article thumbnail

Differentiating Between Data Lakes and Data Warehouses

Smart Data Collective

The market for data warehouses is booming. One study forecasts that the market will be worth $23.8 While there is a lot of discussion about the merits of data warehouses, not enough discussion centers around data lakes. We talked about enterprise data warehouses in the past, so let’s contrast them with data lakes.

Data Lake 106
article thumbnail

Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Etihad taps data science to optimise airline operations

CIO Business Intelligence

Despite the worldwide chaos, UAE national airline Etihad has managed to generate productivity gains and cost savings from insights using data science. Etihad began its data science journey with the Cloudera Data Platform and moved its data to the cloud to set up a data lake. Reem Alaya Lebhar.

article thumbnail

Achieving Trusted AI in Manufacturing

Cloudera

Demand forecasting: AI can be used to forecast demand for products based on historical data, trends, and external factors such as weather, holidays, seasonality, and market conditions. Trusted AI begins with trusted data What resolves the data challenge and fuels data-driven AI in manufacturing?

article thumbnail

Databricks’ new data lakehouse aims at media, entertainment sector

CIO Business Intelligence

“You can think that the general-purpose version of the Databricks Lakehouse as giving the organization 80% of what it needs to get to the productive use of its data to drive business insights and data science specific to the business. Features focus on media and entertainment firms.

article thumbnail

Top 8 predictive analytics tools compared

CIO Business Intelligence

The goal of Alteryx’s Analytic Process Automation (APA) platform is to help you build a pipeline that cleans data before applying the best data science and machine learning algorithms. The product line is broken into tools for basic exploration such as Visual Data Mining or Visual Forecasting.

article thumbnail

Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Data analysts contribute value to organizations by uncovering trends, patterns, and insights through data gathering, cleaning, and statistical analysis. JPMorgan Chase & Co.: