AI for BI: New 451 Research Report

| May 9, 2018

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There is an abundance of hype around artificial intelligence (AI) and machine learning (ML) in and around the analytics market. Matt Aslett and Krishna Roy published a new 451 research report last week highlighting a few key areas where AI is “assisting” humans for decision making (rather than just making the decision for them). “AI for BI: A potentially harmonious marriage, but not yet problem-free” is a nice snapshot and covers three key areas: “smart” visualizations, approaches for weaving AI into storytelling (incorporating NLG and NLP), and finding unknown insights and alerting users. You can think of AI for analytics like “GPS navigation” for business users who have to deal with tons of information and big data, and need some help navigating to find useful insights. This leaves the power of decision making (i.e., “driving”) in the hands of humans, but it makes them faster and smarter in their quest for knowledge and faster decision making. I thought it might be helpful in this blog to double-click into what 451 calls “smart visualizations” so you can see it in action. We implemented this in our latest software release of Arcadia Enterprise; I use it myself in my own job and find it incredibly helpful and cool.

Spotlight

C9 Inc

C9 is a new breed of analytics company that combines the best of Big Data + Fast Data + SaaS + Revenue and Forecast analysis to identify trends from historical data and enable companies to understand revenue risks and identify new revenue opportunities. We call C9, the Revenue Performance company. We help organizations analyze and optimize revenue across marketing, sales, service and support. Only C9 Applications and Active Data enable companies to increase revenue by improving visibility and predictability, generating more accurate forecasts, and identifying revenue risk. Come join our talented group of engineers, client services, product, sales and marketing employees who share the passion for helping our customers achieve great success and are creating the next category of software called "Revenue Performance Management". We are located in San Mateo and are backed by the Mayfield Fund, InterWest Partners and Leapfrog Ventures.

OTHER ARTICLES

How Data Analytics in The Hospitality Industry Can be Helpful?

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In recent years, we have seen more industries adopt data analytics as they realize how important it is. Even the hotel industry is not left behind in this. This is because the hospitality industry is data-rich. And the key to maintaining a competitive advantage has come down to ‘how hotels manage and analyze this data’. With the changes taking place in the hospitality industry, data analysis can help you gain meaningful insights that can redefine the way hotels conduct business.

