Gartner estimates that the majority of all Business Intelligence (BI) projects fail to meet their desired goals. In today’s data centric world, this is terrifying the majority of businesses. Ask any executive if they think BI is important, and nearly all will agree it is. However, most businesses still fail to unlock the potential gains from the insights in their information, even after investing loads of resources into BI solutions.
Terrified is the correct reaction to this, as the deciding factor between successful companies and ones that fail in the next several decades will, to a large degree, be determined by their ability to utilize analytics to optimize their business flows. Companies unable to do this simply won't be able to compete with the ones who are.
After completing a program in predictive analytics and choosing IBM’s SPSS Modeler as the tool of choice, I attended my first IBM conference (IBM Insight) in October 2014. My first priority was to learn more about the SPSS modeling tool.
In our first blog on the history of opimization modeling, we discussed early software development and shifting ideologies from the 1800s to the 1980s. In this article, you'll learn how modeling software evolved over the course of the past 25 years, bringing us to where we are today.
Many people in the technology industry have the ambition to work on products that are “game changers,” in terms of the impact on people using the products and the market in general. I’ve been fortunate in my career to work for a number of companies who have been genuine game changers, including SAS Institute and Microsoft. Recently, when I came to think about a new career move, signing up for something that was going to make a big impact and be a real game changer was my top priority.
Data becomes action when supported by analytics, and when it is organized into stages that provide business insights using embedded models and forward-looking technology. Exponential investment return is achieved every time a business steps forward in the analytics ladder, toward closing the loop in business integration.