advances in AI Are Driving Major Changes in Cybersecurity

Smart Data Collective

Artificial intelligence technology is radically changing the future of cybersecurity. Last year, global organizations spent over $15 billion on AI to bolster their cyber defenses. Smart companies realize that they can no longer overlook the importance of using AI to thwart hackers. After all, hackers themselves are turning to AI to commit their crimes.

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HR’s Blueprint for a Successful 2025

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.

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Data Science vs Artificial Intelligence: Key differences | Simplilearn

Simplilearn

When it comes to data science and artificial intelligence (AI), you’ll often find a lot of intersection between the two skill paths. AI has numerous subsets, like machine learning and deep learning, and data science utilizes these technologies to interpret and analyze data, discover patterns, make predictions, and generate insights. So, decidin. Read More.

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Business Analysis Digest #36

Passionate BA

The business analysis digest #36 is here! Hello there! Welcome to the Business Analysis Digest #36, with the best business analysis and related topics articles of July 2023. This time, the digest is rich with case studies, practical advice, and lots of advanced materials. Enjoy! Business Analysis Articles 5 Common BA Questions Answered by Paula Bell Image source As a business analyst, I always hear the same questions when someone asks me, “What is it to be a BA.” Either people want t

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Best of BATimes: How to Facilitate Successful Process Mapping Sessions

BA Times

Process mapping is often the first step in business process improvement. It is a necessary activity that provides a baseline from which improvements can be measured and is the key to identifying and localizing opportunities for improvement. Therefore, it is important that facilitators capture the right information to help steer process improvement initiatives in the […] The post Best of BATimes: How to Facilitate Successful Process Mapping Sessions appeared first on Business Analyst Articl

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The Power of Recommendation Engines: An In-Depth Guide to Their Types, Techniques, and Applications

Analysts Corner

Introduction: The Growing Importance of Recommendation Engines In today’s digital age, consumers are inundated with information and options. To help users navigate this overwhelming landscape, recommendation engines have become increasingly important, offering personalized suggestions based on individual preferences, behavior, and context. These systems have found widespread use in industries like e-commerce, entertainment, and social media, enhancing user experiences and driving customer engage

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Business Valuation Software: Free Guide to Valutico Platform

Explore our free guide to Valutico, the platform that revolutionizes automated report generation, offers access to 1 million M&A transactions, enables quick benchmarking, and streamlines the entire valuation process. With Valutico, you gain access to: 30-Minute Valuations: Rapidly producing accurate results. 3TB of Financial Data: The expansive data you need at your fingertips.

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The Cool Kids Corner: Change Management for Data Literacy

Dataversity

Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month we’re talking data literacy and change management. What is data literacy? Why is it important? What are the barriers? How do […] The post The Cool Kids Corner: Change Management for Data Literacy appeared first on DATAVERSITY.

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Data Analytics Boosts ROI of Investment Trusts

Smart Data Collective

Data analytics has had a tremendous impact on the financial sector in recent years. Therefore, it should be no surprise that the market for financial analytics is projected to be worth nearly $19 billion by 2030. There are a ton of great benefits of using data analytics in finance. One of the biggest opportunities to leverage financial analytics technology is in the field of investing.

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Types of Data Mining Techniques | Simplilearn

Simplilearn

Applications for data mining techniques can be found in every field, including business, research, and government. Businesses examine recorded data, including user preferences, sales numbers, and historical inventory levels, using data mining. They can make wiser decisions if they can spot trends and recurring patterns in this data. When properl. Read More.

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Overcoming Resistance to Change in Agile Transformation

Leading Agile

When people say they have a culture problem that’s preventing them from sustaining change in an Agile Transformation, what they’re really saying is that they have a cognitive dissonance problem. You have an inability to help people see how Agile is going to improve the organization. Blaming people and telling them they’re being resistant to change isn’t going to close the gap and make that cognitive dissonance go away.

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Maximize Productivity and Simplify IT Management with Conversational AI

ChatGPT has dominated boardroom conversations for months now. From drafting a stock trading program, to creating a SQL query to model data, there are practically no limits to the applications of the AI language model assistant. At ManageEngine, we have been working on our own AI-assistant, Zia. Zia is a fully-trained analytics assistant that can perform a range of functions such as creating and adding reports to dashboards, providing conversational support to data analysis, insight discovery, bu

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Best of BATimes: 10 Steps to Transition from Your Current Job to an Amazing BA Career

BA Times

Over the years, professionals wanting to pursue a career in business analysis have been seeking my advice. A few of the questions posed to me: “How do I launch my career as a business analyst?” “How do I switch over to BA role? “ “Is it possible to move to a business analyst position […] The post Best of BATimes: 10 Steps to Transition from Your Current Job to an Amazing BA Career appeared first on Business Analyst Articles, Webinars, Templates, Jobs.