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DATA SCIENCE

Soft Skills in Data Science

Article | April 29, 2021

We live in a world convulsed by new technologies and we are witnessing how more and more processes are automated in order to be executed with the same skill or even with better results than if they were carried out by a human, all this in order to be more efficient and effective. In this context the world of work is becoming increasingly competitive, because to remain employable we need to learn to manage or find a way to adapt our knowledge and skills to new technologies. With the spread of e-learning platforms and the tutorials that we can find available on the internet, acquiring new knowledge is within everyone's reach. For this reason, it is necessary to differentiate ourselves in order to stand out from other professionals, who have the hard skills similar to ours and this is precisely where Soft Skills play a very important role. What are Soft Skills? Soft skills are actually a combination of individual social skills, communication skills, personality traits, attitudes, social intelligence and emotional intelligence. Which facilitate relationships with others, making us more effective when interacting with other people. We could say that Soft Skills are the human interface that allow us to adapt to different working environments and industries. They are powerful tools for personal and professional growth. Why are Soft Skills key in our professional growth? Nowadays, standing out in the world of work is getting increasingly difficult, regardless of whether you are part of a corporation or work independently, due to the great competition within the labor market. That is why we must develop certain skills and attitudes that help us to function properly and successfully meet professional demands. Soft Skills are the point of differentiation that allows us to be selected for a position. The reason is very simple, we could be applying for a position and competing with people that are equal or even more qualified than us at a technical level, but to achieve the collaborative objectives of the company, more is required than just the technical and rational part. Also the way of communicating, values, ethics, as well as personality traits are highly valued factors since they help to drive organizations through high-performance teams, guaranteeing the achievement of their objectives. The background of the Soft Skills that we have trained throughout our lives make us unique, because it is unlikely that two people have the same combination of Soft Skills and been trained in a similar way, and that makes us more competitive against certain job opportunities where perhaps many will have the same Hard Skills, but where our Soft Skills will be the ones that will make us stand out to continue advancing in our professional career. How to sharpen our Soft Skills? To perform in any job we necessarily need to interact with other people, even if we work independently or remotely, so we must have the necessary skills that allow us to connect successfully with our teammates and stakeholders. Starting from the fact that Soft Skills are human skills, we can say that we have them pre-installed and the way to start using them (installing them) is through the experiences we undergo every day. Imagine being able to communicate assertively in your work environment and in your personal life. Master the use of tools installed in you to improve your interpersonal relationships within your work teams and reduce conflict. This would allow you to foster a healthy working environment and be able to lead any team in any environment in a strategic and effective way. Think of Soft Skills as a set of Apps that are ready to be used (like a toolbox) and that according to the experiences that are presented in our personal and / or professional lives, we are going to choose to use these applications to achieve our goals. Every time we access one of these applications, we are giving it the opportunity to collect data that will allow it to personalize its insights according to our needs and to fine-tune its effectiveness each time we use it. One of the best ways to train our Soft Skills is by leaving our comfort zone, because that will allow us to 'install' more and more Soft Skills. Another way to refine our Soft Skills is by participating in activities that involve people we do not know and even better if we involve people from other cultures, because we will achieve a beneficial exchange of experiences and knowledge for both parties that will enrich and make the training of our Soft Skills even more valuable. Some examples of activities that will enhance your Soft Skills: • Participate in competitions (e.g. Hackathons) • Found or be a lead of a community that shares your interests, and organizes small or large projects. • Organize a study group aimed at carrying out a technical or business project in order to confront professionals from various fields or industries. • Find resources and experts to help you. There are Soft Skills trainers who know useful techniques and tips to develop/sharpen your skills. • Participate in volunteer activities. You will meet new people with whom to put your Soft Skills in action. These activities will train/sharpen your leadership skills, teamwork, delegation, interpersonal communication, persuasion, etc. These are skills that we do not have as much facility to train while we are students or when we have just started working after finishing our studies, and that are required in the labor market to continue climbing in our professional career. Why do Soft Skills matter in the Data Science universe? A consequence of the use of Artificial Intelligence and Data Science is that many of the jobs that we know today will be automated and this is a matter of concern for many professionals who see their careers are in danger, but the good news is that in the future many new jobs the Soft Skills will be the main protagonists, this is what John Thompson explains us in his book "Building Analytics Teams" In other words, it is precisely our human skills that will allow us to be more employable in the future, and they will be highly requested skills because according to what the experts envision which is, that the machines will not be able to match us in this field, and that is why training our Soft Skills becomes a priority because they will allow us to be the key players of the future. On the other hand, Data Science is an interdisciplinary field where Soft Skills such as cooperation and communication are essential to achieve the goals set. Denis Rothman, author of the book "Transformers for Natural Language Processing" in an interview that I conducted, mentioned that The Human Quality is the most important thing for him when choosing the members of his work team. These are some considerations to take into account to generate a culture of cooperation: • People work harder and need less supervision, when they themselves control their work and have more freedom to choose how to do it. When they work as a team, they show greater motivation, their sense of pride increases and productivity reaches higher levels. • Solid teams that seek quality and excellence correct themselves; that is, they identify problems and correct them very quickly. Thus, they gain work experience and increase their performance. • Forming a solid and efficient work team requires patience. You need to give them time to see your results. They will have to establish procedures to complete tasks, handle administrative functions and work together efficiently, they will even have to adapt to their own decisions and accept their consequences. • A manager or team leader must recognize the team building process without expecting immediate results. The group will have to go through a learning process and this will take longer in some groups than in others. Another key component to achieving high levels of cooperation is fluid communication among team members and stakeholders. For instance defining the communication channels and the contact points in the different teams involved, guarantees the constant flow of communication during the life cycle of a Data Science project. One of the most critical moments is the presentation of the results to the stakeholders. In some cases the results of a project are not taken into consideration not so much because the expected results are not achieved, but because the way in which these results are presented are not meaningful for the stakeholders, and this, in most cases, it is due to the existence of communication barriers that is a consequence of the use of a language (terminologies) used in the technical world but not in the business world. After taking a tour of the world of Soft Skills, we can conclude by saying that Soft Skills are like superpowers that are waiting for the opportunity to be put into action, to make you a superhero or superheroine. Keep climbing positions in your professional career depends on you, on how much you use these superpowers but above all on your skills to refine them and make them available to the work team of which you are part. Don't wait any longer and start discovering your potential, start training your Soft Skills! If you want to know more about Soft Skills, I invite you to visit The Soft Skills Show

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How Artificial Intelligence Is Transforming Businesses

Article | February 11, 2020

Whilst there are many people that associate AI with sci-fi novels and films, its reputation as an antagonist to fictional dystopic worlds is now becoming a thing of the past, as the technology becomes more and more integrated into our everyday lives.AI technologies have become increasingly more present in our daily lives, not just with Alexa’s in the home, but also throughout businesses everywhere, disrupting a variety of different industries with often tremendous results. The technology has helped to streamline even the most mundane of tasks whilst having a breath-taking impact on a company’s efficiency and productivity.However, AI has not only transformed administrative processes and freed up more time for companies, it has also contributed to some ground-breaking moments in business, being a must-have for many in order to keep up with the competition.

