How to reach enlightenment with business intelligence

Business Intelligence is a phrase that means many things to different organizations, which is why all BI vendors have their own definition. The term was coined in 1958 by Hans Peter Luhn of IBM*, who described it as “the ability to apprehend the interrelationships of presented facts in such a […]

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Business Analytics 101 – Budgeting, Planning and Forecasting

With the exception of the occasional James Bond movie that proves the rule, we don’t as a matter of course combine our modes of transportation into one all-purpose vehicle. But when it comes to financial management, there is one tool , commonly called the Budget, that gets applied to all […]

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Business Analytics 101: Statistics

~ Contributed by Mike Gilliland ~ Theoretical mathematics has beauty and elegance, along with logical rigor. Mathematical conjectures – or even real-life conjectures that can be formulated as such – can often be proven or disproven with certainty. And then there is Statistics Statistics provide a mathematical foundation for the […]

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Business Analytics 101: Enterprise Fraud Management

Recently I was listening to an NPR (National Public Radio) documentary about the history of cancer and medicine’s evolution in understanding and treating cancer. This was an amazing story. I would venture a guess that nearly everyone who is reading this post has been affected by cancer in one way […]

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Business Analytics 101: Strategy Management

What’s your organization’s strategy? No, I don’t mean the one on page 27 of the corporate handbook, I mean the REAL strategy, the one, or more, that your EMPLOYEES think is the strategy and is in reality driving your business. Joel Barker, a champion of the concept of paradigm shifts, […]

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Business Analytics 101: The intersection of Sustainability and Business

The preservation of our environment and the prosperity and health of our society are both global and local concerns. But are they concerns of the 21st Century Business? Increasingly, the answer is emphatically yes. In this blog post, we will consider the driving forces behind organizational investments in sustainable practices, […]

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Business Analytics 101: Forecasting

~ Contributed by Mike Gilliland ~ If we know the future demand for our products or services, we will only invest in the resources, capacity, materials, and staffing that will most profitably satisfy that demand. But we don’t know the future, so we have to forecast…and that’s where the trouble […]

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Business Analytics 101: Supply Chain Analytics

~ Contributed by Ritu Jain ~ Tough market conditions and a sluggish economy have made manufacturers focus even more on supply chain costs. Per an IDC survey earlier in the year of 400+ manufacturers and about 180 retailers “reducing procurement, production, transportation, and logistics costs” came out to be the […]

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Business Analytics 101: Risk Management

What is Risk Management? Risk Management can be found in many forms. This was emphasized to me while I was Googling “risk management in financial firms.” What I found were hits covering risk management across a wide spectrum of activities, from risk assessment for projects large and small to mathematical […]

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Business Analytics 101: Social Media Analytics

~ Contributed by John Bastone ~ I read a fascinating piece in this week’s Wired, titled how "Marketers Rig the Social Media Machine.” A cottage industry has been born, catering to the needs of Marketers that are willing to pay for large numbers of followers within a social media property […]

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