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Predictive Analytics and the Evolution of BI
In the last couple of years, the popularity of predictive analytics offerings has increased significantly, as many companies looking to improve their existing
rates, and sales and margin predictions. Predictive analytics applications are those software utilities that enable users to perform such tasks, and because of this nature, predictive analysis and overall data mining techniques are often the basis for many more specific types of business analytics tools, such as specialized industry and line-of-business analysis tools. Predictive Analysis Is Not BI Business intelligence applications comprise another set of tools for the analysis of historical information
Know Thy Market Segment''s Price Response
Since no variable can influence margins as much as pricing, almost all companies need to approach the management of selling prices, discretionary discounts, and
benefits by enhancing the margin characteristics of these low-hanging fruit (most obvious pricing opportunities), whereas executives can more quickly review the profitability of their business units and take action where needed. Last but not least, when management deems that an order deserves an exception to standard discounting policy, the ability to evaluate different value-added scenarios (those activities or steps that add to or change a product or service as it goes through a process; the ones
Analytics Leader Voices Its Opinions on S&OP State of Affairs
Today’s retail companies are realizing the importance of creating an optimal balance between supply and demand, with a focus on sensing and shaping demand
growth through improved profit margin, improved customer service, improvements in market share (growth), and ultimately improvement in overall revenue. However, many analysts believe that a more balanced S&OP process drives higher business value by enabling organizations to better sense demand, shape demand, and translate demand patterns into an actionable, profitable operational plan, resulting in the following: significant improvements in revenue significant reductions in inventory significant
Collaborative Analytics: Sharing and Harvesting Analytic Insights Across the Business
Sadly, a division exists between business analysts and IT@they often perform separate data-related duties. There are benefits for companies that unite business
to compare commissions to margin by product, region, and rep. A new model for Sales Commissions begins to emerge. The center-out and edge-based models are clearly based on diverse assumptions and thus have rather different characteristics as shown in Table 1. From a business point of view, both approaches are needed. But the question that arises is: can they be combined in a single technological framework? Emergent Prototyping and the Adaptive Information Cycle The astute reader will have already
ERP Analytics vs. BI for Manufacturing: Which Is Right for Your Organization?
Organizations are constantly looking for ways to maintain their competitive advantage and increase sales while lowering costs. Analytics helps organizations
products have the best margin growth recognize how company profits are developing Organizations implementing an ERP solution need to have a continual view of the organization’s operational status, have access to business indicators that influence the organization, and have a visualization feature that provides management with constant access to business strategy. ERP analytics allows organizations to address these issues through financial, operations, and workforce-based analytics. But what does this
Predictions-The Future of HCM Analytics
The world of analytics has shifted emphasis over the past two decades—from looking at the past to looking at the future. Read this article to understand how
The Future of HCM Analytics The world of analytics has shifted emphasis over the past two decades—from looking at the past to looking at the future. Read this article to understand how human resources (HR) predictive analytics works and how you can take advantage of this cutting edge technology, and profit from it. By downloading this document, you agree to provide contact information and other data to select sponsors of this content.
Public Sector Business Analytics: The Path to Better Decision Making and Agility
Analytics has moved from the specialty of a dedicated few to a necessity for groups of business professionals to do their job. This white paper considers the
Sector Business Analytics: The Path to Better Decision Making and Agility Analytics has moved from the specialty of a dedicated few to a necessity for groups of business professionals to do their job. This white paper considers the use of analytics and business intelligence (BI) for improving decision making in public sector organizations. It also examines the benefits of prebuilt analytic applications for achieving this objective across many functions.
Predictive Analytics for Business Advantage
Today, predictive analytics is used mostly in marketing and sales for help in retention, cross-sell/upsell, and direct marketing efforts. But change is coming
Analytics for Business Advantage Today, predictive analytics is used mostly in marketing and sales for help in retention, cross-sell/upsell, and direct marketing efforts. But change is coming, and in this infographic from TDWI, learn how organizations are planning to use predictive analytics in new ways.
Six Critical HR Best Practices to Gain Insights with Workforce Analytics
Workforce analytics deliver insightful, actionable information that executive leadership demands; human resources (HR) departments can accelerate and influence
Critical HR Best Practices to Gain Insights with Workforce Analytics Workforce analytics deliver insightful, actionable information that executive leadership demands; human resources (HR) departments can accelerate and influence impactful business decision making with confidence using best practices such as relying on a single source of truth, challenging assumptions, taking on business challenges, leveraging industry benchmarks, being prepared, and linking information to business outcomes
Oracle Financial Analytics
Oracle Financial Analytics helps front-line managers improve financial performance with complete, up-to-the-minute information on their departments'' expenses
Financial Analytics Oracle Financial Analytics helps front-line managers improve financial performance with complete, up-to-the-minute information on their departments'' expenses and revenue contributions.
BMR Tones Up Sales Performance with Advanced Analytics
Bio Medical Research (BMR) was replacing its core enterprise resource planning (ERP) solution, and saw this as an opportunity to enhance its business analytics
Tones Up Sales Performance with Advanced Analytics Bio Medical Research (BMR) was replacing its core enterprise resource planning (ERP) solution, and saw this as an opportunity to enhance its business analytics capabilities. And as a midsized business, BMR wanted to find an affordable solution that would offer enterprise-class functionality. Download this case study to learn about the way IBM Cognos Express helped BMR tone up its sales performance with advanced analytics.
Create an Intelligent Analytics Strategy for Your Organization
A good business analytics strategy can pay off. Learn how to grow and transform your organization with analytics and business intelligence (BI) in this
an Intelligent Analytics Strategy for Your Organization A good business analytics strategy can pay off. Learn how to grow and transform your organization with analytics and business intelligence (BI) in this newsletter, featuring new research from Gartner.
HR Analytics Come into Their Own
Skeptics argue that human resources (HR) is too “soft” an area to be analyzed with any rigor—at least compared with finance or marketing, which have long mined
Analytics Come into Their Own Skeptics argue that human resources (HR) is too “soft” an area to be analyzed with any rigor—at least compared with finance or marketing, which have long mined business data to generate intelligence that can drive decision-making. Others maintain that HR analytics are a critical tool for keeping executives strategically oriented. Learn how HR data can help executives make decisions that drive business results.
Wipro''s healthcare and life sciences analytics combine fully automated discovery and analysis technologies that give healthcare organizations a clear
Analytics Wipro''s healthcare and life sciences analytics combine fully automated discovery and analysis technologies that give healthcare organizations a clear picture of their patients and administrative activities, using enterprise data to improve all facets of their operations, such as ordering supplies and defining patient treatment plans.
Attensity Social Analytics Suite
Attensity’s suite of social analytics and engagement applications is built on Attensity''s text analytics platform and offers organizations the key
Social Analytics Suite Attensity’s suite of social analytics and engagement applications is built on Attensity''s text analytics platform and offers organizations the key capabilities they need to leverage customer conversations as a business asset.
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