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Tagged Posts: Data Analytics

How Banks Can Use Analytics To Stay Out Of The Headlines
  • March 17, 2023

How Banks Can Use Analytics to Stay Out of the Headlines

Financial institutions are making headlines around the world. There’s no shortage of press coverage on the recent collapse of Silicon Valley Bank and Signature Bank in New York, and there seem to be mounting fears about the overall health of the banking industry. While it is too early to know how these failures will…

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How To Use Data To Get More Visibility Into Your Supply Chain
  • March 17, 2023

How to Use Data to Get More Visibility into Your Supply Chain

Supply chains have undergone—and continue to experience—major changes and disruption. Worker shortages, rapidly changing customer demands, logistics problems, transportation bottlenecks, and other factors have all contributed to challenges. Even sales patterns that used to be easy to predict, such as those based on holidays and seasonal buying, have become much harder to understand, amplifying…

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Data Analytics For Supply Chain Managers
  • March 17, 2023

Data Analytics for Supply Chain Managers

If you haven’t already seen Astrid Eira’s article in FinancesOnline, “14 Supply Chain Trends for 2022/2023: New Predictions To Watch Out For.” It provides great insights into current supply chain developments and challenges. Eira identifies analytics as the top technology priority in the supply chain industry, with 62% of organizations reporting limited visibility. Here…

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Data Analytics For Supply Chain Managers
  • March 9, 2023

Data Analytics for Supply Chain Managers

If you haven’t already seen Astrid Eira’s article in FinancesOnline, “14 Supply Chain Trends for 2022/2023: New Predictions To Watch Out For.” It provides great insights into current supply chain developments and challenges. Eira identifies analytics as the top technology priority in the supply chain industry, with 62% of organizations reporting limited visibility. Here…

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How To Use Data To Get More Visibility Into Your Supply Chain
  • March 7, 2023

How to Use Data to Get More Visibility into Your Supply Chain

Supply chains have undergone—and continue to experience—major changes and disruption. Worker shortages, rapidly changing customer demands, logistics problems, transportation bottlenecks, and other factors have all contributed to challenges. Even sales patterns that used to be easy to predict, such as those based on holidays and seasonal buying, have become much harder to understand, amplifying…

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6 Predictive Analytics Steps To Reduce Customer Churn
  • February 28, 2023

6 Predictive Analytics Steps to Reduce Customer Churn

Keeping customer churn in check is dire, as it typically costs more to acquire a customer than to retain customers. To help businesses retain their customers, data scientists and IT analysts should consider customer churn analysis to better predict customer behavior. Here’s a quick overview of the tools necessary to predict customer churn.   Calculate…

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9 Essential Blog Articles To Help You Know Your Customer Better
  • February 21, 2023

9 Essential Blog Articles to Help You Know Your Customer Better

Competition for customers is more intense than ever. And landing customers is only half the battle. Keeping them happy is the other half. Creating customers for life entails nurturing relationships and predicting changing needs, or risk losing customers to competitors.  Innovative marketers understand the importance of knowing their customers so they can meet their…

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5 Tips To Transition From Multichannel To Omnichannel
  • February 16, 2023

5 Tips to Transition from Multichannel to Omnichannel

Customers want outcomes and consistency as they move across their preferred channels. However, many organizations are struggling to transition from multichannel marketing strategies to omnichannel marketing strategies.   What is Multichannel?  A channel is any place where a customer interacts with the company. Most businesses rely on a mix of channels to interact with their customers…

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5 Important Customer Experience Scoring Methods
  • February 7, 2023

5 Important Customer Experience Scoring Methods

After reading “Forrester 2023 Customer Experience Predictions”, it was surprising to see one of its projections – 20% of customer experience (CX) programs will disappear this year. Forrester explains that companies for which great CX is not part of their brand identity will demand proof that CX spending is necessary. Unfortunately, 54% of CX…

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Ventana Research Analyst Perspective, Actian Manages Avalanches Of Data
  • January 31, 2023

Ventana Research Analyst Perspective, Actian Manages Avalanches of Data

Matt Aslett, VP & Research Director at Ventana Research, just wrote an Analyst Perspective called Actian Manages Avalanches of Data. He gives the Avalanche Cloud Data Platform a positive review and concludes by saying, “I recommend that organizations migrating to the cloud and looking for a cloud data platform with integration and management capabilities…

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A Beginner’s Roadmap For Adopting And Using Cloud Data Analytics
  • January 17, 2023

A Beginner’s Roadmap for Adopting and Using Cloud Data Analytics

Data managers have their hands full when it comes to their data analytics strategies. Datasets are growing in complexity and are generated at record volumes. Processing, analyzing and putting this data to use is mission critical for businesses to drive revenue and scale in the future. To help process these new and complex datasets…

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Three Critical Best Practices For Utilizing Customer-Centric Data
  • January 12, 2023

Three Critical Best Practices for Utilizing Customer-Centric Data

Today’s customers have high expectations when it comes to customer experience and making purchasing decisions. Consumers are looking for high-quality shopping experiences, both online and in-store. They expect companies to provide a clear shopping interface, visually appealing websites and store fronts, easy access to customer support, and simple checkout processes when interacting with brands.…

