There are multiple factors that can impact revenue and earnings growth, including changes in the cost of goods, product demand, and variable and fixed business costs. While these factors might be apparent to business leaders who track them day in and day out, it can be challenging to communicate the… Read More →
In today’s hyper-competitive global economy, it’s becoming increasingly difficult for companies to differentiate themselves by price or product. However, one distinction that every company has to its advantage is unique information about its customers that it’s able to act on.
Much of the vast potential associated with big data lies in its ability to allow executives to make better business decisions grounded in quantitative insight rather than past experience or intuition. However, merely handing over reports or spreadsheets, populated with the numerical results of analyses of large volumes of data… Read More →
For companies engaged in research and development (R&D) across different industries, from consumer packaged goods (CPG) to energy, data visualization offers terrific opportunities to identify new products that can be brought to market. It can also reveal advances that can make or break a product’s success. Identify Patterns Data visualization… Read More →
Gerrymandering, the practice of manipulating the boundaries of an electoral constituency to favor one political party, dates back to 1812 when Massachusetts Governor Elbridge Gerry signed into law a redistricting plan that was designed to benefit his political party. In fact, the practice of gerrymandering pre-dates Governor Gerry. In 1788,… Read More →
Approximately 65 percent of people are visual learners. That includes students in a classroom, shoppers in a supermarket, and leaders in your company’s boardroom. The traditional work environment of a data analyst is full of text-heavy reporting and digital results. If you have a group of high performers who are… Read More →
“The purpose of a storyteller is not to tell you how to think, but to give you questions to think upon,” writes Brandon Sanderson, author of “The Way of Kings.” He’s right. When you have a good story, you think; you get inspired to take action. And today we’re going… Read More →
Big data is . . . lots of data from lots of sources. But we already knew that. Big Data Is . . . Mike Urbonas, director of product marketing for Attivio, says that when we focus on how much, we’re missing the point. Big data is really “the variety of information… Read More →
There is no denying corporate profits are increasing. But, economists and business leaders are expressing growing concerns that weak consumer confidence, ongoing layoffs, flat wages, and other economic factors are weakening consumer buying power and will prevent corporate profits from continuing to climb.
The reams of data companies capture about their businesses – combined with the vast volumes of data consumers are generating – can help companies yield insights to create new revenue streams and boost the bottom line. But the technology landscape to exploit big data can be confusing. For example, what is the… Read More →