Welcome to the Velocity monthly newsletter for February 2020 where we share our latest use cases, upcoming events, product updates, and more...
INDUSTRY VIEW POINTS
Data-Driven Decisions Start with These 4 Questions
According to Gartner, 85% of big data projects fail.Why is that? We are taking data insights at face value and failing to understand where the data has come from, what is its context, and if it applies to the situation at hand. This all comes back to data literacy. This article highlights some great questions you should be asking about your data. Read the article
How IT Can Get Predictive Analytics Right
A key to enterprise success with predictive analytics is to get the IT group involved and do it early in the process. In a lot of cases, we see a disparity between business leaders and IT leaders when it comes to the adoption of AI, data analytics and digital transformation as a whole. Not necessarily in their understanding of the value, but with a separation in strategy, with one department leading the charge. When it comes to the successful implementation of technology or a data analytics program, it requires a holistic strategy with company-wide buy-in. Here is some insight on why IT most certainly is required in creating a good predictive analytics model with their ability to quickly highlight opportunities that would work effectively with data. More info here
PRODUCT UPDATES
Alteryx Named a Leader in 2020 Gartner Magic Quadrant
- Why platforms must support not only model building but model operationalization·
- The diverse range of DSML platform users, from data scientists and citizen data scientists to line of business teams
- A uniform set of evaluation criteria – so you can easily compare BI tools·
- A neutral analysis of how each vendor aligns to Gartner’s criteria on completeness of vision and ability to execute
- A quick visual take of the BI landscape – so you instantly see who has been recognized