For all the clamor about the shortage of data scientists, an analysis of median salaries for data crunchers shows only a slight increase in salaries over the previous year.
The latest Burch Works study of salaries for data scientists and predictive analytics professionals found a mere 1 percent increase in media pay over the previous year. Median entry level salaries settled at $80,000, with increases based on job level rising to $135,000. Managerial salaries ranged as high as $250,000.
Many things are taking place:
Obtain Detailed Data Analytics Answers by Asking Right Questions
Data is not just a tool, it is an asset to organisations. What makes data more powerful is the way a company makes use of the long stored inputs at its full potential. But many aren't taking enough initiatives to reap the fruit out of it.
A report suggests that only 50% of an organisation's structured data is used for making business decisions while less than 1% of the unstructured data is even utilized. It is now time to reorganise all the data issues and get more out of the valuable source. Strategically using data paves the way to improve the customer experience, become more agile at decision making, and predicts and acts upon future trends.
Northwell Health Implements Cloud-Based Data Analytics
August 21, 2020 - Northwell Health in New York recently joined healthcare data analytics company Health Catalyst to implement cloud-based data analytics to improve patient outcomes across its enterprise organization and beyond.
According to an announcement from Health Catalyst, increased cloud-based reliance on data and analytics will help New York’s largest healthcare provider improve quality of care for patients by enabling providers to predict and respond to the changing needs of patients, payers, and their own providers across the care continuum.
PoultryWorld - Data, analytics and evidence-based decisions are key
UK poultry consumption continues to rise with associated production up by 2.2% compared to this time last year. However, it is arguably a sector that needs greater visibility, with retailers and processors under increasing pressure from consumers for this to happen. Rightly so, consumers want to understand where their food comes from, how it is produced, and the environmental impact of production.
The poultry food supply chain is one of the more complex logistical processes with many touchpoints required, from bird production to consumer purchase. However, welcoming increasingly accurate sensing technologies, coupled with the use of blockchain technology, into supply chain logistics will enable digital information (that cannot be modified) to be recorded from farm to fork. 'Data is king' but currently the data available in the poultry industry is not being used to its full potential.
Not to change the topic here:
Getting Started with Data Analytics: The Crucial Step You May Be Missing - RTInsights
By getting your organization's data in order at the beginning of your journey, the entire implementation will be set for success.
With cloud-based applications and their large sources of data having become the norm in the enterprise, there still seems to be a large swath of organizations that have yet to fully embrace the analytics this data can provide.
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The best way for a business to get started with data analytics is to get their house in order. What I mean is to take an objective look at their existing systems and processes, both automated and manual, and see where and what core data is being generated and captured. How much data being generated is never looked at today? How many systems are barely hanging together or require extreme amounts of integration and "data wrangling" to generate any type of usable data?
Driving Sales with CPG Analytics: Lessons to Grow, Scale and Profit Using Data and Analytics |
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200820005376/en/
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Though CPG analytics has proven to drive measurable outcomes, most companies are unaware of the benefits it offers. Due to many such factors, growth has been slow in the CPG industry in recent years, particularly for the industry's most significant players. To help business leaders tackle these challenges, Quantzig, in its recent article, presents some useful tips on using CPG analytics tools to increase efficiency and reduce costs.
Global Business Intelligence and Analytics Software Industry
Global Business Intelligence and Analytics Software Market to Reach $49. 2 Billion by 2027. Amid the COVID-19 crisis, the global market for Business Intelligence and Analytics Software estimated at US$27 Billion in the year 2020, is projected to reach a revised size of US$49.
Harnessing Business Analytics Capabilities to Improve Decision Making
The arrival of digitization across diverse industries has put immense pressure on business decision-makers to improve their overall performance. With companies generating huge amounts of data than ever before, they also come under pressure to derive valuable insights. However, the explosion of data and to stay ahead of the competition are prompting organizations to capitalize on the capabilities of analytics to drive strategic business decisions.
Typically, business analytics intends to generate and improve knowledge, understanding and learning in order to support evidence-based decision making and performance management. It is predicted that there will be 175 zettabytes of data worldwide by 2025. This much amount of data will certainly disrupt existing business models and ecosystems. Thus, to process and extract meaningful insights from them, businesses must have effective data management in place.
Happening on Twitter
The impressive reduction of mortality achieved during the pandemic for patients admitted to the ICU From UK @ICNARC… https://t.co/WEIwMBwB4Q EricTopol (from La Jolla, CA) Thu Aug 20 15:47:49 +0000 2020
Using data from the Grace and Grace-FO satellites, as well as climate models, scientists suggest that during 2019,… https://t.co/6pJoip8nxq BBCWorld (from London, UK) Fri Aug 21 07:20:14 +0000 2020
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