Market Research
First Look: FICO Decision Optimizer
Decision management tool / shutterstock
Decision Optimizer is one of FICO’s Decision Management Tools and is designed to address some specific challenges in customer decisioning, particularly that there are often competing objectives and very large numbers of customers (and thus customer decisions) involved.[read more]
Seven Steps to Rejuvenate Your Marketing Database
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Your messaging needs to engage. You need to make sure that you are communicating with relevance. Your marketing database is what will help you create this relevance. Here are seven key considerations to rejuvenate your marketing database.[read more]
Seven Steps to Heaven: Marketing Automation with a CRM System [INFOGRAPHIC]
Leading marketing and advertising agencies are discovering that marketing automation is giving them the power to outflank their competition. Here are the steps you can take to automate your marketing, improving your customer service and your profits in the process.[read more]
Are Video Streams Overflowing, And Will You Pay For It?
Fact #1: the video streaming category is getting crowded. And, fact #2, it’s getting more than a little competitive, as media companies are moving into streaming video looking for their own new revenue streams. What does this mean for consumers?[read more]
New Big Data Platform: Gainsight
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Focusing on customer retention and reducing churn instead of customer acquisition, Gainsight integrates with Salesforce and uses sales data, surveys, support tickets, usage logs and other sources of customer intelligence to turn customer retention into an automated, data-driven process.[read more]
Helpful or Creepy? Avoid Crossing the Line with Big Data
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One of the most discussed concerns surrounding big data today is privacy. While many powerful analytics are possible with the detailed data that is now collected on each of us, the sensitive nature of much of that data requires rethinking data practices and applications.[read more]
Silicon Valley: From Electronic Warfare to Big Data
Cloud, social, mobile: all of these technologies are connected through one important commonality, and that is Big Data. By allowing individuals to quickly discover important information through the use of data, organizations are given the power to make smarter data-driven business decisions.[read more]
Big Social Data Can Unlock the Power of Engaged Viewers
From eating and drinking to watching entertainment to reading, just to name a few, the social conversations of consumers often reveal tremendous insight on their interests, activities, likes, dislikes, attitudes and behaviors simply as a byproduct of their ‘off-line’ engagements while engaging online.[read more]
Determining Perception Gap Through Twitter [INFOGRAPHIC]
Consumers believe Sears is just for tools and electronics; is this the perception Sears wants to portray? What is Kroger doing better than others are? Walmart tweets way more frequently than other brands, and consumers reciprocate. 4 brands, 1 week and 100,000 Tweets: this infographic lays it all out for you.[read more]
Warren Buffett, the Human Big Data Engine
stock market genius / shutterstock
The way Buffett operates is not unlike the best use cases for big data. Among other things, his success lies in his ability to make good decisions in accordance with quality benchmarks. This is the key to using big data well, and to business success in general.[read more]
Think Mid Data, and Triangulate: Tom H.C. Anderson on Next Generation Research Methods
Here's a Q and A with Tom Anderson, a pioneer in defining and promoting Next Generation Market Research (NGMR). NGMR derives insights from the ensemble of sources via the application of advanced analytical methods including data mining and text analytics.[read more]
Be a Text Analytics Heretic
Promises, promises! Text analytics literature is full of them. Gain valuable insights! Know your customer! Harness the power of Big Data! The problem is that knowing something about your customer isn’t the same as having the ability to turn that information into cold hard cash.[read more]
Predictive Analytics, Present and Future: Interview with Dr. Eric Siegel
In this interview, Social Media Today's Henry Spethmann speaks with Dr. Eric Siegel -- author of the new book "Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die" -- about what predictive analytics is and how it can be applied to a number of different disciplines.[read more]
When Data Flows Faster Than It Can Be Processed
With big data come a few challenges. What can we do when data flows faster than it can be processed? There is a solution that benefits everyone (users, companies such as Google, Amazon, Netflix, Facebook or Twitter, and clients): better use of data science.[read more]
CEOs: Hold Your Team Accountable for Data Analysis
Ron Johnson, the retail superstar behind the Apple store and Target’s turnaround, was hired to bring Penney back to profitability—and failed. It should be a lesson for us all. Company leaders—CEOs and boards—should hold decision-makers accountable for making data driven decisions.[read more]
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“Mike, we are seeing an increase in businesses seeking specialized skills to help address challenges that arose with the era of big data. The HPCC Systems platform from LexisNexis helps to fill this gap by allowing data analysts themselves to own the complete data lifecycle. Designed by data scientists, ECL is a declarative programming language used to express data algorithms across the entire ...”
“Data variety is indeed both a challenge and an opportunity. I work for Gnip and we provide social data from a variety of sources and are constantly talking about what we call The Social Cocktail. We normalize the streams to help businesses overcome some of the challenges presented in this articles The Curse and Challenge of Data Variety section. Our customers are using multiple data sources ...”