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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Monthly Archives: June 2010

06/30
2010

Business Intelligence Futures

j04414282 150x150 Business Intelligence FuturesEvery one should read this very detailed and interesting piece of research from a May 2010 Bloomberg Businessweek Research Service survey.  This survey focused on Business Intelligence and the post 2008 market crash technology. The managers and senior executives of medium and large companies predict massive changes in the next 12 months, including:

  • 38% of respondents indicated that business intelligence and analytic tools were a priority and this was the highest priority among IT tools planning
  • 21% plan to improve the quality of financial and accounting tools software
  • 20% said compliance and risk mitigation software tools were a priority.

What are your business intelligence priorities for the next 12 months?

Spotfire Blogging Team

Image Credit: Mircrosoft Office Clip Art

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Filed under: Business Intelligence

06/28
2010

Intro to Predictive Analytics

j04018285 150x150 Intro to Predictive AnalyticsIt may seem like analytics may be anything to anyone, afterall, a quick scan of the “types” of analytics include enterprise analytics, business analytics, and financial analytics, just to name a few.   Many analytics applications use a similar analytics engine, but are customized for look-and-feel and use-specific factors. 

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Filed under: Business Analytics

06/24
2010

Headline News? That is So Yesterday Without Analytics

j04431607 150x150 Headline News? That is So Yesterday Without AnalyticsMaking news these days is everyone’s job, so there is more content the Web than anyone can keep pace reading.  Understanding?  That’s over-rated.  We could even outsource the job to text analytics – Faster than a speeding cursor, more powerful than a filtered RSS feed.  But maybe even THAT superhero of business intelligence could use some back-up.

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Filed under: Business Intelligence

06/23
2010

Analytics for Every Action

j04094903 150x150 Analytics for Every ActionWhat did you do?  Why?  Can you explain it?  And will you do the same thing again?  While you’re pondering all those questions, the chances are good that a company using Spotfire analytics has the answers.

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06/22
2010

Data Visualization a Big Winner in Knight Challenge

j04331183 150x150 Data Visualization a Big Winner in Knight ChallengeData viz has an established role in business—but these days it’s also gaining traction in the realm of public service.  Proof:  The prestigious Knight News Challenge, an annual competition that funds innovative ideas for spreading news and information in communities, has awarded two of its twelve prizes to data visualization projects.

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06/18
2010

Words at Work: Defining “Business Analytics”

j04414281 150x150 Words at Work:  Defining Business AnalyticsWhen someone mentions “business analytics” or “business intelligence”—do they mean what you mean?  Same question for “data analytics,” “data mining,” “business analysis,” and similar references.

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06/17
2010

You Don’t Need a Golden Ticket to Win With Analytics

New Image1 150x150 You Dont Need a Golden Ticket to Win With AnalyticsInter-league baseball offers a good excuse for another example of analytics from the wide world of sports (and entertainment) where tickets, pricing and schedules have been a complex science for years. Teams set prices long before the season begins and often can’t adjust pricing to either fill empty seats or get a premium for top performance. That is changing, however.

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Filed under: Business Intelligence

06/16
2010

The Algorithms and Analytics On The Bus Go Round-And-Round

New Image The Algorithms and Analytics On The Bus Go Round And RoundSo, it doesn’t quite have the breezy rhyme of the children’s song, but Boston’s transit agency is more concerned by making bus passengers happy.  After the schedule data for five bus routes were made available this year, application developers started building text-message alerts, Twitter feeds and other tools to notify commuters about traffic or service delays.  The apps were built so quickly the Massachusetts Bay Transportation Authority decided to release all its bus schedule data and use some advanced real-time systems for analyzing andforecasting when your bus will arrive.

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Filed under: Business Analytics

06/15
2010

The Rise of Business Analytics

MC900434859 150x150 The Rise of Business AnalyticsExcellent question poised in a June 9 NetworkWorld.com article by the President of IT and Management at Babson College - “What Does Business Analytics Mean?”  This new blog at NetworkWorld.com is entitled “Masters of Business Analytics” and early returns from our team indicate that this is a good one to watch.  If you are interested in Business Analytics, you will want to bookmark this site.

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06/14
2010

InnoCentive Makes a Place for Oil Spill Ideas

New Image 150x150 InnoCentive Makes a Place for Oil Spill IdeasInnoCentive has been around for almost a decade.  Until recently, though, few people had heard of this global web community, which connects “Seekers” (companies that need solutions) with a pool of 200,000+ registered “Solvers” (people who come up with ideas).  Anyone can register as a Solver, receive notification of challenges, and compete for cash awards offered by Seekers.  But since the typical challenges are highly technical and/or analytical, InnoCentive hasn’t attracted a lot of popular attention.

Then came the Deepwater Horizon spill.  Over the past few weeks, that crisis has raised concerns about the economy and ecology of the Gulf of Mexico, along with new questions about big business and government regulation.  One more outcome:  People are realizing that it can be very difficult to solve complex engineering problems.

There’s also a growing recognition that the technology solutions we rely on may not be as sturdy as most of us assumed.  British Petroleum admits they were not prepared for such an extreme situation, which raises the question . . . what might happen next, in some other industry?  There may be big problems in the making today that have will have no ready answers if or when they occur.

So the media is suddenly taking an interest in how innovative solutions can be identified and implemented—fast.  Hear from InnoCentive CEO Dwayne Spradlin in interviews on Hardball with Chris Matthews and Wake Up with Al Roker.  And visit the InnoCentive blog to find out about the Emergency 2.0 Pavilion, which offers a new kind of space for people with ideas to respond in crisis situations.

Cynthia Giles
Spotfire Blogging Team

Image Credit: Microsoft Office Clip Art

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Filed under: Unconventional Uses