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ATM Replenishment: Forecasting and Optimization

January 25, 2015 by Michael Gilliland

ATM.

ATM replenishment is a perfect example of combining two areas of advanced analytics, forecasting and optimization. For DBS Bank, the first step was to understand withdrawal activity. Withdrawal rate is impacted by many factors, such as location, day of week, day of month, and time of day, and can be dramatically impacted by holidays or other special events.[read more]

Business Analytics Error: Learn from Uber’s Mistake During the Sydney Terror Attack

January 24, 2015 by RK Paleru

Uber.

Recently, as a sad day of terror ended in Sydney, a bad case of Uber’s analytical approach to pricing came to light - an “algorithm based price surge.” Uber’s algorithm driven price surge started overcharging people fleeing the Central Business District (CBD) of Sydney following the terror attack.[read more]

Hybrid Cloud: You Don’t Have to Go All In

January 23, 2015 by Kyle Cebull

Hybrid cloud.

If you have a powerful application that isn’t browser based, but want to be able to access it from anywhere, finding a provider to host your application could be your first step. You can still retain your onsite server and get the flexibility that comes with cloud access for your employees and your applications. This solution embraces onsite hardware while providing the access that remote employees need.[read more]

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Revealed! 4 Key Big Data Jobs and How Much They Pay

January 20, 2015 by Bernard Marr

The Big Data Guru column.

There are lots of roles that involve working with analytics and big data, and people doing these jobs give themselves many different names. If you want to be employed working with data, searching the job sites will yield many possible roles – data engineer, information architect, data analyst – and the distinction is not always clear.[read more]

Analytics Capability Landscape: The Importance of Decisions

January 23, 2015 by James Taylor

Analytics.

As part of my recently completed research on the analytic capability landscape, we did an interesting straw poll. We asked those attending a webinar on the topic which of these was the business goal for their analytic efforts today and how did they see that changing in the next 12-24 months.[read more]

Can Enterprise IT Borrow from Lean Startup Thinking?

January 23, 2015 by James MacLennan

Eric Ries.

The enterprise shift to “consumerization” is more than just the desire to use my iPhone and upset my work-life balance. It’s something akin to instant gratification – people have ideas about how information can augment, automate, and transform how they transact business, connect with customers, and comprehend the activity that surrounds them.[read more]

Data Mining Interview: Dr. A. Fazel Famili

January 22, 2015 by Sandro Saitta

Dr. A. Fazel Famili.

In the early days of data mining work, especially applied data mining projects, our challenge was to educate owners of data what data mining was, what would be the advantages of companies opening the door and providing us with their data and access to real-world data.[read more]

Actuate and OpenText: The Background and Potential Future

January 22, 2015 by Tony Cosentino

Types of big data for analytics.

Actuate’s foundational asset is BIRT (Business Intelligence and Reporting Tools) and its developer community. With more than 3.5 million developers and 13.5 million downloads, the BIRT developer environment is used in a variety of companies on a global basis. The BIRT community includes Java developers as well as sophisticated business intelligence design professionals, which I discussed in my outline of analytics personas.[read more]

What Is CRM? A Holistic Approach to Customer Relationship Mangement

January 22, 2015 by Martin Doyle
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What is CRM?

In a recent blog article by Salesforce, they explain what a CRM system is and the impact of using a CRM system can have on businesses. “CRM helps organizations be more effective and efficient in their day-to-day tasks and assists them in reaching long-term business objectives and goals."[read more]

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Using Big Data to Boost Your Business

January 21, 2015 by Rick Delgado

Big data.

These are just a few of the ways big data can benefit your business. Even if you’re a small business, the benefits of big data can be gained through open source software, analytical startups, and cloud computing vendors. With these resources, you can go beyond what is cloud computing and big data and jump straight to the benefits.[read more]

Where to Go to Learn About Network Security

January 21, 2015 by MIKE20 Governance Association

Network security.

The one thought on seemingly every business’s mind is network security. This is understandable given the damaging attacks launched on companies like Home Depot, Target, and Sony in the past year-and-a-half or so. After seeing the effects of data breaches involving large corporations, businesses are taking their security more seriously now than ever before, and many are quickly realizing it’s far from an easy task.[read more]

Are Your Business Applications Unnecessarily Complex?

January 21, 2015 by Timo Elliott

Make it simple.

Some business application vendors have tried to provide better analytics for business applications by adding another layer of in-memory processing — making the system even MORE complex. It’s time to get rid of the unnatural separation of transactions and analytics, and time to stop unnecessarily storing endless duplicates of core data: the future of business application is simple.[read more]

The Indispensable Guide to Chart Design and Data Visualization [PART 1]

January 20, 2015 by Mark Ledwich

Chart design.

The purpose of this post is to provide a comprehensive visual cheat sheet for deciding which chart type to use and why. The visualizations that you ultimately choose should show the information in a clear way that can lead to action on the data. That's the whole point of business intelligence.[read more]

Business Intelligence Is the Key [INFOGRAPHIC]

January 20, 2015 by Sam Hudgins

Business intellegence.

Knowledge is the new frontier and those ahead of the game are the true leaders in the world today. Having an edge on the competition or involving a new process into the daily workflow are some of the keys to success in our age of information. With data being such a precious commodity, we should all find best practices on how to create, manage and disperse this knowledge.[read more]

Free Data Sources to Upgrade Your Business Decision-Making

January 19, 2015 by Eran Levy

Data.

We know by now that data is essential to the modern business. Everyone collects it, and most have some sort of analysis plan or software in place. But what a lot of companies still haven’t gotten the hang of is using outside data sources to boost their strategic decision-making. This requires a BI software that can combine your internal data with third-party sources, to analyze it and gain new insights.[read more]

Aligning Big Data

January 18, 2015 by Martyn Jones

Aligning big data.

This is an overview of the realignment and placement of Big Data into a more generalized architectural framework, an architecture that integrates data warehousing (DW 2.0), business intelligence and statistical analysis.[read more]

Interview with Jonathon Karelse, Co-Founder of NorthFind Partners

January 17, 2015 by Michael Gilliland

Jonathon Karelse.

In December the Institute of Business Forecasting published the first of a new blog series on Forecast Value Added. Each month I will be interviewing an industry forecasting practitioner (or consultant/vendor) about their use of FVA analysis. The December interview featured Jonathon Karelse, co-founder of NorthFind Partners.[read more]