One of the greatest strengths of predictive analytics is enabling employees, contractors, and business partners across different teams to share data and insights across related projects. This type of successful collaboration has helped fuel impressive production results for TIBCO Spotfire client Kuwait Oil Company.
Spending on cybersecurity is expected to rise this year as a growing number of organizations shift spending from defensive-minded approaches to detection and mitigation of cyberattacks and data breaches. Nearly 70 percent of CIOs expect security spending to represent one of the top segments to gain share of overall IT… Read More →
There are multiple components that factor into pricing decisions – competitors’ prices, product costs, the price that consumers are willing to spend. Monitoring the complexity of pricing variables can become overwhelming for decision-makers at enterprise companies that have hundreds if not thousands of products in their inventories. Business leaders can… Read More →
The recent conflict in Iraq is just one of the variables affecting energy prices in the U.S. Supply and demand, seasonal weather fluctuations, and economic conditions can all influence petroleum, natural gas, and electricity prices. Spikes in energy prices can play havoc for companies in heavy industries such as chemical… Read More →
One of the top challenges accountants face in their efforts to use big data is that much of the data is unstructured, such as the plain text found in the Management’s Discussion and Analysis (MD&A) sections of a company’s 10-Q and 10-K reports. Meanwhile, other data that accountants are increasingly… Read More →
Marketing departments are experiencing ballooning pressure to deliver profits in today’s “Age of the Customer,” where consumers’ tastes and subsequent shopping behaviors evolve as quickly as the online outlets available for them to peruse products and services.
Companies that want to be competitive, productive as well as innovative have to get the right information to the right people in real time. But at the same time, they have to control access to their sensitive business data. With the Spotfire 5.5 enterprise-class data discovery platform companies can secure their… Read More →
Has big data been the victim of too much hype? Has it failed to live up to its promise? Or have businesses asked too much of big data and not given enough? Gartner Inc. says thousands of businesses have tried – but failed – to figure out how big data… Read More →
The role of the data scientist has become more frequently discussed and probed as data analysis tools and techniques continue to grow in popularity. There are numerous descriptions available as to what the role comprises. But essentially a data scientist not only gathers and reports on data but also analyzes… Read More →
Some companies such as Velvet Palate, a web-based seller of hand-crafted wines, are using web and social analytics tools to customize offers for existing customers and prospects. Velvet Palate uses data analysis to identify the websites that customers come from before visiting its website as well as the types of products… Read More →