The Importance of Accurate Data and Visibility to Reduce Recession Impact

With the fast pace of business, data science is the way to elevate the playing field. Businesses can't get to the top without it. According to a study by the McKinsey Global Institute, data-driven organizations have the potential to increase their revenue by up to 20% compared to their peers. To explore this topic further, we turned to Grigorios Skolidis - the VP of Data Science at EBM - whose extensive expertise in this field [...]

Driving ESG Success with Data: How Finance Teams Can Lead the Way

It's no secret that ESG (Environmental, Social, and Governance) is becoming more important in the business world. In fact, a survey of over 250 CFOs found that 70% believe sustainability issues will significantly affect future financial performance, while 59% think ignoring sustainability issues will lead to financial risks (Deloitte). Finance functions can support ESG efforts by integrating ESG metrics into financial planning and analysis, developing key performance indicators, engaging stakeholders, and aligning initiatives with business [...]

7 Reasons Excel Could Get You Fired

Most CFOs would agree that purpose-driven financial planning requires solutions that enable transparency, custom reporting, and visibility into business value insights. Yet a study by Incisive Software found that nearly one-third of respondents said their organizations use over 10,000 spreadsheets on a regular basis. The problem? Excel spreadsheets don’t enable any of those things. In fact, there are seven big reasons why Excel could get you fired — or worse yet, sink your business: 1. [...]

Data Lake vs Data Warehouse: Advantages and Disadvantages

If you work in business intelligence, then you're probably familiar with the ongoing data lake vs data warehouse debate. You may even have your own strong opinion! What you may not know, however, is that one data platform really isn't necessarily better than the other. Both storage methods have their own uses, and which method is right for you mostly depends on your business and needs. Specifically, which data platform you'll benefit from more ultimately [...]

The Tortoise and the Hare Revisited

In 2020, Slow and Steady Simply Won’t Cut It.   We all know the story of the tortoise and the hare. The hare, with his superior speed, starts off the race with a huge lead. He becomes overconfident and decides he can take a nap before crossing the finish line. The tortoise slowly and steadily catches up and surpasses his opponent to emerge victorious. Traditionally speaking, they say the moral of the story is "slow [...]

The Dirty Data Problem

3 Challenges Companies Face as They Strive for Clean Data “There is more data now than there has ever been at any point in history.” You can make this statement now, a week from now or two years from now, and it will always be true. At our current pace, it is estimated that we generate 2.5 quintillion bytes of data on a daily basis, and with the continued growth of IoT (Internet of Things) [...]

Q&A: 6 Questions with Gaurav Shroff

Gaurav Shroff joined our team in September 2019 as a Manager in our Data Science area, where he has been tasked with building out and enhancing our analytics capabilities. Gaurav has a unique background that has equipped him with the valuable combination of business acumen and technical expertise to fit this challenging role. We recently sat down with Gaurav for a short Q&A about his new role and the data science challenges many companies are [...]

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