With the right data, we can make better decisions and solve problems more effectively. With just one piece of data, You Need to Know (INDYK) can make our lives easier in ways we never imagined. We don’t need a lot of data. We need the right data. This means that we should focus on getting helpful data, not just gather a lot of data for its sake. With the right data, we can make better decisions and solve problems more …
Tag: Big Data
The term “Fourth Industrial Revolution” was first coined by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, in 2016. It describes the transformation our societies and economies undergo due to the rapid development and adoption of new technologies such as smart devices, artificial intelligence (AI), robotics, and algorithms. This fourth industrial revolution is different from previous ones in that it is further propelled by the increasing connectivity of people and devices and the exponential growth of data. …
What exactly is a data stack? A data stack is a process of collecting, storing, and analyzing data in order to make better judgments. Data stacks are made up of many components that work together to build an end-to-end solution for reporting on your company’s most critical data. These components include ETL (Extract, Transform, and Load), which extracts raw data from multiple sources such as social media or portals, transforms it into useful formats such as tables with columns, and …
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