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Do You Have Big, Fast, Jumbled, Useless, Or Ugly Data? Here’s What To Do
  • January 5, 2023

Do You Have Big, Fast, Jumbled, Useless, or Ugly Data? Here’s What to Do

It has been more than 20 years since Meta Group (acquired by Gartner) introduced the 3Vs of data, Volume, Velocity and Variety. Gartner later expanded the 3Vs to 5Vs by adding Value and Veracity. To this day, these remain important considerations in data analytics. However, their size and complexity continue to increase. Here’s a…

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The Power Of Real-time Supply Chain Analytics
  • December 27, 2022

The Power of Real-time Supply Chain Analytics

There are many areas where real-time data analytics helps businesses increase revenue and operate more efficiently. Manufacturers, for instance, can use real-time supply chain analytics to reinvent their supply chain across sourcing, processing, and distribution of goods, so they can adjust to changing conditions quickly and effectively. Manufacturers can get the visibility they need…

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Building The Bridge From Cloud To Edge For Superior Operational Analytics
  • December 12, 2022

Building the Bridge From Cloud to Edge for Superior Operational Analytics

Data and analytics are the heartbeat of any business looking to drive revenue and innovate - especially during volatile and uncertain times. Businesses have gradually transitioned away from traditional data centers in favor of cloud data storage and analytics solutions to access data and unlock business insights more easily. We expect more enterprises will…

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Telling A Great Data Story
  • November 23, 2022

Telling a Great Data Story

What is a Data Story? A story is a narrative, either true or fictitious, in prose or verse, designed to interest, amuse, or instruct the listener or reader. A data story can be like any story, but its narrative is focused on data insights designed to teach and motivate an audience to act. Why…

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The Best Ways To Deliver On The Promises Of Real-Time Data Analytics
  • November 14, 2022

The Best Ways to Deliver on the Promises of Real-Time Data Analytics

In my recent eBook called How to Maximize Business Value with Real-Time Data Analytics, I summarized some of the key capabilities that businesses should look for to meet the demands of real-time analytics. I’d like to expand upon these key questions that may directly impact the success of your organization. How do we scale…

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Don’t Rely On Outdated Advice For Digital Transformation
  • November 2, 2022

Don’t Rely on Outdated Advice for Digital Transformation

The road to digital transformation is not straightforward, and has not rapidly accelerated over the past few years. As businesses modernize systems and processes to keep pace with technology innovation, they’re looking for insights and road markers to help guide them along their journey. When seeking advice, business leaders often turn to industry peers…

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How To Make Your Analytics Journey More Data Driven
  • October 31, 2022

How to Make Your Analytics Journey More Data Driven

Your future as a successful business depends on being more data driven. A successful analytics journey transforms an organization from using its data to understand what happened in the past, to using real-time data to help users decide on the best course of action in the moment. To complete this journey, your culture, your…

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Digital Transformation Is A Journey, Not A Destination
  • October 27, 2022

Digital Transformation is a Journey, not a Destination

Enterprises have had to adjust their business strategies to account for the rapid pace of change and transformation of the last few years. Factors such as technological innovation, decentralized work, and data volume have triggered an acceleration of digital transformation (DX) plans. For many, the COVID-19 pandemic and subsequent lockdowns also sped up the…

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How To Increase Loyalty And Brand Sentiment Through Data
  • October 25, 2022

How to Increase Loyalty and Brand Sentiment Through Data

A great customer experience (CX) can lead to more customers choosing you over your competitors. However, getting CX right can be a tricky task, especially as buyer personas and behaviors rapidly evolved because of the COVID-19 pandemic. Consumers have pivoted the way they shop, and, given the uptick in digital selling options businesses are…

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What Exactly Is Data Visualization?
  • October 17, 2022

What Exactly is Data Visualization?

Every day, 2.5 quintillion bytes of new data are created worldwide – giving businesses access to new sources of information that they can use to create better experiences for their customers and confirm for many that big business knows pretty much everything about you. Last week, I was in Boston for sales training and…

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Are You Getting The Most Out Of Your Healthcare Data Platform?
  • October 13, 2022

Are You Getting the Most Out of Your Healthcare Data Platform?

Healthcare organizations now require insights that are only possible to gain by bringing together diverse and disparate clinical, financial, and operational data from across the organization, as well as outside it. Without access to these insights, improvements in outcomes and operational efficiencies that value-based care models promise to deliver will be harder and more…

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Why Is Customer Experience Strategy So Important?
  • October 10, 2022

Why is Customer Experience Strategy So Important?

