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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Category Archives: Business Intelligence Tools

01/11
2012

How the Consumerization of Data Leads to More Quality of Life Improvements

data analytics and quality of life 300x150 How the Consumerization of Data Leads to More Quality of Life ImprovementsIn the second post of our series about how people everywhere can use data and tools to make the world a better place, we told you about the potential of big data to advance important social goals in areas such as disease surveillance, student curricula, and microcredit. Today, we’re going to focus on the ways in which the consumerization of data can help us live better, more productive lives.

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11/14
2011

How ‘Free-Dimensional’ Analytics are Enabling Social Collaboration

spotfire 4.0 BI collaboration dashboard 300x286 How ‘Free Dimensional’ Analytics are Enabling Social Collaboration Stop and think for a moment about why you use business intelligence (BI) tools. OK, time’s up.

There’s only one right answer: to get the right information to the right people at the right time so they can make the right business decisions—and to allow them to share and discuss that information. If they can’t do that then you’ve wasted all that data you’ve collected with those great BI tools.

It’s not enough to generate pages and pages of manual reports that most likely have the answers to at least some of the execs’ questions but don’t organize those answers in a meaningful way. Not only that, but those reports don’t give decision makers the critical, real-time data they need because they’re not updated all that frequently. And they certainly don’t enable decision makers to easily share any of that information.

But there is a solution to all those problems—BI dashboards.

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09/27
2011

Ease-of-Use Key to Consumerization of BI

ease of use BI software1 300x225 Ease of Use Key to Consumerization of BIConventional BI, it seems, has a New Year’s resolution problem. As with eating better and working out more, everyone agrees that BI is a great idea, and resolves to put it to work. But the resolutions don’t last past January, or even past the first week.

According to Gartner Research, even when organizations have standard BI platforms of choice, only 28% of the potential users of these tools are actually employing them. Gartner identifies three main reasons for this non-use: they are hard to use, slow-running, or they don’t produce relevant results.

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08/30
2011

Five More Unconventional Uses of BI Software

Last week’s popular fantasy football post got us thinking about an older post and other non-traditional uses of BI.  When this blog launched two years ago, we looked at five unconventional uses of BI software. For those who wish to travel back in time, here’s the video:

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04/04
2011

The ABCs of KPIs

j04305161 150x150 The ABCs of KPIsA:  What are they?

KPI stands for “Key Performance Indicator” and usually designates a metric providing specific information about actual performance in a mission-critical area.  Some companies use the term KSI (Key Success Indicator) to mean the same thing.

As a rule, a KPI should be:

1. Measurable
2. Clearly related to organizational goals
3. Carefully defined
4. Very important (“key”) to performance/success

Once KPIs have been identified, the relevant information has to be tracked and reported.  KPI information is often displayed in the form of a “scorecard,” which usually shows change over time, or on a “dashboard,” which usually gives a snapshot of performance at a specified time.  A dashboard may show KPIs in a variety of formats, and may display scorecards along with other types of reporting.

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02/17
2011

Resilience and Agility – Brought to You By Analytics

spotfire Resilience and Agility   Brought to You By AnalyticsChoosing between ‘performance management’ and ‘process management’ using analytics data and business intelligence tools is like deciding on a favorite child. You need BOTH, according to Joseph Raynus, who advises organizations on how to measure and manage the always shifting streams of data.  Raynus shared some ideas on creating agility at a Boston meeting of the Association of Business Performance Management Professionals, ABPMP.  The group is part of a national organization for IT and operations professionals exploring both the process and design/measurement of each step in a company or organization culture.

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01/14
2011

How Data Visualization and BI Put An End To Dilbert-Style Meetings

dilbert and data visualization How Data Visualization and BI Put An End To Dilbert Style Meetings According to a study commissioned by Verizon, 91% of professionals admit to daydreaming in meetings, 95% say they miss all or part of meetings, almost 75% say they bring other work to meetings and almost 40% say they have actually dozed off during a meeting. Yet in the same survey, people say the number of meetings is increasing. Is there a better way?

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11/23
2010

From MIT/Sloan “Analytics: The New Path To Value”

MP90041409212 150x150 From MIT/Sloan Analytics: The New Path To ValueIn 2009 alone, the Earth’s inhabitants created more digital data than it previously had up to that point.

The strategies, data analytics and business intelligence tools that help use and decipher our massive store of facts were part of a fascinating webcast from the MIT Sloan Management Review.   A myth that this data stream can be adequately monitored and tamed is as potent as the reality that data is transforming companies. Watch the video and read “Analytics: The New Path to Value.”  The magazine surveyed executives about the state of analytics use  and found a growing gap between industry leaders who are using data to advance and laggards not yet capitalizing.

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08/23
2010

Business Intelligence and Analytics for Speedy Businesses

Zipcar 150x150 Business Intelligence and Analytics for Speedy BusinessesOne might assume business intelligence and analytics are used almost exclusively by large enterprises with volumes and volumes of data collected over decades.  Well, yes.  But that doesn’t preclude smaller, nimble, fast-growing businesses that also need to use business intelligence and analytics to understand customer trends and business operations.

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08/19
2010

Analytics Makes Data (And You) Smarter

Spotfire Silver2 300x227 Analytics Makes Data (And You) SmarterAnalytics software can be a lot like duct tape (only smarter).  There are countless MacGruber-esque ways to quickly save the day using duct tape.   Well, the same is true for TIBCO Silver Spotfire.  It makes data analytics so easy anyone can apply it.  That’s why I signed up for a year-long test-drive of  ‘analytics in the cloud’ using my own data.

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