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Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

04/03
2014

The Economics of Cloud Computing

When exploring the cost benefits of leasing analytics software via the cloud model, there are several factors to examine.

shutterstock 1317023421 150x150 The Economics of Cloud ComputingTime to Market

One of the key consideration for using cloud-based analytics is time to market. Under a cloud model, end users can be up and running within a matter of hours, not months. This can enable targeted users and project teams to act more quickly on time-sensitive market or customer opportunities ahead of competitors.

Each day a company is able to make use of analytics is time the organization has to solve business problems, identify new business opportunities, and optimize operations.

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04/02
2014

Location Analytics: Powerful Visual Metrics to Save Time, Money

What do real estate and big data analytics have in common? While it may sound like the lead-in for a bad joke, the answer is: “Location, location, location!”

Geospatial representation is a complex term for something that’s visually simple. It may look complicated at first, but we intuitively understand what we see faster than what we read.

image242 Location Analytics: Powerful Visual Metrics to Save Time, Money

And in today’s digital age, these statistical representations allow data analysts to review color-coded, segmented, map-based data upon insertion of the data, not upon evaluation of it. And the faster andmore accurately your data analysts can process data, the more efficient and effective they can be.

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04/01
2014

Providing CFOs Context to Apply Big Data

In order to gain funding for big data and analytics projects, IT and business leaders often must gain the approval of the chief financial officer. That can often be a tall order, since other technology investments are increasingly competing for the CFO’s attention.

shutterstock 92821639 300x200 Providing CFOs Context to Apply Big DataEven though investments in business intelligence and analytics remain a high priority for CFOs, business and finance applications continue to gain in importance among financial leaders, according to the 2013 Gartner Financial Executives International CFO Technology Study.

CFOs want compelling business cases to justify investments in big data and big data analytics.

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03/31
2014

Life Is Data: Promoting Social Welfare with Citizen Journalism

The world is changing and that includes how and when people receive their news. With people at events like the 2013 Boston Marathon bombings posting happenings as they occur, it’s possible to find out about world-changing news before it’s reported by mainstream news organizations.

shutterstock 925117991 300x300 Life Is Data: Promoting Social Welfare with Citizen JournalismCitizen journalism is a term that makes some journalists cheer and news producers groan, but it’s here to stay.  And some agencies, governments, and non-profits are using this new trend to their advantages.

I Saw It Happen, or Did I?

While many of the so-called breaking news items end up being false, there have been several world changing events that broke on social media.

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03/28
2014

Data Analytics to Uncover Your Customers’ Cheating Hearts

What do your customers really think about your company, your offerings and your competitors? Are they looking to cheat on you if they receive a great deal on a similar product from another company?

shutterstock 66022606 150x150 Data Analytics to Uncover Your Customers Cheating HeartsIf you want to really know how loyal your customers are you can find out by using big data analytics.

The Information on Social Sites

What information do sites like Facebook have? You’d be surprised. They have knowledge about what purchases your customer base is looking to make in the future and how they make buying decisions. They also know what your market thinks about your competitors.

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03/27
2014

Solving Problems with Data Visualization

It’s an age-old problem in business. A mishap occurs, like a flawed batch of products that are produced due to an as-yet-unknown manufacturing glitch.

shutterstock 4457203 300x225 Solving Problems with Data VisualizationDowntime to analyze and fix the malfunction could take hours or days, depending on the severity of the problem and whether defective manufacturing parts have to be ordered, shipped, and installed.

Collecting the Data & Describing the Problem

Depending on the nature of the business and the items being produced, even a temporary halt in production could cost a manufacturer thousands, perhaps even millions, of dollars. Where do decision makers turn? Data visualization tools are great first steps.

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03/26
2014

Scaling the Analytics Maturity Curve

In a previous post, we explained that to succeed in today’s fast-paced, hyper-competitive market companies must be data-driven. But it’s not enough for companies to simply gather data.

shutterstock 149845736 300x300 Scaling the Analytics Maturity CurveTop-performing companies are able to differentiate and distinguish themselves in the market through their abilities to use the right data at the right time to make immediate decisions and act quickly to achieve operational and/or business success.

Of course, becoming a data-driven organization doesn’t occur in a vacuum. Data and analytics are deeply ingrained in the cultures of companies that consistently outperform their rivals.

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03/25
2014

Analytics Maturity: Separating from the Pack

In today’s competitive environment, companies must better position themselves to act quickly on business opportunities and threats as they deepen their experiences as data-driven organizations.

shutterstock 124937507 300x300 Analytics Maturity: Separating from the Pack This journey to analytics maturity starts with the ability to measure the performance of a company’s business (or at least within specific functional areas) and respond to changes in market and business conditions.

As companies further develop and refine their aptitudes with data and analytics, business leaders are able to become less reactive to changing business and operational conditions.

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03/24
2014

Analytics to Help Mitigate Price Volatility Risk in Manufacturing Supply Chains

Manufacturers consistently face numerous risks related to protecting the operational integrity of their supply chains, including heat and vibration that can impact the operations of plant equipment and production systems to unforeseen glitches such as transportation problems, and natural disasters.

shutterstock 106896005 300x240 Analytics to Help Mitigate Price Volatility Risk in Manufacturing Supply ChainsThese and other issues can adversely affect the abilities of suppliers to deliver raw materials and other vital products manufacturers need to produce products and meet market demands.

Manufacturing leaders know all too well that even the slightest disruptions to their supply chains can have significant impacts on their quarterly profits.

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03/20
2014

Big Data, Financial Services and Consumer Credit

Big data, once relegated to the technology industry, is making its way toward financial institutions looking to make better decisions about consumer loans and credit opportunities.

shutterstock 158046419 300x200 Big Data, Financial Services and Consumer CreditThe end result? Helping financial institutions around the world gather more data, analyze it more effectively, and make decisions more quickly.

Big Data, Big Changes

It’s been business as usual in the banking industry for almost 40 years.

The fundamental process of banking has remained the same despite rapid shifts in consumer technology because banks have continued to use the same formula to make decisions: gather as much data as possible, and ask a series of logical questions about it.

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