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Decision Management

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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]

How Do You Turn Supply Chain Data into Actionable Information?

July 4, 2014 by Ray Major

Supply chain data.

Okay, so you’re committed to rolling out Business Intelligence across your supply chain, you have tons of data, so how do you turn that data in to actionable information? There is a continuum in terms of presentation of data that allows for continuous sophistication in understanding and interpreting data.[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]

A Simple Explanation of Supply Chain Business Intelligence

June 26, 2014 by Ray Major

Supply chain BI.

You’ve heard that BI improves decision making, helps your company optimize the transportation and logistics space, allowing companies to be more profitable and increase efficiencies. Good news: it does all that and more. So where do you start? Well, first of all let’s understand what Business Intelligence means.[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]

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]

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What does Whale Vomit have in Common with Big Data and Analytics?

June 5, 2014 by Ray Major

Whale vomit and value.

Many businesses are figurative whales. They create voluminous amounts of data as a by-product of just existing as a business. Some of the data they collect is valuable to them but, in most cases, they are unaware that much of the data that they collect might have significant value to others. It just sits there unused in the bowels of some centralized data center.[read more]

Business Intelligence and Your Business: Ignorance Is Not Bliss

May 28, 2014 by Ray Major
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Ignorance is not bliss, you need BI.

Once you have identified the data sources needed, we can use those to impact your business processes. You can measure those business processes using your performance indicators and result indicators - and those in turn support your KRIs and KPIs, which support your critical success factors and ultimately help you achieve your corporate goals.[read more]

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Big Data and Analytics In Sports: A Game Changer

May 27, 2014 by Bernard Marr

The Big Data Guru column.

This posts explores how big data and analytics are transforming sports to monitor athletes and players, improve their performance, reduce recover times and make sports more engaging and entertaining for the spectator and TV audience.[read more]

Business Intelligence Isn't Just About Technology [VIDEO]

May 21, 2014 by Ray Major

Ray Major.

The purpose of business intelligence is to empower human intelligence, not just build fancy reports. If you look to BI to change the culture of your business and empower humans, instead of just another piece of technology in your organization, you will have a much more successful implementation and see a faster ROI.[read more]

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Big Data = Big Money: The ROI of Business Intelligence

May 15, 2014 by Charles Settles

The ROI of business intelligence.

In today’s business environment, moving slowly to leverage new technology can be a death sentence. Almost as damaging is the adoption of poorly understood technology in order to not “fall behind” competitors, which often results in huge spending and little to no financial return.[read more]

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Big Data Is Nothing Without Its Little Brother

March 18, 2014 by Bernard Marr
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The Big Data Guru column.

This posts outlines why big data is nothing without little data, or the KPIs that companies use to measure success. It looks at 3 big data use cases and outlines that value of any big data initiative can only be assessed in the context of well defined performance metrics.[read more]