Like oil or money, data is a valuable resource that holds great potential. But too many organizations set their sights on amassing data, or worse, using it only in isolated processes or departments when they should be focused on applying data throughout their everyday operations. Technology is, of course, part
Most analytics products today are designed either for the individual or for the enterprise—and each requires a major compromise. On one hand, if you choose an individualized product so businesspeople can create their own reports, the tool probably can’t scale to provide widespread sharing, consistency, or collaboration on those reports,
The topic of prescriptive analytics or optimization (i.e. linear programming) has received increasing attention over the last few years, including new coverage by analyst firms such as Gartner, Advisory Board, Forrester and several industry thought leaders. Why the attention? Prescriptive analytics is analytics science that guides decision-making processes for businesses.
Data science is one of the most recent buzzwords that is gaining popularity in tech circles. With the number of job advertisements on the rise, one may think that data science and their professionals, data scientists, would become one of the most sought-after professionals in the technology job market over
These days, every business is exploring ways to use data and new technologies to gain a competitive edge. While there’s no questioning the value to be found in big data analytics, organizations have had a low success rate to date when it comes to rolling out data initiatives. A recent
EMC Study Reveals Enormous Monetary Losses Incurred By Enterprises Globally To Data Loss And Unplanned Downtime
EMC, the U.S. multinational corporation and the world’s largest provider of data storage systems, has released the EMC Global Data Protection Index and it turns out that worldwide, enterprises are losing as much as $1.7 trillion through data loss and unplanned downtime. “To create the maturity curve, IT decision makers
It is a truth universally acknowledged that the modern business is awash with data. This data could be the most valuable asset a company has- but only if it’s used right. Last year, McKinsey estimated big data initiatives in the US healthcare system “could account for $300 billion to $450