For health and life sciences organizations, discussions about big data include gaining value from that data in the form of real-world evidence. Consider for a moment the amount of healthcare data that exists today thanks to the adoption of electronic health records. Then think about the future with data from
According to recent studies on big data readiness, the majority of companies (more than 60 percent in the latest study of Crisp Research) are not prepared for the challenges of digital transformation. In fact, 58 percent of decision makers surveyed say they have no strategy in place. The quest for
Your customers are more demanding than ever before. Improving field quality and your customer's experience of your product is essential to staying competitive. However, truly understanding customer experience can be a daunting task. These recommendations have been refined and proven in dozens of manufacturers as simple ways to rapidly improve field quality performance. 1. Think big; start small.
The Internet has been around a long time. "Things" have been around even longer. Put the things on the Internet, aka the Internet of Things (IoT), and you get so much hype that IoT is at the top of Gartner's "Peak of Inflated Expectations" – and poised for a fall into the "Trough of
USA Today recently published an article titled 10 retailers take two-thirds of your money. The story highlights the revenue distribution among the Top 100 retailers in the S&P 1500. It was startling to see that such a small number of retail powerhouses take in such a large percentage of consumers’ income.
You might have lots of data on lots of customers, but imagine if you could suddenly add in a huge dollop of new, highly informative data that you weren’t able to access before. You could then use analytics to extract some really important insights about these customers, allowing you to
After reading Gartner's 2015 Hadoop adoption study results by Analysts Nick Heudecker and Merv Adrian, the first thing that comes to my mind is Goethe's phrase from Egmont, "Himmelhoch jauchzend, zu Tode betrübt." Translated: heavenly joy, deadly sorrow. What happened to yesterday's hype around the cute yellow elephant - which
This month we take a fresh analytical view of our hypothetical VirtualOil portfolio by comparing the forward price of WTI (the green line) to the prompt month price (red line). The resulting graphic (chart 1) demonstrates the relative stability of the 48-month forward price in contrast to a very active spot
We have spent a good deal of time at the Analytic Hospitality Executive advocating for the value of big data for hospitality. Just a few months ago, for example, I wrote a two part series on how Big Data was a “big opportunity” for hotels and casinos. Our goal at
How can you use an innovation lab to be as agile and innovative as a startup? Are there different types of innovation labs and if so what is the difference? I answered these two questions in previous posts, and now I will answer a third pressing question: how can you build the business