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The customer is NOT always right

Analysts Corner

Why do we persist in maintaining that the customer is always right, when we all know that isn’t true?

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9 Best Practices for Real-Time Data Management

Dataversity

In the era of digital transformation, data has become the new oil. Businesses increasingly rely on real-time data to make informed decisions, improve customer experiences, and gain a competitive edge. However, managing and handling real-time data can be challenging due to its volume, velocity, and variety. This article will guide you through nine best practices […] The post 9 Best Practices for Real-Time Data Management appeared first on DATAVERSITY.

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Cloud Technology Powers Research on PSA Software

Smart Data Collective

Cloud technology has been instrumental in the software development sector. This is one of the many examples of how cloud technology has benefited enterprises. Steven Gage wrote a great article in Dice.com a few years ago on the benefits of cloud computing for software development. Some of the biggest benefits include ease of deplorability and scalability.

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Data-Backed Secrets for Minimizing Discounts & Maximizing ROI Post-Holiday

Use data to turn one-off holiday shoppers into repeat buyers and effortlessly drive more sales throughout the year. Our guide will give you an in-depth understanding of what triggers your customers to buy and breaks down campaign examples from leading B2C brands.

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Software Developer vs Software Engineer: Know the Differences | Simplilearn

Simplilearn

The position of Software Developer and Software Engineer are often confused and sometimes are interchangeably used. Many people often raise the question, “Are software developers and software engineers the same?”. Both positions have ample differences in the tech industry. Here, we aim to give a clear reply to the questions and cover the simila. Read More.

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Beware the Toxic Positivity of Data: Why Context Matters

Domo

Toxic positivity? That seems a bit harsh when talking about data, especially given that most modern businesses aspire to be data-driven in both strategy and execution. Indeed, over the last decade or two, data has become almost universally regarded as a key corporate asset and an essential input to quality decision-making. That said, the rising importance of data as an asset has resulted in significant overheads being required in its protection.

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Avoid The “Saying/Doing” Gap

BA Times

Elicitation is a core part of business analysis, and there are a vast array of elicitation techniques at a BA’s disposal. However, if you’re like me (and most BAs) you probably have a few favorite techniques that you gravitate towards. For me, I’ll often start with interviews and workshops, using document analysis to gain context […] The post Avoid The “Saying/Doing” Gap appeared first on Business Analyst Articles, Webinars, Templates, Jobs.

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Unlocking the Value of Data: A Comprehensive Guide to Data Profiling

Analysts Corner

In the era of data-driven decision-making, understanding and managing the quality of data is crucial. As organizations increasingly rely on data to drive their operations, strategy, and innovation, ensuring data integrity and usability has never been more important. This is where data profiling comes into play. Understanding Data Profiling Data profiling, in its simplest form, refers to the process of examining, analyzing, and summarizing data from an existing data source.

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The Young BA

This article focuses on my experience starting as a customer service representative and working myself up to become a lead analyst in my organization. I did not start with many special skills or talents but I wanted to reflect on what did help me.

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Usability and Connecting Threads: How Data Fabric Makes Sense Out of Disparate Data

Dataversity

Generating actionable insights across growing data volumes and disconnected data silos is becoming increasingly challenging for organizations. Working across data islands leads to siloed thinking and the inability to implement critical business initiatives such as Customer, Product, or Asset 360. As data is generated, stored, and used across data centers, edge, and cloud providers, managing a […] The post Usability and Connecting Threads: How Data Fabric Makes Sense Out of Disparate Data a

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7 Tips for Using Data Analytics to Inform Revenue Operations

Smart Data Collective

By analyzing the revenue streams of a particular business, you can gain deep insights about the processes that the company uses to make money. In some cases, this can tell you where funds and time are being wasted, while others might learn that they’re missing out on opportunities to increase efficiency, or even uncover some segment of the market they should be emphasizing further with their sales efforts.

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Learn How to Build Your Own Spotify-like Recommendation Engine | Simplilearn webinar starts 05-09-2023 15:30

Simplilearn

Want to know how the “Recommended music for you” section on Spotify works? It’s not magic how songs of similar genres play one after the other without your intervention, but a form of data-driven wizardry that powers personalized content suggestions. In this one of a kind webinar our host will take you behind the scenes of recomme. Read More.

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Project Management Phases: A Comprehensive Guide

BA Careers

Project Management Phases Project management is a complex process that requires careful planning, execution, and control to ensure successful project outcomes. One effective approach to managing projects is by dividing them into phases. In this comprehensive guide, we will explore the five essential phases of project management, namely Project Initiation, Project Planning, Project Execution, Project Monitoring & Control, and Project Closure.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.