Many IT and business leaders recognize the operational and business value that the use of big data and analytics can deliver to their organizations. Still, executives often wonder how effectively their organizations are utilizing big data compared to other companies and whether other businesses are encountering similar challenges gathering and… Read More →
The potential for insurers to tap big data with analytics has never been greater. However, insurers must adapt to the organizational and technology requirements that come with adding new data sources to their arsenals to minimize risk and bolster profits.
While companies may be accustomed to formulating analytics questions revolving around past performance, to get the most of out of big data, queries should link tactical and strategic-level objectives. That’s the advice that John Lucker, principal and global advanced analytics modeling leader at Deloitte, points out in a recent TechRepublic… Read More →
Given that most companies are doubling the amount of data stored every two years, the expense and risk of tapping that data to uncover actionable business insights can be daunting to some firms. But, those companies that successfully adopt data-smart cultures can reap returns to the bottom line that trump… Read More →
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 →