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One of the most common challenges faced by professionals in working with key performance indicators (KPIs) relates to data. They grapple with collecting and analyzing data to establish targets accurately, as indicated by 42% of respondents in The KPI Institute’s State of Strategy Management Practice 2023 Report. This is particularly important as the collected data is […]
A: Bridging the gap between data teams and non-technical stakeholders should be a multi-way effort. From the technical side, data analysts first have to be aware of business needs and then adopt communication best practices. Insights should be delivered in the plain language of stakeholders, eliminating technical jargon and providing business context. Data storytelling techniques […]
In 1983, American professor of statistics and computer science Edward Tufte introduced the concept of data-ink ratio in his famous book, “The Visual Display of Quantitative Information.” Data-ink ratio is a pioneering disciplinary theory in data visualization that has been highly influential in recommended practices and teachings, with its excellency reflecting a minimalistic style of […]
Big data is a major asset for businesses that can access its insights. Making this happen, though, is a complicated job that needs the right tools. Enter data enrichment. Understanding how it works and its impact on current industries is a great way to get to know what data enrichment can do for your organization. […]
In today’s data-driven world, organizations are constantly grappling with an abundance of data coming from various sources and in different formats. Data integration has emerged as a critical process that enables businesses to connect these disparate data sources by consolidating them into repositories called data silos, creating a comprehensive and unified view of their information. […]
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