Subscribe

Categories

Add to Technorati Favorites

 Subscribe in a reader

Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Monthly Archives: September 2012

09/13
2012

Big Data Analytics Goes to Work in the Biggest Firms

More than 85% of Fortune 1000 companies have big data initiatives underway, with more than half focusing on gleaning customer insights and bolstering customer experience using big data analytics, according to a new survey from NewVantage Partners.

big data goes to work 150x150 Big Data Analytics Goes to Work in the Biggest FirmsThe consulting firm, which helps companies benefit from big data, surveyed Fortune 1000 C-suite and federal government executives at organizations including American Express, Bank of America, CitiGroup, GE and the Department of Defense to uncover how these firms are wrangling the data stream pouring in from the Web, social networks, devices and other systems using big data analytics.

Continue reading »

Print post

09/12
2012

Going into Battle with Big Data Analytics

Much has been made of the vast potential of big data and big data analytics to help companies battle to keep existing customers, find new ones and more effectively fight off their competitors, but the data explosion also has applications during real wars.

For example, Venture Beat points out that researchers are getting close to being able to predict when a war will break out based on information gleaned from big data analytics.

xdata darpa 660x454 150x150 Going into Battle with Big Data AnalyticsIn 2010, a group of researchers use simple code to extract dates and locations of stop-and-search operations and battles from about 77,000 unclassified reports that are part of the WikiLeaks scandal. This reveals several battlefield hotspots.

This year, the same team of researchers have teamed up with some mathematicians to try to use a prediction model to determine a war zone. Using this approach, the researchers find a general pattern to the locations and intensity of violent outbreaks in Afghanistan.

Continue reading »

Print post

09/11
2012

TIBCO Spotfire Partner, Beeline, Wins Best of BI Editor’s Choice Award

When we found out Computerworld was seeking examples of the “biggest and most fascinating” business decisions enabled by business intelligence (BI) and analytics tools for its BI Best in Class awards, our first thought was to nominate Beeline, a TIBCO Spotfire® partner and leading provider of intelligent workforce solutions.

image TIBCO Spotfire Partner, Beeline, Wins Best of BI Editor’s Choice Award Needless to say we were thrilled when Computerworld announced that Beeline had been named a Best of BI Editor’s Choice Awards honoree for its SmartRate solution.

SmartRate, built on TIBCO Spotfire’s visual analytics platform, helps organizations effectively and quickly analyze the skills and descriptions of more than two million job titles with accurate, intelligent, and effective contingent workforce market rate information.

Continue reading »

Print post

09/10
2012

Big Data Analytics: The Nerve Center of Digital Business

All the digerati buzz about big data and big data analytics may have caused some companies to wonder about the change in business brought on by the significant massive influx of information from the web, mobile devices, sensors and the social web into corporate networks.

software defined network 150x150 Big Data Analytics: The Nerve Center of Digital BusinessO’Reilly Media contributor Edd Dumbill takes a step back from the hoopla to provide an interesting take on where big data fits in the overarching digital landscape.

For anyone still dismissing big data and big data analytics as a phenomenon pertinent only to the web behemoths Amazon, Google and Facebook, Dumbill likens the information technology ecosystem that has transferred paper-based processes like payroll and inventory to the computer as a supporting “digital exoskeleton” within corporate confines.

But big data generated from the web has altered the entire anatomy of information technology within business, he notes.

Continue reading »

Print post

09/07
2012

5 Ways Big Data Analytics Can Help the CMO

“Data should be the oxygen of any marketing and advertising organization,” Michael Kaushansky notes in a recent post about big data analytics on Online Metrics Insider.

With a growing arsenal of customer data available from multiple channels, including the web, mobile, social, chat, email, and voice, as well as powerful analytics and customer strategy tools to draw from, chief marketing officers (CMO) are well positioned to take advantage of big data and big data analytics to do their jobs more effectively, he says.

big data king 150x150 5 Ways Big Data Analytics Can Help the CMOHowever, many marketers are just beginning to scratch the surface while others are struggling to decide how to get started.

Just 37% of company projects make use of, or even request, available market analytics for decision making, according to this blog post from The CMO Survey. Delving a bit further into the use of marketing analytics, The CMO Survey finds that less than half of organizations that evaluate marketing analytics actually use these tools.

Continue reading »

Print post

09/06
2012

How Business Intelligence and Data Analytics Professionals Used Twitter in August

It’s time for a wrap up of how business intelligence and data analytics pros used Twitter in August. Our monthly feature is loaded with a few awards, interesting reads, thoughtful tweets and a few cool things to check out.

Let’s kick off with the awards for these esteemed business intelligence and data analytics pros.

Analytics and BI on Twitter 150x150 How Business Intelligence and Data Analytics Professionals Used Twitter in AugustBest Twitter Handle & Quote 

@mathematicsprof is our Best Twitter Handle of the month. While we can’t locate the name of the dignified PhD, it’s clear his Twitter handle is pretty darn cool. And what do you think of this quote from the professor, “Nowadays statistics, when analyzing online data, i

s apt to be given sexy names like data analytics, data profiling.”

Continue reading »

Print post

09/05
2012

Gooooooal: Soccer Scores with Moneyball and Statistical Analytics

England’s Manchester City Football Club (soccer to those of us in the US) is taking the Moneyball statistical analytics concept made famous by the Oakland A’s baseball team a step further, by releasing detailed data about the team to the public to try to mirror the success the NBA and MLB have had in the US.

Soccer ball and money 150x150 Gooooooal: Soccer Scores with Moneyball and Statistical Analytics“There are many people in the analytics community right now who have the skills, desire and vision to make a difference in the performance analytics space, people who can add significant value such as Bill James did in baseball,” team officials note when announcing the move. “But those people have no significant data to work with.”

While this move is “essentially unprecedented in the soccer world,” it follows the open-source and crowdsourcing trend of making data open to large groups of people to spur innovation, notes the Atlantic magazine.

Continue reading »

Print post

09/04
2012

Business Intelligence: Winning in the Age of the Customer

Business intelligence is rapidly becoming the focus for companies struggling to take advantage of the big data gift horse that’s offering them unprecedented information about how to better gain and retain customers.

Win Win 300x199 Business Intelligence: Winning in the Age of the CustomerAs business intelligence and customer intelligence have risen up the business driver priority list, they’re prompting companies to retool their strategies from focusing on products or services to being squarely customer centric.

This paradigm shift has resulted in the need for a new type of executive – the chief customer officer (CCO) – according to a recent article in Harvard Business Review.

What skills will CCOs need to efficiently lead their companies into this evolving customer-focused era? HBR cites three:

Continue reading »

Print post