Research

Teradata Goes “All In” On Cloud

By David Alles, Sep 22, 2016

I recently attended my first Teradata Partners Conference, where we hosted a booth at the Teradata Partners Expo Hall. Teradata has been an underwriter of IIA since our inception in 2010. It was a great conference as well as an excellent opportunity for IIA to interact with other analytics professionals. Attendees who visited our booth were excited about the show and enthusiastic about the data and analytics work they are doing at their respective companies.

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I’ve been actively researching customer behavior in the financial and retail industries for over 30 years now, and what fascinates me the most is determining the leading indicators of future customer choices and interactions. At Corios we call this predictive customer journey analysis. The most important and most elusive part of being responsive to customer journeys is identifying leading indicators. Leading indicators will tell you what each customer is likely to need or want, in advance of the customer making a decision, in a way that gives the firm enough time to prepare and respond with a relevant solution.

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Breaking Analytics Out Of The Box - Literally

By Bill Franks, Sep 08, 2016

The lines between open source and commercial products are blurring rapidly as our options for building and executing analytics grow by the day. The range of options and price points available today enable anyone from a large enterprise to a single researcher to gain access to affordable, powerful analytic tools and infrastructure. As a result, analytics will continue to become more pervasive and more impactful.

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Data integrity is a real problem in the operating room

By Robert Handfield, Aug 23, 2016

A recent visit to a mid-sized hospital in the Northeast United States provided a number of important insights into how great a problem material handling data integrity is in the daily life of those people who work in operating rooms across the country. The nurses, buyers, surgical techs, operating room specialists, and physicians who work on the front lines of hospitals, are having to deal with massive forces of friction that are reducing their ability to provide top tier patient care.

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Embrace Analytic Athleticism

By Bill Franks, Aug 11, 2016

I see a strong parallel between athleticism and analytic capability. I also see a strong parallel between learning to speak multiple languages and learning to work within differing analytic environments. I’ll explain what I mean by both of these statements in this blog in the hope that it will help make the path forward seem clearer and less intimidating.

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At IIA, we spend most of our time helping enterprises build, sustain and measure their enterprise analytics capabilities. But, we are always on the lookout for standout players who combine technology and analytics for good in their communities.

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For most companies, their current pre-hire talent assessments are wasted data. Results are delivered in an individual report that cannot be analyzed or aggregated. For most “legacy” talent assessments, it’s difficult or impossible to determine what positive (or negative) business effect the assessments are having. It often comes down to the question of “how much the HR person believes the results.” This is a bad measure of success. But it doesn’t have to be that way.

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Is your organization doing all it can to modernize your data collection and analytics processes? Barely a decade ago, networks like AMC had virtually no information on consumers. Today, they are able to capture information at a level not possible until very recently.

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We only need the first and last letters to decipher more than half of words in the English language. This has implications for game shows, and more importantly, the business world.

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Much like the Fibonacci sequence appears repeatedly in nature, there are recurring patterns in data that, once recognized, can improve both our analytics and our efficiency in creating them.

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