Research

Making Meaningful Predictions in the Fast Lane

By Mark Dobeck, Jerry Baulier, Scott McCormick, Oct 10, 2014

Available to ERS Clients only

Event stream processing uses wireless and wireline transmissions of streaming events/transactions at rates of up to millions of events per second from multiple sources; the transmissions are real-time and low latency to the microsecond level. The use of and interest in event stream processing continue to evolve in virtually every industry and market.

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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 through that disconnect here.

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Minds + Machines: A New Generation of Analytics

By Thomas H. Davenport, Oct 02, 2014

If a huge, big-iron-focused company like GE can jump headfirst into the data economy, any firm should be able to do it.

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Prescriptive Analytics: Just What the Doctor Ordered

By Fiona McNeill, Sep 30, 2014

Available to ERS Clients only

Being an analytically driven organization means basing decisions on data rather than on experience or intuition; one of the strengths of advanced analytics is to help see beyond current activities, into future scenarios. But knowing what is going to happen, and knowing what to do are two different things. Prescriptive analytics answers the question of what to do, providing decision option(s) based on the predicted future scenarios

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For those of us 45 and older, it was the norm to start with a company at the lower level with aspirations of working hard and over the years gaining a senior leadership role. Yes, working with a single company for your entire career. For the most part you were rotated through different areas of the company, giving you a total perspective of the business. Your primary training was still the core of what you specialized in, but the peripheral areas provided you more experience and opportunities for collaboration and integration across divisions.

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Five Clusters of Opportunity with Big Data

By Robert Morison, Sep 23, 2014

In what areas of your business can big data have the greatest impact? In many organizations, that’s a very difficult question to answer. Why? Big data offers so many new opportunities and so many different kinds of opportunities, from using real-time sensor data to mining the unstructured conversation on social media.

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Analytics at Intermountain Healthcare

By Robert Morison, Sep 19, 2014

Available to ERS Clients only

Intermountain Healthcare has a history of success leveraging analytics in its central mission of clinical care. Its clinical management systems have been emulated around the world. Among the institution’s many recognitions is a 2013 Excellence in Analytics Award, a cross-industry honor, from the International Institute for Analytics.

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The Data Product Era Begins in Financial Services

By Thomas H. Davenport, Sep 18, 2014

It’s evident that financial services are going to be very interesting users of big data over the next few years. Of course, there will be important regulatory and consumer privacy issues to navigate. It will also be important to figure out just how to make money from these data products.

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Do Your Metrics Matter?

By Kimberly Nevala, Sep 16, 2014

Your organization has well-defined metrics. Executives track them diligently. Managers include them in status reports. Key Performance Indicators (KPI) are prominently featured in annual reports and PR. So isn’t the company, by definition, data-driven?

The answer, unfortunately, is: not necessarily.

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Inquiry Response: The ROI of Data Governance

By IIA Faculty, Sep 11, 2014

Available to ERS Clients only

We are in the process of proposing an organizational structure (more formal than we’ve had thus far) for data governance. One of the requests from our exec team was to provide more detail regarding Return on Investment (financial and other) for a DG program. Does IIA have any resources, methods, for building a justification and ROI for DG? Or how would you suggest I tap into IIA resources for this?

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