Subscribe

Categories

Add to Technorati Favorites

 Subscribe in a reader

Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

04/17
2014

Analytics Maturity, Stage 2: Diagnose: The Root Cause of Business, Operational Conditions

In a previous post, we explained how the first stage of the Analytics Maturity Model, “Measure,” enables executives and front-line managers to obtain a quick, current status of the operational and business performance of their company.

shutterstock 100575610 300x200 Analytics Maturity, Stage 2: Diagnose: The Root Cause of Business, Operational ConditionsThe second stage of the Analytics Maturity Model, “Diagnose,” is where business leaders are able to visually interact and drill into their data to discover additional answers to questions that arose in the Measure stage, e.g., an increase or decrease in monthly revenue for a particular region.

Executives and other decision makers may also diagnose why an operational change occurred and examine the root cause of something that occurred.

Continue reading »

Print post

04/16
2014

Conquering the Key Challenges of Big Data

Big data offers companies a number of useful benefits, including opportunities for decision makers to gain deep insights about customers and market opportunities.

shutterstock 146516834 150x150 Conquering the Key Challenges of Big DataWhen used effectively with analytics tools, big data can also help business leaders identify and stem emerging issues (e.g., a developing bottleneck in a company’s supply chain) – even before they’ve reached the surface.

Companies Still Need to Address Big Data Challenges 

Still, despite the tremendous opportunities that it offers, big data also presents some heady challenges to organizations.

Continue reading »

Print post

04/15
2014

Transform Energy 2014 – The Value of Shared Experiences

By Steve Farr, Oil & Gas Industry Expert

Everyone in our industry attends functions, conventions, and shows that hint at the future of data analytics. Sure, we go to shows, but let’s be honest: who really remembers every detail of every presentation, 12 months earlier on a particular day?

BkUiy3hCYAApZ4i 300x150 Transform Energy 2014 – The Value of Shared ExperiencesVery few people.

But, sometimes you do. And when that happens, it’s because the presentation is insightful and has a deep impact. And that’s just what happened to me at last year’s Transform 2013.

Continue reading »

Print post

04/14
2014

Life Is Data: Improving Public Welfare with Big Data

The term “big data” is a bit of a misnomer. That’s because while the size of the data streaming into companies from social networks, online shopping, mobile devices and sensors attached to machinery is massive, the most important aspect of big data is the potential for how it can be applied to solve some of the world’s most vexing problems.

shutterstock 1862799651 150x150 Life Is Data: Improving Public Welfare with Big DataThat’s the assertion of a new article from Harvard magazine, which notes that the most compelling aspects of big data are its ability to create new knowledge by linking datasets as well as its creative approaches to visualizing data.

The article notes multiple applications of big data to improve people’s lives including: predicting where and when crimes will occur to allocate police resources; linking air quality with health; or using analysis to develop crops for drought resistance.

Continue reading »

Print post

04/11
2014

Wealth Management: Strengthening the Advisor-Client Relationship

Despite nearly a decade of negative real returns on equity and a string of bear markets, global wealth has more than doubled since 2000, reaching an all-time high of $241 trillion last year.

shutterstock 186523718 300x200 Wealth Management: Strengthening the Advisor Client RelationshipThat’s according to the 2013 Credit Suisse Wealth Report, which forecasts that global wealth is expected to grow 40% over the next five years, reaching $334 trillion by 2018.

The vibrant expansion in global affluence is being fueled by a combination of factors: the continuing expansion of emerging markets (which is estimated to account for 29% of the projected growth) along with the rise of personal wealth in the US as the housing and equity markets continue to make gains.

Continue reading »

Print post

04/10
2014

Analytics Maturity, Stage 1: Measure: Business Status Right at Your Fingertips

In a previous post, we explained that increasingly the long-term business success in today’s data-driven economy will center on an organization’s analytics maturity.

shutterstock 161390606 300x200 Analytics Maturity, Stage 1: Measure: Business Status Right at Your FingertipsThe first stage of the Analytics Maturity Model, “Measure,” enables executives and front-line managers to get a quick, current status of the operational performance and the business performance of their company.

Many enterprise organizations have historically measured performance using business intelligence (BI) reports. And while traditional BI does meet the basic definition of “Measure,” it certainly doesn’t meet the agility and interactivity of today’s data discovery analytics and mobile technology.

Continue reading »

Print post

04/09
2014

Data + Cloud = Money

Many organizations are realizing that great potential insight lies within the big data in their own networks and streaming through the social web.

shutterstock 1189420151 300x201 Data + Cloud = MoneyAnd that means these enterprises should be focused on the money they could be making if they take advantage of cloud-based analytics.

Measuring Cloud Effectiveness

That’s the assertion of Mark Herman, executive vice president of Booz Allen and leader of the firm’s Value from Data Initiative.

In a Forbes blog post, he notes that just as public companies measure their financial performances on earnings before interest, taxes, depreciation and amortization (EBITDA), the driver for advancements in data analytics should be “cloud EBITDA.”

Continue reading »

Print post

04/08
2014

Big Data Is Watching Your Customers

Forget Big Brother, big data is always seeing, always tracking, and always collecting data. Smart mobile devices, smart appliances and even intelligent vehicles can offer a constant feed of data for businesses to utilize in a variety of ways.

shutterstock 178246889 300x208 Big Data Is Watching Your CustomersLet’s take a peek into one day in the life of Joe Consumer to see how his actions become part of the Internet of Things and the data stream you use to create powerful big data analytics for your company.

After Joe stumbles out of the shower he heads for the kitchen where his coffee pot and dishwasher are connected to their manufacturers. That’s a good thing because the dishwasher is having service issues.

Continue reading »

Print post

04/07
2014

Predictive Analytics: Reading Your Customers’ Minds

Forward-thinking companies like Amazon aren’t just responding to the needs of their customers – they’re anticipating what customers want and providing offers and products based on customer sentiment, transactional trends, and lifecycle status.

shutterstock 100364444 290x300 Predictive Analytics: Reading Your Customers Minds Customers share truckloads of information about themselves – including behavioral, attitudinal, and transactional. Some of this information is shared intentionally through social media sentiment, as well as through survey responses and the like.

But some of the data such as channel behaviors is gleaned without customers’ knowledge. And that makes many consumers uncomfortable about the amount of information that companies have about them and are using to tailor offers and messaging.

Continue reading »

Print post

04/04
2014

BI Wisdom Twitter Chat Recap: Cloud BI

It’s time for a Tweet chat recap that’s all about the cloud, business intelligence and the wisdom of some industry experts including host Howard Dresner.

shutterstock 130367741 300x200 BI Wisdom Twitter Chat Recap: Cloud BIThe topic for the March 28 #BIWisdom chat was cloud BI. There was a lot of back and forth, but we’ll focus on one aspect (actually two related aspects) the risks/benefits of cloud BI.

Interest in Cloud BI Is Growing

Dresner (@howarddresner) says that there’s been an increased interest in cloud BI over the past couple years. In fact, he notes that in 2013, 35% of people believe the cloud “critical” or “very important” compared to 31% in 2012.

Continue reading »

Print post