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Data Analytics News
Medium
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Understanding Feature Adoption vs. Usage vs. Activation
- Understanding Feature Adoption vs. Usage vs. Activation
- Feature activation is the initial interaction, while true activation is the 'Aha moment' when users fully experience the value.
- Usage measures consistent engagement with a feature, including depth and frequency.
- Feature adoption occurs when a feature becomes an integral part of the user's workflow, leading to lasting value.
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Pymnts
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Behavioral Analytics Inject ‘Smart Friction’ Into Battle Against Scams and Payments Fraud
- Scams against banks and their customers are increasing as fraudsters adopt personalized approaches.
- Pattern recognition and behavioral analytics can help in successful defense against scams.
- AI and machine learning are being used to identify suspicious behavior and introduce friction in the payment process.
- A consortium approach among banks to share real-time information is effective in fighting fraud.
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Pymnts
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Amex: Retail’s Future Hinges on Ditching the Discount
- Consumers expect personalized offers based on their preferences in retail.
- Generic discounts and blanket promotions are no longer effective.
- Retailers can leverage data-driven, personalized promotions to reach Gen Z and millennials.
- Retailers should focus on deep personalization, holistic brand engagement, and continuous touch points to drive loyalty.
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TechCrunch
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Quantexa nabs $175M at a $2.6B valuation to double down on data analytics for AI
- Quantexa, a London-based startup, has raised $175 million in a Series F funding round.
- The funding values Quantexa at $2.6 billion post-money and will be used to further develop its AI and data analytics platform.
- The platform helps organizations combat money laundering and fraud while also assisting in data curation for AI applications.
- Quantexa plans to expand its presence in AI projects, including a partnership with Microsoft and a focus on the public sector.
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Medium
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From Scalpels to Screens: Revolutionizing Medical Insights with Immersive Data Visualization (Part…
- The article discusses how AI, Virtual Reality, and Augmented Reality enhance decision-making, patient care, and education in the medical field through immersive data visualization.
- AI integration with immersive visualization improves healthcare professionals' ability to detect critical patterns and make informed decisions, especially in areas like oncology.
- The collaboration between Cleveland Clinic and IBM showcases how immersive data visualization with AI and quantum computing enhances decision-making and biomedical insights.
- Virtual Reality (VR) is utilized for managing phobias and PTSD, offering controlled exposure therapy to patients in safe environments, such as treating fear of flying and heights.
- Immersive visualization plays a crucial role in patient education by providing clearer insights into conditions and treatments, aiding in making informed choices.
- VR is proving to be an effective tool for pain management in acute and chronic settings by engaging multiple senses to distract from pain perception.
- Despite promising results, more research is needed to explore the full potential of VR in chronic pain management and its integration with other therapeutic modalities.
- Overall, immersive technologies like VR and AR are transforming biomedical insights, procedural mastery, surgical planning, training, and patient care, fostering better outcomes and informed decisions.
- Future articles will delve deeper into the impact of immersive experiences on decision-making and patient care, highlighting advancements in medical education and clinical practice.
- References: Bravemind, Cleveland Clinic and IBM, Visualization of health information, Virtual Reality exposure effect in acrophobia, Virtual reality and pain management, MindMaze, Phobias Suite.
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Medium
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How to Add Slicers to Your Excel Reports
- Slicers are buttons that help you filter data in PivotTables and Excel tables.
- To add slicers to your Excel reports, follow these steps:
- Prepare your data by converting it into a table format.
- Insert a PivotTable and add fields to set up your report, then insert slicers to easily filter data.
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Medium
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Power BI Dashboard Tutorial: Step by Step Guide for Beginners
- This guide provides a step-by-step tutorial for beginners to build an interactive Power BI dashboard.
- The tutorial covers importing and cleaning data, creating data visualizations, designing a user-friendly dashboard, and publishing and sharing the report.
- Key steps include choosing a dataset, loading data into Power BI, cleaning and transforming data using Power Query, and formatting charts.
- The guide also includes tips for designing an effective dashboard and sharing the report through Power BI Service.
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Pymnts
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45% of Executives Say Uncertainty Has Led to Diminished Profits
- 28% of middle-market companies reported operating under a high level of uncertainty from February 2024 to November 2024.
- Uncertainty impacts the day-to-day operations of middle-market businesses, with supply chain disruptions and customer demand behavior as key challenges.
- Uncertainty resulted in diminished profits for 45% of executives over the previous 12 months, causing increased costs and missed growth opportunities.
- Mitigation strategies include seeking advice from business networks, using analytics, hiring specific skill sets, and incorporating process automation.
