Can’t See the Forest for the Trees?
You have BIG DATA. Now what?
Big data = big insights.
Business analytics has made it possible to extract whole new types of insights from vast volumes of data. Big Data analytics has become critical to almost every large organization’s ability to make decisions. Getting this capability right means creating analytics with the structure, culture, and problem-solving methodology to reveal the actionable insights that business leaders need to successful.
Though 85% of companies are trying to be data-driven, only 37% of that number say they’ve been successful.
About three out of five people in leadership roles say a failure to get on board with big data could lead to obsolescence.
By 2020, 1.7 megabytes of data will be created every second, for every person on earth.
Profit Hunting: How to use analytic insights to drive profitable growth
Consumers in recent years have shown a seemingly insatiable appetite for special offers and discounts. During the holiday season, retailers generated billions of dollars by rolling-out high-profile promotional strategies – but was this activity actually profitable?
For many retailers, the holiday season lead to significant profit erosion. According to DynamicAction’s Retail Index, 44% of all orders last year were sold on promotion. At the same time, however, retailers saw a 24% reduction in margins.
Big Data lessons from Netflix
In a data-driven environment like Netflix, data visualization plays a key role. It must. In The Visual Organization, I offer the following definition of data visualization. Dataviz signifies the practice of representing data through visual and often interactive means. An individual dataviz represents information after it been abstracted in some schematic form. Finally, contemporary data visualization technologies are capable of incorporating what we now call Big Data…
EBM Data Warehouse
The EBM Data Warehouse is specifically configured to provide rapid access to relevant information extracted from key systems on a scheduled basis. Combined with proprietary security, hierarchy mapping and built-in administrative tools, the result is a powerful engine to drive your Enterprise Business Managment solutions.
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