Ignore Your Business, Rake In The Profits

Posted on: December 11th, 2014 by bfranks No Comments

 

Want to uncover interesting ways to drive value from data? Most organizations focus primarily on internal opportunities that support their business, such as understanding customers better, determining how to more effectively price and promote products, or figuring out how to make the supply chain more efficient. These are valuable, but in recent months I have         Read More…

Miss The Right Connections At Your Own Peril

Posted on: November 13th, 2014 by bfranks No Comments

 

  Historically, most analytics have had laser focus on specific entities like a customer, a product, a vendor, or a variety of others. When performing analysis, the focus is usually purely based upon facts about each entity. For example, each customer’s individual spend, frequency, and demographics. While such analytics have proven quite valuable, they usually         Read More…

 

I have a simple question for you. At a corporate level, who has end responsibility and accountability for analytics within your organization? The answers that I most often get are “Nobody” or “I don’t know” and the actual names I do receive often differ depending on who I have asked. Someone from Marketing will say         Read More…

 

I recently had a meeting with one of the largest companies in the world, where we discussed concerns about ongoing maintenance and, more importantly, ongoing repair required for analytics processes. The conversation helped solidify in my mind a major disconnect that often occurs when organizations deploy an analytics process into a production setting. Let’s walk         Read More…

Let Algorithms Decide – and Act – for Your Company

Posted on: September 26th, 2014 by bfranks No Comments

 

In the near future, simply having predictive models that suggest what might be done won’t be enough to stay ahead of the competition. Instead, smart organizations are driving analytics to an even deeper level within business processes—to make real-time operational decisions, on a daily basis. These operational analytics are embedded, prescriptive, automated, and run at         Read More…

Prepare To Be Amazed By Immersive Intelligence

Posted on: September 11th, 2014 by bfranks No Comments

 

Let’s explore a topic that has the potential to really disrupt the analytics and data visualization space if it comes to fruition. That topic is immersive intelligence, which is a new kind of visualization. I’ve written in the past about how important data visualization is becoming and why people are embracing it (see here and         Read More…

A Pitfall To Avoid When Funding Big Data Analytics

Posted on: August 14th, 2014 by bfranks No Comments

 

In June, I wrote about the need to fund portfolios of analytics as opposed to individual projects in order to enable analytic innovation. Tied to that theme is a common pitfall with corporate budgeting that I’d like to address here. Many organizations fall victim to what I’m about to discuss and a fundamental shift in         Read More…

Is Big Data Good or Evil?

Posted on: July 10th, 2014 by bfranks No Comments

 

With all of the lawsuits working through the courts and all of the scary possibilities being discussed in the media, it has led some people to assume that big data is inherently evil. Once you believe that big data is evil, a natural response is to try and shut down the collection and analysis of         Read More…

 

Large companies tend to play it safe, and that’s often an understatement. When it comes to getting funds approved for a new project, most companies have a formal process that must be followed. This process typically includes detailed assessments of the costs, risks, and benefits of the proposed effort. This approach works great for many         Read More…

Quick … Invest In This CBIMBDMLAAS Company!

Posted on: May 8th, 2014 by bfranks No Comments

 

Did I get your attention? Good! I know that CBIMBDMLAAS is a mouthful, but I am confident that I will be able to round up some funding pretty easily for my new company that will be focused on the CBIMBDMLAAS space. Before I reveal the exciting focus of this investment friendly business idea, let me         Read More…