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My, what a week it was for business intelligence (BI) and analytic tools. First, industry darling Tableau Software (NYSE: DATA) lost half its market capitalization following earnings that disappointed Wall Street, which quickly punished competitors Qlik (NASDAQ: QLIK) and MicroStrategy (NASDAQ: MSTR). Gartner then added fuel to the fire by issuing a report finding more competition than ever in the space, thanks to the arrival of a tipping point in the drive to self-service tooling. The balance of power in Read more…
Toyota wasn’t the only automaker to suffer during the Great Recession. But when the volume of Toyota customers behind on car payments spiked to record levels in 2009, the company decided to overhaul its approach to collections using big data analytics. If you go into a Toyota dealership today to buy a car, it’s likely that you’ll be introduced to Toyota Financial Services, the auto giant’s banking arm. With more than 4 million customers and an $80-billion portfolio of car Read more…
If your organization is just starting your big data analytics journey, don’t fret: You’re not alone. Plenty of others are in the same boat. However, catching up to the analytics leaders will take a lot of hard work. Here are 10 big data tips, which were culled from discussions at recent industry events, including Teradata’s PARTNERS 2015, SAS Analytics 2015, and the CAO Summit. 1. Avoid Shiny Objects Organizations have access to more data than ever, from sensors to smart Read more…
What’s the best way to assemble an analytic team? How important is support from the C-suite? Why is culture so important to becoming a data-driven organization, and what career path will lead me to becoming a chief analytic officer (CAO)? These are some of the topics that the International Institute for Analytics covered at yesterday’s CAO Summit at The Bellagio in Las Vegas. The Importance of C-Suite Buy-In As the current CDO at HSBC, Mark Clare is no stranger to Read more…
News In Brief
The average enterprise is better positioned than ever to take advantage of advanced analytic software, says Forrester Research, which put out its annual power rankings for advanced analytic tool vendors last week. “Good news! Predictive analytics is within easy reach for all enterprises if they choose the right big data predictive analytics solution to meet their needs,” write Forrester analysts in the company’s latest Forrester Wave for Big Data Predictive Analytics Solutions. Predictive analytics is a “business game changer” that Read more…
There has been much media coverage lately about standardized testing in American schools as well as fundamental changes to college entrance exams. But employers also have issues preventing cheating on professional certification and licensing exams.
The best way to boost your salary in 2014 may be to learn a new data analytics tool. According to the 2013 Data Science Salary Survey from O’Reilly, there was a strong correlation between data scientists and analysts who used the highest number of tools and those who had the highest salaries. What’s more, those who used open source tools, such as R and Hadoop, tended to bring home more bacon than those who used commercial products, such as SAS and Teradata.
Big data may appear to be a new trend, and refer to volumes, velocities, and variability that didn’t exist a few years ago. To some extent that’s true. But in the biggest companies, big data is really just a continuation of a decades-old trend toward “more data.” As these companies bring new technologies such as Hadoop and in-memory processing into their data centers, a new approach to building analytic systems is emerging, which is called Analytics 3.0.
Analytics are clearly on the rise as a transformational business technology, suggests research by SAS and MIT Sloan Management Review.
This Just In
Utilities lack a strong pipeline of data scientists to tackle tough industry-business concerns. Analytics leader SAS has stepped up with a research and software grant, including energy forecasting technologies, to the University of North Carolina at Charlotte’s Energy Production Infrastructure Center (EPIC). Multidisciplinary engineering coursework combined with practical data applications are expected to attract new students to the field.
As organizations seek more insight from their data, the ability to organize and manage the data pouring in from an ever-growing list of sources is critical. To help organizations better access, manage and use data from any source, SAS has updated its SAS Master Data Management and SAS Federation Server software.
With its new SAS In-Memory Statistics for Hadoop, SAS is rapidly becoming the analytics platform of choice for the Hadoop open source framework, considered the future of big data.
Here’s more proof that big data and analytics are white hot: The world’s premier analytics conference, SAS Global Forum, has achieved record registration this year.
Data Science Technologies (DST), a subsidiary of StorIT Distribution and a pioneer in the Big Data Analytics solutions and services space, today announced its inaugural event on Big Data Analytics for customers and partners on March 18, 2014 at The Westin Mena Siyahi in Dubai. The event titled ‘The Big Data Analytics Power Lunch’ is a joint effort by DST and SAS to offer customers complete insights into harnessing their structured and unstructured, optimizing this data to grow their business further and demonstrate the features and benefits of using SAS Visual Analytics.