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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Category Archives: Advanced Analytics

03/25
2014

Analytics Maturity: Separating from the Pack

In today’s competitive environment, companies must better position themselves to act quickly on business opportunities and threats as they deepen their experiences as data-driven organizations.

shutterstock 124937507 300x300 Analytics Maturity: Separating from the Pack This journey to analytics maturity starts with the ability to measure the performance of a company’s business (or at least within specific functional areas) and respond to changes in market and business conditions.

As companies further develop and refine their aptitudes with data and analytics, business leaders are able to become less reactive to changing business and operational conditions.

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02/06
2014

Evolving to the Analytics of Things

The Internet of Things – where sensors and other devices are interconnected to one another – continues to garner attention from researchers, industry leaders, and practitioners.

internet of things 1 300x245 Evolving to the Analytics of ThingsBiometrics Research Group Inc. forecasts that the Internet of Things will skyrocket from two billion connected devices today to nine billion connected devices by 2018.

And Google appears to be making a “land grab” for the Internet of Things through its recent acquisitions of robotics companies including Boston Dynamics, Nest, and DeepMind, which could be used to support a network of artificial intelligence-driven robots and other devices that could be used to improve transportation, manufacturing, and other aspects of day-to-day life.

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11/20
2013

Outperform Rivals with Advanced Analytics

There is no dearth of fanfare surrounding the potential for big data to allow companies to gain better insight into their customers, markets and operations.

shutterstock 22017652 300x225 Outperform Rivals with Advanced Analytics But there has been less evidence of the potential return on investment for companies that have embraced advanced analytics.

A recent Bain & Co. study, however, has tackled that issue by surveying more than 400 large companies. The study finds that the companies with the most advanced analytics capabilities are outperforming competitors by wide margins.

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11/07
2013

You Say You Want A [Big Data] Revolution? But Is Your C-suite ready?

The vast potential offered by combining user-generated data from social networks and information from sensors and transactional data traditionally housed in databases has prompted the moniker “Big Data Revolution” to be bandied about in the media.

shutterstock 157721678 300x219 You Say You Want A [Big Data] Revolution? But Is Your C suite ready?Booz & Co. notes in a recent Forbes blog post that companies should educate themselves about big data through a lens focused on the technological revolutions of the past.

Just as with the advent of the availability of transactional data in the 1980s and the rise of the Internet, executives maneuvering to corral insight into big data should learn from lessons of these past paradigm shifts.

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08/21
2013

Analytics: Catering to the ‘Business Champion’

Just as every company has customers with unique needs and interests, there are also different classes of analytics users, each with its own set of needs and objectives.

shutterstock 90782123 273x300 Analytics: Catering to the Business ChampionFor instance, a simple dashboard approach may appeal to senior executives who are interested in receiving timely updates on key performance indicators (KPIs). But line of business leaders and data scientists who are in the trenches typically require more industrial-strength capabilities from analytics.

These include the ability to understand the cause and effect behind a performance issue in order to identify the source of a particular business challenge (e.g., a sudden drop in customer satisfaction scores for a specific customer segment) and then be able to act quickly to address that issue. Often, the most effective way to manage is by exception.

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07/22
2013

Winning in Pharmaceutical Emerging Markets with Analytics

Over the next five years, two-thirds of pharmaceutical sales growth will come from emerging markets. While this presents enormous potential, how can organizations compete to capture new opportunities? It all comes down to the data..

This infographic lays it all out.  Click anywhere on the image for a larger view.

Tibco Spotfire v 5b.fw  e1374503655153 Winning in Pharmaceutical Emerging Markets with Analytics

 

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06/26
2013

Data Analysis to Fuel Business Growth

As companies search for new areas of growth post-recession, emerging markets and demographic shifts – once thought to be hot spots for business expansion – likely will not be enough for many companies to bolster the bottom line.

images4 Data Analysis to Fuel Business GrowthThat’s according to a new research summary from Accenture that finds that growth is more likely to come for the companies that can effectively target and respond to variable consumer behavior.

Accenture has also analyzed 20 of the industries and sectors – including fair trade goods, video on demand and low-cost airlines – that are associated with targeting consumer behaviors, according to its survey of 10,000 online consumers in 10 countries.

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03/19
2013

Spotfire 5.5 Release Addresses Growing Market Trends

Companies that want to be competitive, productive as well as innovative have to get the right information to the right people in real time. But at the same time, they have to control access to their sensitive business data.

business intelligence foto Spotfire 5.5 Release Addresses Growing Market TrendsWith the Spotfire 5.5 enterprise-class data discovery platform companies can secure their corporate assets, and provide instant self-service analytics to support the competitive, agile organization.

In our upcoming blog posts, we’ll delve into the major issues companies are facing accessing data – especially unstructured data – from different data sources.

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03/06
2013

Making Better Decisions with Big Data

Big data may be all the rage. But if the quality and integrity of the data that’s collected and used from structured and unstructured data sources is suspect, then business leaders won’t be properly armed with the insights they need to make well-informed decisions.

datainsights Making Better Decisions with Big DataWhen business leaders can access company performance data faster, react more nimbly to business events, and be more accurate in their decision making than their competitors, “then your company can begin to distinguish itself in the marketplace,” notes Aberdeen Group researcher Nathaniel Rowe in a recent report about gaining accurate information from big data.

According to Aberdeen’s survey of 125 organizations, 56% of best-in-class organizations, or the top 20% of aggregate performance scorers, report they’re using faster, more complex analytics to gain a competitive advantage over their peers.

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02/28
2013

5 Areas Where Predictive Analytics Can Help Insurance Firms

The insurance industry’s past success has been due, in part, to its cautious and risk-averse nature. But to succeed in the future, insurance companies have to adopt new technologies like predictive analytics, according to a blog post by Joe McKendrick in Insurance Networking News.

image topper insurance 5 Areas Where Predictive Analytics Can Help Insurance FirmsIn the post, McKendrick points to a paper written by Deloitte’s Howard Mills that makes a strong business case for advanced or predictive analytics within insurance organizations.

Mills’ opinion is that predictive analytics will help insurance companies better understand future threats and opportunities. And Mills believes that insurance companies will be more successful by embedding analytics into their business processes, McKendrick explains.

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