Use the Good to Outweigh the Bad Instead of reacting to negative customer experiences and feedback once damage has already happened, an organization is more successful when it takes a proactive approach. It may seem obvious, but the time and effort it takes to overcome a negative experience is much greater than that of…

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Big Data And Data Analytics In The Finance Domain
  • October 4, 2022

Big Data and Data Analytics in the Finance Domain

Big data is revolutionizing virtually every industry, perhaps none more than financial services. It is giving finance firms the ability to do things they never could before – like roll out new payment systems, deliver data-driven offers and use AI to combat fraud. Banks, investment firms, stock traders, and others have more data at…

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How To Create A Perfectly Tailored Customer Experience
  • August 16, 2022

How to Create a Perfectly Tailored Customer Experience

eCommerce is a competitive field. Businesses are living in an era of hyper-personalization and omnichannel engagement, constantly vying for limited customer attention in a saturated market. As a result, optimizing marketing campaigns and driving qualified sales leads continues to be a challenge. Having insight into each individual’s unique preferences, buying behavior, and expressed sentiment…

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How Retailers Can Keep Pace Alongside Dynamic Customers
  • August 2, 2022

How Retailers can Keep Pace Alongside Dynamic Customers

The rapid pace of change and acceleration of digital transformation brought on by the pandemic isn’t news anymore; hybrid working environments and limits to in-person commerce forced businesses across diverse sectors to modernize the way they work, and their tech stacks to keep up with demand. However, one side effect of this rapid pace…

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How The Right Data Platform Approach Unleashes Competitive Advantage
  • July 19, 2022

How the Right Data Platform Approach Unleashes Competitive Advantage

For some time now, we at Actian have been focusing squarely on making the Avalanche Cloud Data Platform the most trusted, flexible, and easy to use data platform on the market. These, of course, are traits that anybody in any industry would want to trumpet. But they’re especially important in the world of data,…

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Data Lakes, Data Warehouses And Data Hubs – Do We Need Another Choice?
  • February 17, 2021

Data Lakes, Data Warehouses and Data Hubs – Do we need another choice?

Data Lakes, Data Warehouses, and Data Hubs - Do we need another choice? There’s a long-standing debate, dating back to the early days of Hadoop, about what kind of data repository is best for a given data analytics use case. A Data Lake? A Data Hub? A Data Warehouse? Despite Hadoop’s fall from grace,…

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Data Analytics Is A Core Element Creating Business Value
  • January 22, 2021

Data Analytics is a Core Element Creating Business Value

Valued assets Organizational assets are defined as capabilities and resources. To be valued strategic assets, they have to contribute to the success of the organization. There is no business value contributed to an asset that does not have an understood return on investment (ROI) for the organization. Capabilities can be defined as the ability,…

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Financial Services Companies Need All The Data Analytics They Can Get
  • April 8, 2020

Financial Services Companies Need all the Data Analytics They Can Get

There are times when financial markets trend up. There are times that markets trend down.  And then there are times that the markets go crazy and the only thing predictable is volatility. When markets encounter these volatile periods, financial services companies become highly reliant on data analytics to determine where the real market forces…

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Optimizing Cloud Compute And Data Storage For Data Analytics
  • October 24, 2019

Optimizing Cloud Compute and Data Storage for Data Analytics

When architecting your data warehouse solution, separating compute and data storage is extremely important for both operational sustainability and economic efficiency. Different things drive the technical needs for each of these, the capacity demands of the organization are different, and the best solution requires optimizing compute and data storage separately. Storage capacity is a…

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Observations From Strata Data Conference
  • September 26, 2019

Observations from Strata Data Conference

Looking around at Strata this morning I observe that the folks here fall into three broad categories: The t-shirt wearing techie who proudly wears their favorite logo'ed t-shirt e.g. "Data is the New Bacon" and who is here to reassure themselves that there isn't much that they don't know about what is happening in…

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Exploiting Analytics In The Cloud Without Moving All Your Data There
  • July 29, 2019

Exploiting Analytics in the Cloud Without Moving All Your Data There

Your company has competing data needs. You need IT systems optimized for real-time transaction processing to serve as the engine for digitally transformed business processes. You also need your data aggregated and optimized for analytics to generate both real-time insights and perform deep data-mining activities. It can be difficult to balance these competing needs…

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Use Real-time Data To Achieve Better Business Optimization. Here’s How.
  • February 19, 2019

Use real-time data to achieve better business optimization. Here’s how.

With increasing competition in the marketplace and shrinking profit margins in many industries, companies are increasing looking for ways to achieve higher levels of business process optimization throughout their supply chain.  This isn’t a new challenge, but it is one that has recently taken on greater importance with the acceleration of the speed of…

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How To Use Customer Data Analytics In Your Business: What You Need To Know
  • July 12, 2022

How to Use Customer Data Analytics in Your Business: What You Need to Know

Whether you are a business leader or a marketing professional, you know that a company’s most valuable asset is its customers. Today, data analytics is the new competitive advantage. Customer data analytics is about more than just an increase in revenue and customer satisfaction levels. It is about your entire business ecosystem. In fact,…

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You Know You’re A “Citizen” Data Scientist If …
  • June 9, 2022

You Know You’re a “Citizen” Data Scientist If …

Data collection and analysis have become increasingly important as multiple industries continue to drive their digital transformation initiatives. Whether it’s to improve customer experience, target marketing efforts, or just better understand how their business is performing, data is at the heart of it all. However, to make data work for you, you need the…

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