The recent conflict in Iraq is just one of the variables affecting energy prices in the U.S. Supply and demand, seasonal weather fluctuations, and economic conditions can all influence petroleum, natural gas, and electricity prices. Spikes in energy prices can play havoc for companies in heavy industries such as chemical… Read More →
Companies that are focused on innovation typically have front-end processes in place such as ideation and tech scouting to help bring some structure to these efforts. However, companies often pay scant attention to post-launch innovation efforts to ensure that lessons have been learned and applied and to better align forecast… Read More →
A number of recent research studies reveal that consumer confidence in financial services continues to rise following the fallout from the financial crisis of 2008. In fact, global consumer trust in banks has risen 4 percent since 2009 to 51 percent, according to the 2014 Edelman Trust Barometer. Additionally, a… Read More →
Energy deregulation is leading a growing number of consumers to switch their electricity suppliers. In fact, 6 percent of residential retail electricity customers across eight states have switched providers over the past year. Among those customers who elected to switch, 64 percent cite price as the primary reason they selected a… 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 →
As many analysts are aware, R is a powerful language for statistical analysis and visualization. This open source language has top-notch graphics capabilities while offering the flexibility for users to quickly develop custom analyses and to modify them. It also incorporates standard statistical tests, models, and analyses. These capabilities serve… Read More →
The manufacturing sector is rebounding from a slump prompted by the global recession. In fact, recent reports note that manufacturers are boosting production and building new plants. The Institute for Supply Management reported in April that factories in the United States posted the biggest production increases in March since the… Read More →
One of the greatest strengths of predictive analytics is enabling employees, contractors, and business partners across different teams to share data and insights across related projects. This type of successful collaboration has helped fuel impressive production results for TIBCO Spotfire client Kuwait Oil Company.
Savvy investment managers know the importance of taking downside protection during a bull market like the one that currently exists. However, despite the growing use of data and technology to manage and monitor market and credit risk more effectively, most financial services firms continue to lag in their abilities to use… Read More →
How long is the shelf life of your product? Analyzing the Internet of Things (IOT) can help your company find out. Your business can even figure out how long consumers will clamor for your product before you launch it.