The effective use of data has emerged from its traditional home in IT to become the basis of competition. Moreover, evolving data analysis means that every part of an organization can now rely on data-driven decision-making to drive operations, according to an article by Ernst & Young.
A common mantra for many analysts is that they don’t get to spend enough time analyzing data to extract vital insights because they simply spend too much time preparing data for analysis.
Shifting market forces are shaking up the retail banking industry from new payment platforms – including those from big players like Amazon – to mobile banking, peer-to-peer lending to regulatory constraints and a persistently tough interest rate climate. Furthermore, banks are under-leveraging their existing customer bases and missing out on… Read More →
By Ian Cook (@ianmcook), Data Scientist, TIBCO Spotfire The world is swimming in data. A vast, open sea of information is everywhere, saturating our everyday lives and shaping the way we make educated business decisions. Now that this year’s Shark Week has just wrapped up, we chomped at the opportunity to take a… Read More →
Historically, when organizational managers and employees have requested BI reports, they’ve turned to IT to generate the information for them. There are a number of problems with this model – the information isn’t as current as it could be and also doesn’t allow managers and employees to dig through the information… Read More →
Perhaps more than any other industry, the viability of schools depends on their ability to measure and manage one key metric: student performance. To add to the pressure to perform, many in the education sector are grappling with measuring the success of their efforts on shrinking budgets, according to a… Read More →
While price is a key consideration for many consumers in selecting their wireless carriers, many high-value and discriminating customers also prefer to be on the leading edge of smartphone innovations. Smartphone manufacturers, wireless carriers, and other industry participants can use analytics and customer data – including point-of-sale, social sentiment, survey,… Read More →
Companies that put data science at the heart of their strategies and operating business landscapes are seeing tangible bottom-line benefits. That’s the conclusion of a new white paper from A.T Kearney and Carnegie Mellon University that details how leading companies are driving innovation through analytics.
Industry leaders at a recent big data conference addressed the fact that a growing number of cities are beginning to buy big data about their municipalities – being mashed up by startup companies – to help city leaders get a better handle on what’s happening in their cities regarding crime rates, poverty,… Read More →
Many companies are laser-focused on how big data can boost their efforts to more effectively market their products and services and meet the needs of customers. But few are focusing on mining the deluge of data inside and outside their networks to predict and avoid various crises. That’s the assertion… Read More →