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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Monthly Archives: September 2010

09/29
2010

The Future of Data and Analytics – Bigger and Faster

informationweek full issue august 9 2010 47684 The Future of Data and Analytics   Bigger and FasterWhen you’re talking about bytes, mega is “so yesterday” and peta is quickly going the way of “kilo.” More is better in lots of ways but in forecasting the impact on data analytics and business intelligence, you’ll find the units of measure just keep getting bigger. Instead of terabytes in your data warehouse, get ready for exabytes (1 billion gigabytes) or yottabytes (one quadrillion gigabytes). No wonder Information Week devoted a recent cover story to “Big and Fast” – the need for getting insights from huge data sets with ever-increasing speed and accuracy.

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09/28
2010

Use Data Analytics for a Deep View Of Your Day

A time for a cup of coffee 150x150 Use Data Analytics for a Deep View Of Your DayDo you really know how you spend your work day?  You might be surprised if you analyze your time, the same way you gain insights from data analytics applied to your files. Gina Trapani’s famed productivity blog, Lifehacker, rated the five best time tracking applications and selected Klok (free and usable on all platforms) as the winner.

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Filed under: Data Analytics

09/27
2010

Data Analytics – Three Ways to Prove the Business Value through Visualization

j03879386 150x150 Data Analytics – Three Ways to Prove the Business Value through VisualizationAll businesses have the “cup runneth over” problem with data. That’s been one of the major problems in convincing the business side of the house the value of data analytics in decision-making.

As Marik Brockman and Jamie Yoder of Diamond Management & Technology Consultants wrote in a recent post, IT executives can produce spreadsheets, graphs presentations until they turn blue in the face. It appears that the amount, type and even data structure don’t matter to the business suite. It really goes back to visually presenting “immediately relevant and actionable” data.

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09/24
2010

How to Use Data Analytics to Get a Perfect Credit Score

Credit Score 200x300 How to Use Data Analytics to Get a Perfect Credit ScoreData analytics can help you with the most analyzed and fretted over piece of data, your credit score.  This score is a key ingredient, but hardly the only measure, of your ability to get loans at low interest rates. Like the 300 game in bowling, or poker’s elusive Royal Flush, only the best FICO score will bring piece of mind for the score-obsessed. These are the folks who analyze their score regularly and try some unusual tactics for gaining points and building credit.  Money magazine explains that reaching this financial Nirvana — the epic 850 score — is both science AND an art.

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Filed under: Data Analytics

09/23
2010

How to Improve Data Visualization at Your Company?

This is a guest blog post by Tony Rose, president of Support Analytics, a data analysis and visualization consultancy.  When he is not working, @Tony can be found writing about data analysis on the Support Analytics Blog, enjoying a fine wine or hitting the golf course.

Tony Rose How to Improve Data Visualization at Your Company? Even just a few years ago, many people in the corporate world would probably have said that the biggest challenge around analytics and data visualization was the lack of good data.  What I have found through working with clients is that the issue of clean or available data is becoming less and less of an issue.  Now, with an abundance of data readily available at our fingertips, the question is, what do we do with it?  How can companies put their analytics to work utilizing all of this data?

In my experience, the two ways most companies could improve data visualization and business analytics are:

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09/22
2010

Mobile Business Intelligence – Real-Time Data is Key

mobile analytics Mobile Business Intelligence   Real Time Data is KeyThe mobile business intelligence app is growing in popularity as one of the many types of  tools helping mobile workers do their jobs.  But it’s not the reports they’re using – it’s real-time data, says one report from Ann Hall in her article Do BI Vendors Need to Think Niche for Mobile Apps?

There’s also a very interesting question thread over at LinkedIn on this topic. The topic is centered on what mobile applications are good for business.

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Filed under: Mobile BI, Sales Analytics

09/20
2010

Driving With Data Analytics and myGarmin

090629 GarminSuzuki hmed 1149ai.grid 6x2 300x212 Driving With Data Analytics and myGarminData analytics makes you look smarter.  And who doesn’t want to look smarter … like when you uncover a shortcut, a secret route or a better way.

My recent blog post on analytics and intelligence in cars and traffic didn’t prepare us for the latest digital assistant from Garmin. Its newest GPS device, the Nuvi 3700, not only recognizes patterns from your driving but can also compare information from other networked devices when you use a system called myGarmin.

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09/16
2010

SaaS Business Intelligence Solves the Data Silo Problem

200px Zipcar DC 4996 03 2009 150x133  SaaS Business Intelligence Solves the Data Silo Problem Business Intelligence is recognized for its business value. But according to a recent survey from Deloitte Consulting, about 30 percent of executives say either their companies don’t have data analytics capabilities or they don’t use what they already have.

Bureaucracy Still Rules
The survey, originally reported by Ericka Chickowski in this article, points to distributed data as the lead problem in either no solution or no use of a BI product. Fifty-two percent of the survey respondents said they couldn’t get the data needed to make information-backed decisions because the data is trapped in siloed departments and these groups have limited interaction.

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09/15
2010

BICC Can Spread Analytics Throughout the Enterprise

Howard Dresner 6 18 2009 BICC Can Spread Analytics Throughout the EnterpriseLong-time business intelligence analyst Howard Dresner advises companies on deploying high-performing improvement strategies.  An approach he champions is the Business Intelligence Competency Center (BICC) to deliver a standard, consistent and repeatable model to company-wide resources.  Like other competencies – human resources, travel planning or logistics – analytics can deliver better results when the team approach develops expertise and recycles that knowledge.  Find out more about the benefits of a BICC and how to create this diverse, multi-discplinary team at www.bettermanagement.com.   By centralizing the work, best practices emerge with specific tasks and processes for researching and sharing results.

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09/13
2010

Analytics Teach Lessons at Casinos Worldwide

MR900316465 Analytics Teach Lessons at Casinos WorldwideHarrah’s Entertainment is respected and renowned for using analytics and data mining throughout its global operations.  Armed with current information, and deeper insights into customer patterns and habits, the company develops new services and even finds new markets to innovate and ‘future-proof’ the business.  Sure, it helps that the CEO — Dr. Gary Loveman — is a former professor from Harvard Business School, who often gives conference keynotes on the critical role of real-time data and personalization.  Oh, and Harrah’s runs dozens of casinos and entertainment facilities if you haven’t already given back some of your last paycheck.

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Filed under: Business Analytics