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Predictive Analytics

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3 Organizations That Can See the Future with Predictive Analytics

July 26, 2014 by Michele Nemschoff

Predictive analytics.

The ability to foresee the future would certainly be the ultimate competitive advantage. In reality though, no business has a crystal ball for making critical decisions. That’s why all critical business decisions have always carried a certain amount of risk. This risk has always and will always be part of the competitive game.[read more]

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The Amazing Ways Big Data Is Now Used in HR

July 22, 2014 by Bernard Marr

The Big Data Guru column.

Employees are a both a business’s greatest asset and its greatest expense. One company offering unique solutions to help others tackle this challenge is Evolv, and in this post I will have a look at what they do, and why it’s an important – but controversial - example of big data analysis driving business growth.[read more]

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How the Internet of Things Is Making Food Safer

July 22, 2014 by Rick Delgado

Food safety.

One area that stands to benefit greatly from the IoT is the food industry, more specifically making improvements in food safety. With advances in wireless technology and cloud computing, the IoT has the potential to make food safer from the farm all the way to the customer’s dinner plate.[read more]

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Data and Dating: How Agencies are Using Big Data to Find the Perfect Match

July 17, 2014 by Rick Delgado

Data and dating.

Dating agencies still have plenty of challenges to overcome to fully utilize big data. Sites need to work on fine tuning their algorithms to make better matches. They also need to find new ways to generate data, while filtering out data that is inaccurate or leads to less than satisfying results.[read more]

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3 Ways Big Data Is Changing Financial Institutions Forever

July 15, 2014 by Bernard Marr
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The Big Data Guru column.

Big data and financial services are natural match – after all, with nothing to manufacture, and no physical product to sell, data is the bedrock the industry is built on. On top of that, most of their business is quantitative – they mainly deal in good old-fashioned numbers – the simplest data to record and analyse.[read more]

Is There One "Right" Strategy to Implement Business Intelligence?

July 14, 2014 by Ray Major

How do I implement BI?

o avoid disappointment, plan on a BI strategy full roll out to take not just a few months, but more in the range of 1-2 years. Provide new capabilities in stages, or phases. This allows your users to acclimate to the new way of doing business, and provide feedback on a contained functionality set.[read more]

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Retail is Dead. Long Live Retail!

July 14, 2014 by Charles Settles

Using data for retail.

Walmart has several strategies to grow their ecommerce operation. Their distribution system is already the model upon which others are built — including Amazon’s. They have already been leveraging their supply chain management system, built on collaborative, vendor-managed inventory, to secure their place as the largest retailer in the world.[read more]

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How Predictive Modeling is Changing the Way We Work and Live

July 10, 2014 by Sergii Shelpuk

Predictive modeling.

Thanks to ongoing advances in computing and warehousing technologies, big data keeps getting bigger and advanced analytics such as predictive modeling make it ever more useful. The proliferation of smart devices, cloud computing and SaaS applications, both in our personal lives and the workplace, gives us the ability to know more about human behaviors and practices than ever before.[read more]

Successful Sales Forecasting Requires Dedicated Technology

July 7, 2014 by Mark Smith

Successful sales forecasting.

Overall our research finds a developing movement to adopt more useful technology for supporting the sales forecasting process. For organizations planning to change, most (40%) are going to use software as a service (SaaS), which is convenient as this cloud-based approach has the lightest burden to install, configure and manage the technology.[read more]

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Big Data Is Changing Every Industry, Even Yours!

July 1, 2014 by Bernard Marr

The Big Data Guru column.

For a business, the ability to have its production, stock control, distribution and security systems all connected and talking to each other will mean greater efficiency and less waste. Every area of industry is learning to reap the benefits of big data analysis, and it looks certain that finding innovative methods of gathering, recording and analyzing data is going to play a big part of business in the foreseeable future.[read more]

Empowering the Business Ecosystem with Business Intelligence [VIDEO]

June 30, 2014 by Ray Major

The BIg IDEA video series.

There is a lot of information that resides in a company's database that can be very useful to vendors, suppliers, distributors and more. By providing this data to the right people, you now enable them with the ability to make better business decisions based on understandable, easy-to-use information.[read more]

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Beware of Big Data Technology Zealotry

June 23, 2014 by Paul Barsch

Risky Business column.

Invariably, there are hundreds of additional arguments proffered by big data vendors and technology zealots inhabiting organizations just like yours. However, there are few crisp binary choices in technology decision making, especially in today’s heterogeneous big data environments. Beware big data zealots that counsel you otherwise.[read more]

Collaboration Is Vital to Success [VIDEO]

June 23, 2014 by Ray Major

The BIg IDEA video series.

The value derived from “Business Intelligence” comes not from the data itself, but the ability to interpret, interact with, and learn from that data. And the best way to accomplish this is to give your people the tools to share their insights and knowledge as simply and easily as possible.[read more]

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How Big Data Will Change Marketing Forever

June 17, 2014 by Bernard Marr
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The Big Data Guru column.

Companies have been collecting data on us for decades, but since we all went online - and in particular since we got social online - the amount we give away about ourselves and the number of ways a business can exploit that information, have exploded.[read more]

Introducing the Knowledge Worker [VIDEO]

June 15, 2014 by Ray Major
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BIg idea video.

There’s been a fundamental shift in the workforce over the last 50 years. In years past, many occupations required manual labor and physical work to accomplish daily tasks, where today the majority of the workforce uses the knowledge they've acquired about their business ecosystem to accomplish their job goals.[read more]