Tag: Business Intelligence


Using Text Analytics to Analyze Customer Feedback

If your company is using open-ended survey questions in an effort to maintain a competitive edge, you may be surprised to learn there are ways that you can manage your unstructured data in such a way that it will allow your company to maximize its business value. While most everyone agrees that open-ended questions allow companies to better understand their customers’ experience, analyzing those insights, and coming up with the “why” behind the responses can be a challenge. If you can imagine collecting five thousand client surveys and then trying to categorize......

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Machine Learning for Predictive Analysis

Most everyone will agree that big data is a virtual untapped resource of intelligence that can both help support business decisions in addition to enhancing operations.  As data continues to change and diversify, businesses are beginning to understand the value of embracing predictive analytics. If you’re not familiar with what predictive analytics is, we’ll take a minute to explain it. First, you should start by knowing that predictive analytics and machine learning are not the same thing. Yes, they do overlap in some cases, but we’ll get into that later. Ultimately, predictive......

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Business Intelligence and the Internet of Things

If you’re wondering if your organization could benefit from the use of business intelligence and data analytics, you’ve come to the right place. For this blog post, we wanted to address business intelligence and the Internet of Things (IoT), and how the use of real-time data analytics using IOT devices can help your company enhance its profitability. Yes, terms like “big data analytics” and “the Internet of Things” are hot and trendy buzz words among technology analysts and researchers, but it’s worth noting that when you put the science behind these types......

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Business Intelligence for the Manufacturing Sector

The rapid gains that have been made in Big Data and business analytics are helping to fuel a new era within the manufacturing sector. When BI is harnessed and used properly, it can allow provide you with grater insight to your supply chain. Not only will you have greater visibility from the top floor of your office, BI can also help you better understand what’s working and what’s not working on the shop floor. If you were asked to compile a list of the most data-intensive industries on the planet, manufacturing would......

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Differences Between Off-the-Shelf and Custom BI Solutions

If you’re trying to decide between an off-the-shelf business intelligence tool and a custom business intelligence solution, you’ve come to the right place. Business intelligence has grown by leaps and bounds in the past two decades. In the early days, users harnessed BI to help them marry complex SQL queries and MS Excel. Today, BI software has a growing number of self-service, user friendly functionalities. Not surprisingly, it has become a much sought after go-to for reporting and analytics. At the same time, there can still be a pretty big gap between......

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Why Your Company Needs a Data Warehouse

If you’re not someone who is fully up to speed on why a data warehouse is important, we wanted to take a few paragraphs to help walk you through it. The term data warehouse gets thrown around a lot these days. It’s a hot topic within industry newsletters. You may have read it online. In some cases, you may have heard your employees and colleagues discussing it. If you’re among those who have little understanding of what the term means, you’re not alone. Understanding what a data warehouse is To put it......

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How Big Data Can Benefit Your Organization

Like it or not, Big Data is here to stay.  If your business isn’t taking advantage of it, you’re missing out on lucrative growth opportunities. If you don’t know what Big Data is, well, maybe we should start there. Big Data defined If you were to combine all the tools and processes that are related to managing and utilizing your data sets, that combo would be known as Big Data. The concept was born out of a widespread need for businesses, just like yours, to understand patterns, preferences and trends in the......

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How Data Automation Will Impact the Insurance Industry

Data automation is having a big impact across all industries. Manufacturers are using Big Data to help improve their yields, the pharmaceutical industry is using big data to increase productivity and businesses are using data automation to help with things such as automated ordering and client analytics. It shouldn’t be at all surprising that the insurance industry stans to benefit from data automation, as well. Tangible impact Experts believe there are several key ways in which data automation will impact the insurance industry. First, the use of technology can help with things......

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data analytics

Analytics is a wave from the future. Terms like Business Intelligence and Big Data are becoming as common as “supply”, “market analysis” etc. Clearly, analytics is here to stay and you/your company should join the bandwagon- if you haven’t yet. Wikipedia defines analytics as, “The discovery, interpretation, and communication of meaningful patterns in data.” Further definitions state, “Analytics is the systematic computational analysis of data.” When it comes to best practices when starting or growing a business, analytics will soon be added to the list in conjunction with “understanding your customers”. In......

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WHAT COULD GO WRONG WHEN YOU INVEST IN BUSINESS INTELLIGENCE?

The implementation of Business Intelligence by a company is one that is exciting and difficult. It must be approached with utmost care and given the highest possible consideration. A lot can go wrong but to understand BI implementation here are the steps taken to integrate a BI system, which may vary depending on the needs of the clients, but the main parameters that are common across the board are: Analytics requirements This determines the needs for the BI system to be implemented. The tools and services which are necessary to achieve the......

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