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Progression of Data, from data to information to knowledge to insight to action

The Data-Information-Knowledge-Wisdom (DIKW) hierarchy, or pyramid, relates data, information, knowledge, and wisdom as four layers in a pyramid. Data is the foundation of the pyramid, information is the next layer, then knowledge, and, finally, wisdom is the apex. DIKW is a model or construct that has been used widely within Information Science and Knowledge Management. […]

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Why is data visualization important?

Data visualization is the graphical representation of information and data. By using visual elements like charts, graphs, and maps, data visualization tools provide an accessible way to see and understand trends, outliers, and patterns in data. In the world of Big Data, data visualization tools and technologies are essential to analyze massive amounts of information and […]

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Big Data Analytics

Nowadays, big data are becoming a new technology focus both in science and in industry. Due to such large size of data, it requires new technologies and architectures in order to extract value from it by capturing and analysis process. However, it is difficult to perform effective analysis using the exiting traditional techniques and handle […]

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Application of Blockchain, Distributed ledger and Smart Contracts

Blockchain technologies are possibly going to become the fundamental building blocks for next-generation applications. The Blockchain is primarily a chain of data blocks with each block containing a transaction. Each transaction block has in it a header with information on the previous block, anyone who has all the blocks can arrange it and reconstruct the […]

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Transforming data into business insights

What is business intelligence? Business intelligence (BI) leverages software and services to transform data into actionable insights that inform an organization’s strategic and tactical business decisions. BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts and maps to provide users with detailed intelligence about the state of […]

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Artificial Intelligence

Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing (NLP), speech recognition and machine vision. Artificial intelligence (AI) is wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. AI is an interdisciplinary science […]

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What is robotic process automation?RPA

What is Robotic Process Automation? Robotics Process Automation(RPA) allows organizations to automate task just like a human being was doing them across application and systems. Robotic automation interacts with the existing IT architecture with no complex system integration required. RPA can be used to automate workflow, infrastructure, back office process which are labor intensive. These software bots […]

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Use of Virtue Ethics in the training of Business Managers and Leaders

Business is a part of living, and success in both life and business requires developing excellences (virtues), some moral and some nonmoral. Some personal qualities thought to be important in life include honesty, courage, sociability, selfawareness, empathy and compassion, discipline, hard work and trustworthiness. Some nonmoral excellences for success in business and leadership are thought to include financial […]

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Changes to the 2020 FRM® Exam and Study Materials

Changes to the 2020 FRM® Exam and Study Materials: Financial risk managers work in environments that can be uncertain, complex and volatile. Staying current with risk topics and maintaining critical analytical skills are import for adding value to a firm’s risk management program. The FRM’s curriculum is dynamic and responsive to changing markets and their […]

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