The Return on Analytics: What is the Show-Stopper?

Posted on: June 23rd, 2015 by Bhavani Raskutti No Comments

 

A recent Wikibon report found that enterprises are struggling to derive maximum value from Big Data. While they expect a return of around $3.50 on the dollar, their return to-date is just $0.55. So what stops the business from deriving value from analytics? Based on my 25 years of experience in the Australian analytics industry,         Read More…

Data Visualisation is Evil

Posted on: June 11th, 2015 by Clement Fredembach 4 Comments

 

With apologies to Edward Tufte What do Jeremy Clarkson and Data Visualisation have in common? They both are very successful and talk directly to the “heart”, bypassing the cognitive system. They radiate an aura of authority that one has to unravel layer by layer because their very premise could be accurate or faulty. Unfortunately, like         Read More…

 

In my last post, I got the 10 Things I Hate about Subsurface Data Management off my chest. And it’s clear from that list that subsurface data management needs to change. But it’s scary to admit that you need to make changes. So, let’s take it a step at a time. Everyone’s heard of the         Read More…

Everything new is a well-forgotten old

Posted on: June 2nd, 2015 by Tatiana Bokareva No Comments

 

What does database development have to do with fashion? The answer is cycles. Fashion seems to recycle itself every 20 years. Some schools of thought call it the nostalgia trends. When we are young we look up to our parents fashion style and when we reach young adult age, we begin, sometimes subconsciously, to copy         Read More…

10 Things I Hate About Subsurface Data Management

Posted on: June 2nd, 2015 by Jane McConnell 2 Comments

 

Talk about big data analytics in the subsurface domain and what’s the most common response? “Can’t change.” “Won’t work.”   Sure, there are some perfectly valid historical reasons why we in the subsurface data management community look after our data the way we do, but isn’t it time to break from tradition? Why? Because new and         Read More…

Lateral Thinking in Data Science

Posted on: May 25th, 2015 by Ross Farrelly No Comments

 

Can market basket analysis be used to improve the performance of a website? How about path analysis on text extracted from CRM notes to identify cross sell opportunities? Many data science techniques are developed to address a specific problem within a certain industry. But often there is great benefit in re-purposing these analyses to solve         Read More…

Does My Asset look Big Data in This?

Posted on: May 20th, 2015 by Iain Stewart No Comments

 

I am often asked for my point of view on trends in the global Utilities analytics market. My headline response this year is that I have seen a marked increase in interest and investment by network companies in particular looking to operate, maintain and monetise assets more effectively. Globally, many wires businesses are officially and         Read More…

The Cross-Selling Machine at ICBC

Posted on: May 14th, 2015 by Gareth Clayton No Comments

 

There was an excellent turnout recently for the Teradata Summit events held in Sydney and Melbourne, with the highlight for me was the presentation on Cross-Selling at ICBC Argentina by Pablo Licheri and Eduardo Donato. ICBC (Industrial and Commercial Bank of China) is the world’s largest bank and ICBC Argentina was the first ICBC acquisition         Read More…

Is Analytics an Art or Science?

Posted on: May 14th, 2015 by Sundara Raman No Comments

 

Many of us are familiar with the old adage, “A picture tells a thousand words”, which implies that complex ideas can be easily illustrated in simple images better than large amounts of descriptive text. What if a picture is able to easily assimilate and paint from all the data and all the data types residing         Read More…

Is Cheaper Analytics an Industry Trend?

Posted on: May 13th, 2015 by Ben Davis No Comments

 

If your organisation is looking to spend tens of millions of dollars on a big data project in the next 12 months, then maybe you should read on and save a few dollars. Open-source analytics is absolutely booming at the moment with so many options coming into the market that I could spend most of         Read More…