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What is Data Integrity and Why is it Important?

Article | July 19, 2021

In an era of big data, data health has become a pressing issue when more and more data is being stored and processed. Therefore, preserving the integrity of the collected data is becoming increasingly necessary. Understanding the fundamentals of data integrity and how it works is the first step in safeguarding the data. Data integrity is essential for the smooth running of a company. If a company’s data is altered, deleted, or changed, and if there is no way of knowing how it can have significant impact on any data-driven business decisions. Data integrity is the reliability and trustworthiness of data throughout its lifecycle. It is the overall accuracy, completeness, and consistency of data. It can be indicated by lack of alteration between two updates of a data record, which means data is unchanged or intact. Data integrity refers to the safety of data regarding regulatory compliance- like GDPR compliance- and security. A collection of processes, rules, and standards implemented during the design phase maintains the safety and security of data. The information stored in the database will remain secure, complete, and reliable no matter how long it’s been stored; that’s when you know that the integrity of data is safe. A data integrity framework also ensures that no outside forces are harming this data. This term of data integrity may refer to either the state or a process. As a state, the data integrity framework defines a data set that is valid and accurate. Whereas as a process, it describes measures used to ensure validity and accuracy of data set or all data contained in a database or a construct. Data integrity can be enforced at both physical and logical levels. Let us understand the fundamentals of data integrity in detail: Types of Data Integrity There are two types of data integrity: physical and logical. They are collections of processes and methods that enforce data integrity in both hierarchical and relational databases. Physical Integrity Physical integrity protects the wholeness and accuracy of that data as it’s stored and retrieved. It refers to the process of storage and collection of data most accurately while maintaining the accuracy and reliability of data. The physical level of data integrity includes protecting data against different external forces like power cuts, data breaches, unexpected catastrophes, human-caused damages, and more. Logical Integrity Logical integrity keeps the data unchanged as it’s used in different ways in a relational database. Logical integrity checks data accuracy in a particular context. The logical integrity is compromised when errors from a human operator happen while entering data manually into the database. Other causes for compromised integrity of data include bugs, malware, and transferring data from one site within the database to another in the absence of some fields. There are four types of logical integrity: Entity Integrity A database has columns, rows, and tables. These elements need to be as numerous as required for the data to be accurate, but no more than necessary. Entity integrity relies on the primary key, the unique values that identify pieces of data, making sure the data is listed just once and not more to avoid a null field in the table. The feature of relational systems that store data in tables can be linked and utilized in different ways. Referential Integrity Referential integrity means a series of processes that ensure storage and uniform use of data. The database structure has rules embedded into them about the usage of foreign keys and ensures only proper changes, additions, or deletions of data occur. These rules can include limitations eliminating duplicate data entry, accurate data guarantee, and disallowance of data entry that doesn’t apply. Foreign keys relate data that can be shared or null. For example, let’s take a data integrity example, employees that share the same work or work in the same department. Domain Integrity Domain Integrity can be defined as a collection of processes ensuring the accuracy of each piece of data in a domain. A domain is a set of acceptable values a column is allowed to contain. It includes constraints that limit the format, type, and amount of data entered. In domain integrity, all values and categories are set. All categories and values in a database are set, including the nulls. User-Defined Integrity This type of logical integrity involves the user's constraints and rules to fit their specific requirements. The data isn’t always secure with entity, referential, or domain integrity. For example, if an employer creates a column to input corrective actions of the employees, this data would fall under user-defined integrity. Difference between Data Integrity and Data Security Often, the terms data security and data integrity get muddled and are used interchangeably. As a result, the term is incorrectly substituted for data integrity, but each term has a significant meaning. Data integrity and data security play an essential role in the success of each other. Data security means protecting data against unauthorized access or breach and is necessary to ensure data integrity. Data integrity is the result of successful data security. However, the term only refers to the validity and accuracy of data rather than the actual act of protecting data. Data security is one of the many ways to maintain data integrity. Data security focuses on reducing the risk of leaking intellectual property, business documents, healthcare data, emails, trade secrets, and more. Some facets of data security tactics include permissions management, data classification, identity, access management, threat detection, and security analytics. For modern enterprises, data integrity is necessary for accurate and efficient business processes and to make well-intentioned decisions. Data integrity is critical yet manageable for organizations today by backup and replication processes, database integrity constraints, validation processes, and other system protocols through varied data protection methods. Threats to Data Integrity Data integrity can be compromised by human error or any malicious acts. Accidental data alteration during the transfer from one device to another can be compromised. There is an assortment of factors that can affect the integrity of the data stored in