Analytics & Strategy

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From Value to Vision: Reimagining the Possible with Data Analytics

Based on a global executive survey with 2,500+ respondents and interviews with more than two dozen executives and academics, MIT Sloan Management Review and SAS Institute Inc. report on the distinctive characteristics and habits of companies that are very effective at using analytics to compete and innovate. This report offers an in-depth analysis of Analytical Innovators, the early leaders in the analytics revolution that is changing how many companies are managed.

Image courtesy of Flickr user kk+.

Location Analytics: Bringing Geography Back

Remember geography lessons in school, painstakingly memorizing the longest rivers, cultures of various regions, the state capitals? For most of us, those lessons are in the past. But in the world of big data analytics, geography is making a comeback. The relatively new market of location analytics is expanding the uses of more traditional geographic information system (GIS) technology to include social, geographic, physical and emotional indicators that help organizations better predict trends

Image courtesy of the US Army.

Quick Wins Help Avoid Culture Obstacles on the Path to Value

"The biggest predictor of success...has been when there's a strong business sponsor involved," says Randy Bean, co-founder of NewVantage Partners. Broad-based organizational support usually follows when the business sees how analytics will improve the top and bottom line.

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K. Ananth Krishnan is chief technology officer of Tata Consultancy Services Ltd.

The “Unstructured Information” Most Businesses Miss Out On

Businesses’ ability to process numbers in “well-behaved rows and columns” goes back 40 years, notes K. Ananth Krishnan, chief technology officer of Tata Consultancy Services, one of the largest companies in India. Figuring out how to mine and process the information in text, video, and audio is the new frontier.

Image courtesy of Flickr user Nathan Eal Photography.

Why Companies Have to Trade “Perfect Data” for “Fast Info”

Companies have been trained to think about data all wrong, say Attivio’s Ali Riaz and Sid Probstein. “Analytics don't have to be based on super-precise data,” they say. “The report doesn't have to be perfect. It needs to capture the behavior, not the totality of it."

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Analytics: The New Path to Value

Nearly every company knows enough about the well-documented “data deluge” to know that it presents both threats and opportunities. It turns out that the smartest companies (top performers in their industries) are already capitalizing on increased information richness and analytics to gain competitive advantage—and that it’s these analytics-“sophisticate” organizations that, having begun to recognize the opportunities for differentiation, are the most ambitious about ramping up their analytics implementation and their ability to act on information-driven insights.

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Showing 21-33 of 33