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Pymnts
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How Back-Office Leaders Are Selling the C-Suite on Risk and Compliance
- Organizations need to convince the C-suite that compliance is a critical enabler of growth, efficiency, and competitive advantage, rather than a burden.
- By positioning compliance as a competitive differentiator and aligning risk management with business objectives, companies can foster innovation and resilience.
- Modern risk management tools, such as AI, ML, and advanced analytics, streamline compliance processes and free up teams to focus on strategic initiatives.
- Engaging stakeholders across departments and making compliance a shared responsibility creates a more resilient and adaptive risk management framework.
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Siliconangle
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AI takes the field: How Sevilla FC and IBM are transforming player scouting
- Sevilla FC and IBM are leveraging AI for player scouting, enhancing talent identification in a mature way.
- Dr. Elias Zamora Sillero of Sevilla FC discusses the evolving role of AI and generative AI in player evaluation.
- Sevilla FC integrates AI and generative AI into recruiting strategy to efficiently process data and identify key player traits.
- The club's AI approach evaluates player value based on skills, age, and other factors for optimal recruitment decisions.
- AI empowers Sevilla FC to make data-driven choices, enhancing player development and team performance.
- The partnership between IBM and Sevilla FC focuses on innovation, human elements, and leveraging AI for player evaluation.
- IBM's expertise in AI and data analytics contributes to Sevilla FC's implementation of AI-powered scouting solutions.
- Collaboration with IBM's team has been instrumental in Sevilla FC's success, combining technology with football knowledge.
- The human perspective in technology, emphasized by IBM, complements Sevilla FC's proficiency in football technology and data.
- By merging technology and human insight, Sevilla FC has excelled in developing innovative solutions for player evaluation.
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Siliconangle
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Balancing innovation and ethics: Cisco’s CPO talks about the future of AI and automation in business
- Cisco's Chief Product Officer, Jeetu Patel, discusses the importance of balancing innovation and ethics in the future of AI and automation in business.
- Companies need to ensure responsible and secure implementation of AI and automation, considering ethical concerns and the growing threat of cyberattacks.
- Patel emphasizes the need for a common substrate of safety and security across every AI model to counter the reliance solely on model providers.
- Data security, AI, and automation are shaping the future of the industry, with a focus on enhancing operational efficiency and driving informed business strategies.
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Siliconangle
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Google Cloud debuts powerful new AI capabilities for data scientists and doctors
- Google Cloud announced new AI capabilities for data scientists and medical professionals.
- For data scientists, Google introduced a new AI agent in Google Colab that accelerates data analysis, reducing research time from weeks to minutes.
- For medical professionals, Google expanded multimodal search capabilities in Vertex AI Search for healthcare, allowing easy searching and questioning of tables, charts, and diagrams.
- Combining data from images with written notes and text, the enhanced search aims to improve diagnoses and treatment plans, enhancing patient outcomes.
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TechBullion
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Healthcare Technology Consulting: Optimizing IT Infrastructure with Cloud & Data Analytics
- Healthcare Technology Consulting Services play a crucial role in guiding organizations through the modernization of IT infrastructure.
- Cloud computing, data analytics, and AI-powered security frameworks are essential for healthcare organizations to enhance operational efficiency, patient data security, and regulatory compliance.
- Data analytics enables better patient outcomes and well-informed decision-making through real-time predictive analytics, federated instruction for data privacy, and breaking data silos with interoperability.
- A strategic and phased approach, including IT assessments, cloud-first approach, leveraging big data and analytics, ensuring interoperability, strengthening cybersecurity measures, and staff training, is necessary for optimizing IT infrastructure with cloud and data analytics in healthcare.
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Iotbyhvm
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Setting Up ThingSpeak for Your IoT Project
- ThingSpeak is a cloud-based platform that enables IoT devices to collect, analyze, and visualize data in real time.
- This guide provides steps to set up ThingSpeak for your IoT project, including creating an account, creating a new channel, setting up your IoT device, and visualizing data.
- ThingSpeak supports integration with MATLAB for advanced analytics.
- By following these steps, you can set up ThingSpeak, connect your IoT device, and visualize data effortlessly.
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UX Design
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ChatGPT vs DeepSeek: suggestions of diverging data color schemes
- Comparing the ChatGPT and DeepSeek suggestions for a Pantone 2025 Color of the Year Diverging Color Scheme.
- ChatGPT and DeepSeek were asked to generate a customized diverging data color scheme for Mocha Mousse, the Pantone 2025 Color of the Year.
- Diverging data color schemes combine two sequential color sequences with a neutral midpoint, often used for data with a critical midpoint value.
- Both ChatGPT and DeepSeek provided color Hex code solutions for various diverging color scheme suggestions.
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