Breaking Down Business Intelligence

| May 31, 2016

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The Intersect Group Provides Insight into the Latest Business Intelligence Trends with New Infographic...

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What's On India Media Pvt Ltd

What's-ON is Asia's premier TV Search and Electronic Program Guide metadata company and is part of Gracenote/ Tribune Digital Ventures. Gracenote is the Global leader in Entertainment Metadata Technology including TV EPGs and Music. Gracenote's Global coverage spans more than 50 countries across USA, Europe, Latin America, Middle East, Australia, India and Indonesia.Whats-ON is the Asian arm of Gracenote, TDV with the Asian EPG coverage at this point exceeding 1600 TV channels across 16 countries including India, Jordan, Indonesia, Lanka, Saudi Arabia, Qatar, Egypt, etc with some of the largest Cable, Telecom, Satellite TV, OTT and Consumer Electronics companies as our esteemed customers.

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CISA Keep Customer Focus in AI Adoption

Article | February 27, 2020

When it comes to adopting artificial intelligence (AI) and machine learning (ML) capabilities, it’s important to look at its range of effects from many different viewpoints.According to Senior Advisor for AI at the Cybersecurity and Infrastructure Security Agency (CISA) Martin Stanley, his agency wanted to look at adoption through three different perspectives: how CISA was going to use AI, how stakeholders will use AI, and how U.S. adversaries are going to use AI.You have to understand the needs of your stakeholders, but you also have to do it fast,” Stanley said at a Feb. 26 ServiceNow Federal Forum, adding that it’s a challenge to take in all the necessary information and deliver an outcome. AI and ML can help streamline this process. Stanley spoke about how a big percentage of the AI implementation is being purposeful in how the government’s data is managed and taking care of the data and technology is a key part to the adoption process. He also added that helping people by making work more efficient is key to why AI adoption is important saying: At the end of the day, this is all about helping people.

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Big Data Could Undermine the Covid-19 Response

Article | April 13, 2020

THE CORONAVIRUS PANDEMIC has spurred interest in big data to track the spread of the fast-moving pathogen and to plan disease prevention efforts. But the urgent need to contain the outbreak shouldn’t cloud thinking about big data’s potential to do more harm than good.Companies and governments worldwide are tapping the location data of millions of internet and mobile phone users for clues about how the virus spreads and whether social distancing measures are working. Unlike surveillance measures that track the movements of particular individuals, these efforts analyze large data sets to uncover patterns in people’s movements and behavior over the course of the pandemic.

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Choosing External Data Sources: 4 Characteristics to Look For

Article | May 12, 2021

Decision-makers at consumer brands are finally realizing the full transformative potential of external data - but they’re also realizing how difficult it is to source. Forrester reports that 87% of decision-makers in data and analytics have implemented or are planning initiatives to source more external data. And those initiatives are growing outside of the IT team; 29% of those surveyed say that IT has primary ownership of data sourcing, down from 37% in 2016. To support these projects, organizations are increasingly turning to a new specialist: the data hunter, who identifies and vets external data sources. It’s a lot of work to build external data-focused teams, and many leaders are realizing that external data is difficult to scale as the source list grows. Perhaps that’s why 66% of those decision-makers surveyed by Forrester report that they’re using or planning to use external service providers for data, analytics, and insights.

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How Business Analytics Accelerates Your Business Growth

