Customer surveys and focus groups can help organizational leaders better understand their customers’ needs and preferences. However, the responses offered by customers in these forums can often be biased as a result of how the survey questions are couched or how the respondents believe the questions should be answered.
Organizational leaders who make decisions based on pockets of business data don’t get a 360-degree view of operating conditions. This lack can lead them to take actions that aren’t completely informed, resulting in lowered accuracy in projected business or operational outcomes.
When it comes to the performance of their working capital, companies aren’t making much progress. In fact, in 2013, the three components of working capital – receivables, payables, and inventory – showed scant change from 2012. That’s according to the 2014 CFO/REL Scorecard that evaluated results from 997 non-financial US companies.
Retailers are constantly looking for the right opportunities to combine, cross-sell or upsell products or services to consumers so as to maximize revenue lift. However, the probability for success rises dramatically when retail leaders are able to target those combinations of products that consumers are most likely to purchase based… Read More →
By Lou Bajuk-Yorgan (@LouBajuk) Director, Product Management Spotfire, TIBCO Software In recent years, millions of statisticians and data scientists have flocked to using the R language for computational statistics, visualization, and data science. While there are a number of adaptations of the open source R language, it’s important to recognize that not… 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.
Spending on cybersecurity is expected to rise this year as a growing number of organizations shift spending from defensive-minded approaches to detection and mitigation of cyberattacks and data breaches. Nearly 70 percent of CIOs expect security spending to represent one of the top segments to gain share of overall IT… Read More →
Companies that use analytics to bolster their customer service operations realize better results when it comes to customer satisfaction, operational efficiency and financial performance compared to their counterparts that do not use analytics this way. That’s according to a recent research report from Aberdeen Group that surveyed 233 organizations about their… Read More →
Seventy percent of the companies that were listed on the Fortune 1000 just 10 years ago have disappeared. The reason? They’re victims of change – casualties of the digital disruption as well as their inabilities to anticipate and mitigate risk, says Forrester VP and Principal Analyst Craig Le Clair. But… Read More →
Spotfire® has been recognized as a “Leader” among 16 vendors in The Forrester Wave: Agile Business Intelligence Platforms, Q3 2014 by Boris Evelson with Holger Kisker, Ph.D., Martha Bennett, and Nasry Angel. Spotfire was distinguished in the report, with the highest ranked “Current Offering,” among the field of 16 vendors. In this… Read More →