Many forward-thinking organizations want to investigate how big data analytics helps them outthink and outperform the competition. However, many also are challenged with finding the right talent to run the operations, keep the data secure and figure out how to leverage the myriad tools at their
Companies that compete in the modern business environment increasingly look to sophisticated analytics and cognitive capabilities to help them gain a deep understanding of what matters to their clients. By knowing their customers well, organizations can provide targeted, personalized service that
Organizations looking to transform their operations can turn to data science for an approach that offers the ability to predict events and behavior, prescribe actions, derive insights and make informed decisions. Learn more about how you can tap into the power of data science through predictive
Banking industry leaders are rethinking their incentive compensation strategies in terms of risk and compliance. Here are some important questions—and some best practices—that can guide banking managers and executives as they develop incentive compensation plans that drive both compliance and
Censuses have long provided governing authorities with data that helps them make decisions affecting the lives and livelihoods of people everywhere. In modern times, however, companies look for more than just a name when doing business—and that’s where master data comes in. Find out how your
Essentially, Monte Carlo simulations predict an outcome not from the actual values of input data (which aren’t known) but from the likely (aka “simulated”) values of that data (based on their probability distributions). These simulations can prove invaluable for assessing risks in many real-world
Although spreadsheets offer a stable, attractive option when working with numbers, they can fall far short when they are applied to enterprise-scale statistical analytics. Weigh the limitations of spreadsheets against the benefits of a sophisticated, enterprise-grade statistical analysis tool for
The Internet of Things continues to be a land of opportunity in so many areas. Take a look at this overview of steps to innovation and success factors along with the risks and pitfalls to avoid in your Internet of Things journey.
Open source tools continue to foster non-stop innovation throughout the Insight Economy. So it’s no surprise that open-source languages—most notably, R--have moved to the center of enterprise statistical analytics and data management.
Big data and design thinking share some common core principles for creating highly connected, meaningful business and customer user experiences. See why organizations worldwide are realizing the magic of combining big data with design thinking to generate value for powerful business use cases.
Do you find yourself increasingly having to make decisions amid uncertain conditions? The advanced capabilities offered by IBM SPSS Statistics aim to make Monte Carlo simulation a part of your risk analysis by bringing these two worlds together in a single software solution.
Do you manage variable-based pay at your organization? Find out how you can avoid payment errors and streamline plan administration while giving your organization the insights that your sales team needs.
Spreadsheets are excellent tools as far as they go—but how far can they truly go? If you’re pushing your spreadsheet-based solutions beyond their viable limits, then they might be doing more harm than good. Discover what considerations you shouldn’t ignore when using spreadsheets for statistical