Article | April 30, 2020

In the present complex and volatile market with data as a nucleus, analytics becomes a core function for any enterprise that relies on data-driven insights to understand their customers, trends, and business environments. In the age of digitization and automation, it is only sensible to make a move to analytics for a data-driven approach for your business. While a host of sources including Digital clicks, social media, POS terminal, and sensors enrich the data quality, data can be collected along various stages of interactions, and initiatives were taken. Customers leave their unique data fingerprint when interacting with the enterprise, which when put through analytics provides actionable insights to make important business decisions. Table of Contents: Business Analytics or Business Intelligence: The Difference Growth Acceleration with Business Analytics Business Analytics or Business Intelligence (BI): The Difference Business Intelligence comes within the descriptive phase of analytics. BI is where most enterprises start using an analytics program. BI uses software and services to turn data into actionable intelligence that helps an enterprise to make informed and strategic decisions. It’s information about the data itself. It’s not trying to do anything beyond telling a story about what the data is saying. - Beverly Wright, Executive Director, Business Analytics Center, Georgia Tech’s Scheller College of Business Some businesses might use BI and BA interchangeably, though some believe BI to be the know-how of what has happened, while the analytics or advanced analytics work to anticipate the various future scenarios. BI uses more structured data from traditional enterprise platforms, such as enterprise resource planning (ERP) or financial software systems, and it delivers views into past financial transactions or other past actions in areas such as operations and the supply chain. Today, experts say BI’s value to organizations is derived from its ability to provide visibility into such areas and business tasks, including contractual reconciliation. Someone will look at reports from, for example, last year’s sales — that’s BI — but they’ll also get predictions about next year’s sales — that’s business analytics — and then add to that a what-if capability: What would happen if we did X instead of Y. - CindiHowson, research vice president at Gartner A subset of business intelligence (BI), business analytics is implemented to determine which datasets are useful and how they can be leveraged to solve problems and increase efficiency, productivity, and revenue. It is the process of collating, sorting, processing, and studying business data, and using statistical models and iterative methodologies to transform data into business insights. BA is more prescriptive and uses methods that can analyze data, recognize patterns, and develops models that clarify past events, make future predictions, and recommend future discourse. Analysts use sophisticated data, quantitative analysis, and mathematical models to provide a solution for data-driven issues. To expand their understanding of complex data sets, and artificial intelligence, deep learning, and neural networks to micro-segment available data and identify patterns they can utilize statistics, information systems, computer science, and operations research. Let’s discuss the 5 ways business analytics can help you accelerate your business growth. READ MORE: HOW TO OVERCOME CHALLENGES IN ADOPTING DATA ANALYTICS Growth Acceleration with Business Analytics 1. Expansion planning Let’s say you’re planning an expansion opening a branch, store, restaurant, or office in a new location and have accumulated a lot of information about your growing customer base, equipment or other asset maintenance, employee payment, and delivery or distribution schedule. What if we told it is possible to get into a much detailed planning process with all that information available? It becomes possible with business analytics. With BA you can find insights in visualizations and dashboards and then research them further with business intelligence and reports. Moreover, you can interact with the results and use the information to create your expansion plan. 2. Finding your audience You’re right to examine your current customer data but you should also be looking into the customer sentiments towards your brand and who is saying what, and in what parts of the region. Business Analytics offers social media analysis so you can bring together internal and external customer data to create a profile of your customers, both existing and potential. Thus, you have prepared an ideal demographic, which can be used to identify people that are most likely to turn to your products or services. As a result, you have successfully deduced the area that offers the most in terms of expansion and customer potential. 3. Creating your business plan The real-time interaction with your data provides a detailed map of the current progress as well as your performance. Business Analytics solutions offer performance indicators to find and forecast trends in sales, turnover, and growth. This can be used in the in-depth development of a business plan for the next phase of your thriving franchise. 4. Developing your marketing campaign With Business Analytics, you’re capable of sending the right message to the audience most eager to try your product/service as part of a marketing campaign. You’re empowered to narrow down branding details, messaging tone and customer preferences, like the right offers that will differentiate you from the other businesses in the area. Using BA, you have gained a competitive edge by making sure you offer something new to your customers and prospects. It enables you to use your data to derive customer insights, make insight-driven decisions, do targeted marketing, and make business development decisions with confidence. 5. Use predictive insights to take action With analytics tools like predictive analytics, your expansion plans are optimized. It enables you to pinpoint and research about the factors that are influencing your outcomes so that you can be assured of being on the right track. When you can identify and understand your challenges quickly and resolve them faster, you improve the overall business performance resulting in successful expansion and accelerated growth. READ MORE: WHAT IS THE DIFFERENCE BETWEEN BUSINESS INTELLIGENCE, DATA WAREHOUSING AND DATA ANALYTICS

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Spotlight

What's On India Media Pvt Ltd

What's-ON is Asia's premier TV Search and Electronic Program Guide metadata company and is part of Gracenote/ Tribune Digital Ventures. Gracenote is the Global leader in Entertainment Metadata Technology including TV EPGs and Music. Gracenote's Global coverage spans more than 50 countries across USA, Europe, Latin America, Middle East, Australia, India and Indonesia.Whats-ON is the Asian arm of Gracenote, TDV with the Asian EPG coverage at this point exceeding 1600 TV channels across 16 countries including India, Jordan, Indonesia, Lanka, Saudi Arabia, Qatar, Egypt, etc with some of the largest Cable, Telecom, Satellite TV, OTT and Consumer Electronics companies as our esteemed customers.

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