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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Monthly Archives: April 2011

04/29
2011

How BI and Data Analytics Professionals Used Twitter in April

twitter follow friday223 150x150 How BI and Data Analytics Professionals Used Twitter in AprilMobile BI was all the rage on Twitter this month. With Andreas Bitterer (a former #FF on this blog) discussing the consumerization of Business Intelligence to a new study from Howard Dresner (another former #FF), it’s clear that mobile BI is hot and happening.

The hottest article on mobile BI this month comes from Wayne Eckerson, president of BI Leader Consulting and director of research at TechTarget. Wayne makes our list this month for his highly Tweeted worldview on the “Who and What of Mobile BI.” His April 26 post on his Wayne’s World blog gives an in-depth look at the actual titles and functions needing access to mobile BI data.

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04/27
2011

New Degree Programs Help Meet the Demand for Analytic Talent

degree programs New Degree Programs Help Meet the Demand for Analytic TalentAccording to the U.S. Bureau of Labor Statistics, the demand for people with analytics skills and expertise is growing much faster than other occupations. BLS forecasts more than 20 percent growth in demand for mathematicians, operations research analysts and management analysts across all industries. To help provide the educational background needed for many of these roles, colleges and universities are introducing new degree and certificate programs focused on data mining, data analytics and business intelligence. Below are a few examples:

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04/26
2011

The ABCs of Data Quality

data quality 300x225 The ABCs of Data QualityA:  What is it?

Fundamentally, “data quality” refers to the reliability and value of data in terms of the purpose for which it is being used.  For some uses, data can be approximate, inconsistent, and even inaccurate, but still serve its purpose effectively.  For other uses, data must be absolutely pristine—clean, consistent, and perfectly formatted—in order to have value.  Every organization should identify the level(s) of data quality it actually needs, and commit to maintaining that level.

Data quality is a broad concept that breaks out into several key components.  Among the most important:

  1. Correctness:  How well does the data correlate with the reality it represents?
  2. Suitability:  Is the data appropriate for its potential uses?
  3. Consistency:  Are the same facts represented the same way throughout the data aggregate?
  4. Cleanness:  Is the data aggregate free of inaccurate or outdated data, duplicated data, etc.?

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04/25
2011

Six New Data Visualizations That Persuade

Last year, we presented how data-driven visualizations or infographics can be used to persuade an audience in a matter of seconds. In this post, we’ve found six new infographics meant to make the case for persuading using mucho data. Enjoy!

1) The Social Media Class of 2011

socialmediaclassof2011 Six New Data Visualizations That Persuade

See full infographic here.

Need persuasive data to add or start using a social network for your business? Start with this infographic on the Social Media Class of 2011. It compares the major social media sites to the high school stereotypes and includes what clubs these classmates would have been in. It also gives a quote for each senior. Remember that? If nothing else, this hysterical infographic will be a great conversation starter at your next meeting. After all, all the cool kids will be there.

Image created by Flowtown

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Filed under: Data Visualization

04/22
2011

Earth Day: How Green BI has Become a Reality

Earth Day Green BI Earth Day: How Green BI has Become a RealityNearly 74 percent of companies said that green IT initiatives are important in considering IT services, according to a report from CompTIA, a non-profit trade association for the IT industry.

The Second Annual Green IT Insights and Opportunities study reveals that IT companies are considering power management or the potential to save on energy costs to be the prime driver of green IT initiatives. Additionally, more than half of the companies surveyed “look to IT companies for a variety of green solutions.”

We think Green IT makes sense both environmentally and financially. And we’re doing our part to reduce carbon footprints and energy waste with a “green BI” concept. In celebration of Earth Day and Spotfire’s commitment to environmental protection and sustainability, let’s explore how green BI can help your company.

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Filed under: BI in the Cloud, Green BI

04/21
2011

Executive Analytics: The Path To Success

executive analytics Executive Analytics: The Path To SuccessAs they begin to examine how decisions get made in their organizations, executives are increasingly adopting a more evidence-based and data-driven approach to decision making. As they assess the impact of past decisions made with incomplete or inaccurate information, executives are recognizing the need for a methodology and toolset to support decision making, This is the one of the driving forces behind the adoption of data analytic and business intelligence tools and methodologies in business units, which will ultimately converge into an enterprise-wide strategy. These findings from The ABC’s of Executive Analytics from the Aberdeen Group, confirm the conclusions of other research we’ve recently discussed in our blog.

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Filed under: Business Intelligence

04/20
2011

Five Ways Best-In-Class Organizations Excel at Business Intelligence

MP9004067741 150x150 Five Ways Best In Class Organizations Excel at Business IntelligenceA new report from the Aberdeen Group finds that more than half of business intelligence projects are delivered late and that many companies struggle to deliver the right information to the right person at the right time, despite having several years of experience working with business intelligence. The report, based on data collected from 170 organizations using business intelligence in February and March 2011, reveals five primary areas where best-in-class organizations excel compared to others.

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04/19
2011

2 More Hot Trends in Business Intelligence

Marcus Borba 1 2 More Hot Trends in Business IntelligenceThis is a guest blog post by Marcus Borba (@marcusborba), the founder of Borba Consulting, a Business Intelligence and Performance Management consultancy located in Brazil. Marcus  has over 10 years of experience providing consulting services to designing and implementing business intelligence and performance management solutions. He also writes a blog called Business Intelligence News.

In Part One of this update we revisited the 7 Hot Trends in Business Intelligence. In addition to these trends, the terms “self-service” and “open source” are being seen a lot these days in discussions of business intelligence.  To complete the trends update, we’ll take a look at these concepts and where they are headed.

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04/18
2011

Running the Boston Marathon with Real-Time Data Analytics

real time analytics and boston marathon 300x244 Running the Boston Marathon with Real Time Data Analytics Today, more than 26,000 entrants from 90 countries and 50 states are competing for an $806,000 prize purse in the 115th Boston Marathon.

While the prize pot and the class of athletes is impressive, what’s even more notable is the real-time radio-frequency identification (RFID) chips runners will wear in their race bibs for the first time in race history.

From 1996 through 2010, the runners were required to wear the timing device on their footwear, according to Michiana Timing’s blog, a timing and event services company. The new bib clips are used to accurately alert judges and family and friends of a runner’s progress.

The following video gives an in-depth look (from 2010) at the technology behind the Boston Athletic Association’s preparation for this massive race.

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Filed under: Data Analytics

04/15
2011

7 Hot Trends in Business Intelligence (An Update)

MarcusBorba 150x150 7 Hot Trends in Business Intelligence (An Update)This is a guest blog post by Marcus Borba (@marcusborba), the founder of Borba Consulting, a Business Intelligence and Performance Management consultancy located in Brazil. Marcus  has over 10 years of experience providing consulting services to designing and implementing business intelligence and performance management solutions. He also writes a blog called Business Intelligence News.

Since my last post on trends in Business Intelligence, the landscape has continued to change—and even faster.   Here’s an update on progress in the seven categories discussed last time.

  • Mobile BI.  What’s new? Improved functionality and lower pricing for smartphones and tablets has led to continuing growth in the number of mobile data consumers.  In turn, anytime/anywhere access to decision support and operational updates is demonstrating the value of BI.  This virtuous circle is rapidly turning the long-predicted promise of Mobile BI into a reality.  Insight: Get an overview of the Mobile BI landscape from analyst Boris Evelson.

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