databases. Following are a few of the examples: Human Error Data integrity is put in jeopardy when individuals enter information incorrectly, duplicate, or delete data, don’t follow the correct protocols, or make mistakes in implementing procedures to protect data. Transfer Error A transfer error occurs when data is incorrectly transferred from one location in a database to another. This error also happens when a piece of data is present in the destination table but not in the source table in a relational database. Bugs and Viruses Data can be stolen, altered, or deleted by spyware, malware, or any viruses. Compromised Hardware Hardware gets compromised when a computer crashes, a server gets down, or problems with any computer malfunctions. Data can be rendered incorrectly or incompletely, limit, or eliminate data access when hardware gets compromised. Preserving Data Integrity Companies make decisions based on data. If that data is compromised or incorrect, it could harm that company to a great extent. They routinely make data-driven business decisions, and without data integrity, those decisions can have a significant impact on the company’s goals. The threats mentioned above highlight a part of data security that can help preserve data integrity. Minimize the risk to your organization by using the following checklist: Validate Input Require an input validation when your data set is supplied by a known or an unknown source (an end-user, another application, a malicious user, or any number of other sources). The data should be validated and verified to ensure the correct input. Validate Data Verifying data processes haven’t been corrupted is highly critical. Identify key specifications and attributes that are necessary for your organization before you validate the data. Eliminate Duplicate Data Sensitive data from a secure database can easily be found on a document, spreadsheet, email, or shared folders where employees can see it without proper access. Therefore, it is sensible to clean up stray data and remove duplicates. Data Backup Data backups are a critical process in addition to removing duplicates and ensuring data security. Permanent loss of data can be avoided by backing up all necessary information, and it goes a long way. Back up the data as much as possible as it is critical as organizations may get attacked by ransomware. Access Control Another vital data security practice is access control. Individuals in an organization with any wrong intent can harm the data. Implement a model where users who need access can get access is also a successful form of access control. Sensitive servers should be isolated and bolted to the floor, with individuals with an access key are allowed to use them. Keep an Audit Trail In case of a data breach, an audit trail will help you track down your source. In addition, it serves as breadcrumbs to locate and pinpoint the individual and origin of the breach. Conclusion Data collection was difficult not too long ago. It is no longer an issue these days. With the amount of data being collected these days, we must maintain the integrity of the data. Organizations can thus make data-driven decisions confidently and take the company ahead in a proper direction. Frequently Asked Questions What are integrity rules? Precise data integrity rules are short statements about constraints that need to be applied or actions that need to be taken on the data when entering the data resource or while in the data resource. For example, precise data integrity rules do not state or enforce accuracy, precision, scale, or resolution. What is a data integrity example? Data integrity is the overall accuracy, completeness, and consistency of data. A few examples where data integrity is compromised are: • When a user tries to enter a date outside an acceptable range • When a user tries to enter a phone number in the wrong format • When a bug in an application attempts to delete the wrong record What are the principles of data integrity? The principles of data integrity are attributable, legible, contemporaneous, original, and accurate. These simple principles need to be part of a data life cycle, GDP, and data integrity initiatives. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are integrity rules?", "acceptedAnswer": { "@type": "Answer", "text": "Precise data integrity rules are short statements about constraints that need to be applied or actions that need to be taken on the data when entering the data resource or while in the data resource. For example, precise data integrity rules do not state or enforce accuracy, precision, scale, or resolution." } },{ "@type": "Question", "name": "What is a data integrity example?", "acceptedAnswer": { "@type": "Answer", "text": "Data integrity is the overall accuracy, completeness, and consistency of data. A few examples where data integrity is compromised are: When a user tries to enter a date outside an acceptable range When a user tries to enter a phone number in the wrong format When a bug in an application attempts to delete the wrong record" } },{ "@type": "Question", "name": "What are the principles of data integrity?", "acceptedAnswer": { "@type": "Answer", "text": "The principles of data integrity are attributable, legible, contemporaneous, original, and accurate. These simple principles need to be part of a data life cycle, GDP, and data integrity initiatives." } }] }

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Spotlight

C9 Inc

C9 is a new breed of analytics company that combines the best of Big Data + Fast Data + SaaS + Revenue and Forecast analysis to identify trends from historical data and enable companies to understand revenue risks and identify new revenue opportunities. We call C9, the Revenue Performance company. We help organizations analyze and optimize revenue across marketing, sales, service and support. Only C9 Applications and Active Data enable companies to increase revenue by improving visibility and predictability, generating more accurate forecasts, and identifying revenue risk. Come join our talented group of engineers, client services, product, sales and marketing employees who share the passion for helping our customers achieve great success and are creating the next category of software called "Revenue Performance Management". We are located in San Mateo and are backed by the Mayfield Fund, InterWest Partners and Leapfrog Ventures.

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