Recently in Business Analytics Category

I recently talked with Scott Staples, one of the co-founders of MindTree and President of the Americas, about the slow adoption of analytics by some companies. We covered a lot of ground in the Q&A, and one of the things we talked about was how companies are benefiting from analytics. Scott explained that while financial services and CPG companies have been using analytics successfully for quite some time, other companies and industries aren't jumping in with both feet. We discussed the reasons for that and also the challenges that companies face as they evolve to analytics-driven organizations. You can read about that and the other things we discussed here. 

I see this as a big plus for Teradata as it continues to extend its technology lead in analytics and data warehousing.

Teradata Corporation today announced that it signed a definitive agreement to acquire Aster Data Systems, Inc., a market leader and pioneer in advanced analytics and the management of a variety of diverse data that is not structured. The combination of Teradata and Aster Data technologies will enable businesses to unlock the new intelligence hidden within the ever-growing volume of big data.

Attensity just launched its new data grid (Attensity Data Grid) platform that enables Attensity Analyze 5.5 to run up to 180 times faster than standard relational queries. Analysis of the social media stream and other unstructured data sources can provide tremendous benefits for companies today.

For example, there are over 500,000 web forum conversations each month regarding Nokia products. These conversations contain a wealth of information that needs to monitored, analyzed and acted upon. With Attensity, Nokia can now do this in hours rather than days or months.

 
Attensity allows companies to accumulate, analyze, understand and take actions to respond to problems in minutes to change perception immediately and not allow a problem to explode on a viral basis over the web.
 
Some of the major trends that Attensity sees for 2011 are:

• Real-time response to social media will become a top priority for companies
• Collaboration in the workplace will align with consumer collaboration
• Voice of the Customer (VOC) will be a key part of companies' business processes.
  

 
At Teradata Partners, I interviewed Michelle de Haaff from Attensity, and here is what she had to say: http://www.b-eye-network.com/listen/14632
 

 

In their recently completed BeyeNETWORK research report, Merv Adrian and Colin White say that the analytic platform will "...transform expectations about the ability to use data to improve business results." Their comprehensive research report and the accompanying web seminar are now both available and contain a wealth of helpful information and advice about analytic platforms.

To watch the web seminar, click here.

To read the full report, click here.

Merv and Colin also interviewed customers of Aster Data, GreenPlum, Kognitio, Netezza Corporation, ParAccel, Sybase, Teradata, and Vertica Systems. The results of those interviews are included in the report as case studies. And if you'd like more detail about what these vendors provide, you'll find that in the report too.

Take the time to watch the seminar and read the report -- it will be time well spent!

BeyeNETWORK Education Expert Rick Herschel, Chair of the Department of Decision & System Sciences at Saint Joseph's University in Philadelphia, has prepared a brief survey -- and I strongly encourage you to participate. Let's all chip in so Rick gets real solid data that will allow him to evaluate the issues and concerns facing those who use BI and analytics in their organizations. To complete this short survey, click here!