Interconnected manufacturing systems and devices powered by the Internet of Things (IoT) is continuing to automate a broad swath of manufacturing activities, linking wired and wireless networks in the development of products to enable smart manufacturing where processes govern themselves and smart systems take corrective action when needed, according to… Read More →
For companies to benefit from mining to find the business insight gems in big data, they certainly need data scientists and analysts, but it is also vital for managers to be well-versed in predictive analytics to bolster the bottom line. Many managers might be reluctant to delve into the world… Read More →
At TIBCO Spotfire, our mission is providing companies, non-profit organizations, government agencies, and other entities with the ability to capture the right information at the right time and act on it proactively to gain competitive advantage. Occasionally, the success that’s achieved by our clients is recognized by the industry. This… Read More →
Next best action marketing has gained a great deal of momentum in recent years. That’s because companies are increasingly focused on gathering, analyzing, and acting on insights for appropriate actions to take with individual customers. For instance, let’s say a bank customer applies for a new credit card. Bank officials… Read More →
When it comes to innovation, people often think of ground-breaking innovation like Post-It Notes and laser surgery. But most companies would welcome a series of small innovations that deliver measurable impact on operations or business performance over time. Case in point: To help keep excitement and demand high for Beanie Babies in… Read More →
While the potential of analytics to bolster the bottom line for business has been buoyed by the publicity of the growing volume and variety of data flooding many corporate networks, just about any industry can benefit from analyzing data sources already in place.
Low interest rates, higher capital requirements, and moribund customer spending continue to put the squeeze on bank profitability. One effective way for bankers to respond to these challenges and improve profitability is by using customer data and predictive analytics to identify customers and prospects who are most likely to generate… Read More →
Energy output – and global demand for energy – continues to change dramatically on an international scale. In 2013, U.S. crude oil production rose to its highest level in a quarter century as shale drilling has pushed U.S. output to its fastest pace on record, according to the Energy Information… Read More →
Rising regulatory pressures. A sluggish economy. Heightened competition from new market entrants. These are just a few of the challenges companies in the financial services industry are facing today.
While predicting the ups and downs of capricious financial markets may be next to impossible, financial services companies can tap analytics to confidently predict customer behavior to outperform their competitors.