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Analytical thinking 14 - September 2012
 

Analytical thinking 14 - September 2012

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Analytical Thinking is a fortnightly newsletter from the UK Business Analytics team. ...

Analytical Thinking is a fortnightly newsletter from the UK Business Analytics team.

The purpose of the newsletter is to raise awareness about why analytics is a hot topic at the moment, where is analytics being referenced in the press and in what ways are organisations using analytics.

Business Analytics (Operational Research) is part of the Digital Transformation team in Capgemini Consulting UK

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    Analytical thinking 14 - September 2012 Analytical thinking 14 - September 2012 Document Transcript

    • Analytical ThinkingAnalytical Thinking 14 - A Newsletter from September 2012the UK Business Analytics Team Introduction Introduction Welcome to the latest edition of Analytical Thinking, a newsletter from the UK Business Analytics community providing snippets of insight on what people have been saying and how organisations have been using our capability over the last 2 weeks. Within this edition, we have two different sections: Big data and Analytics. In the Big Data section, 5 articles explain how Big Data can be link to other topics such as Business Intelligence and Predictive Analytics. In the Analytics section, you will discover different ways that analytics has been adopted by CIOs and to optimise supply chains. back to top Big Data Big Data In Automotive And Machinery: Using Analytics To Deliver Better Products And A More Fulfilling Driver Experience The automotive industry, including cars, trucks, buses, semi-trailers, farm equipment, and construction equipment, is on the cusp of a Big Data revolution. Automotive companies have the opportunity to leverage new sources of Big Data to accelerate product design, improve vehicle performance and enhance the driver experience. In this article, you will discover few examples of how Big Data is transforming the automotive industry thanks to new detailed data sources coupled with advanced analytics. See article Data To Decisions: The Intersection Of Big Data, Semantic Web, How Big Data Brings Business Intelligence And Predictive Analytics And BI Together Organizations have faced a constant technology arms race to This article argues that Big data is about to achieve basic levels of decision move BI and predictive analytics away from management. From data statisticians and data scientists and into warehousing, to data marts, to the everyday life of business decision reporting tools to BI, and now Big Data, makers; imagining the world where a organizations and leaders have been inundated with customer service advisor can make an independent decision technology fads. While the latest buzz in technology on whether a problem customer is worth keeping or not. This may come and go, Constellation Research believes article explains how big data is enabling the ever-elusive organizations seek a path from data to information to single view of the customer. insight to action. This path from Data to Decisions See article drives the science and discipline behind decision management. This article details the growing need for what it refers to as decision management. See article
    • The Big Value In Big Data: Seeing The Difference Between Big Data And Big Customer Buying Patterns Data Analytics If you scan any other business innovation According to Gartner, unstructured publication, you are sure to see “Big Data” and structured data held by thrown around incessantly. However, you enterprises continues to grow at will also find the term Big Data Analytics explosive rates. However, volume used as well. Sometimes the terms are and velocity of data – what the used interchangeable, and in the samebusiness world is beginning to understand as the article. But they are not the same thing. Basically, the“Big Data Problem” – are becoming less of an issue difference comes down to the term “Big Data” referring tothan the variety of data. The core question is this: the new techniques that have been developed to storedoes big data actually solve real-world business enormous amounts of data and “Big Data Analytics” referringproblems? The short answer is yes – and in this to the algorithms and programs that mine these massivearticle, here is a real world example of how data stores. Only when you combine them can you can tapleveraging Big Data can solve the complexity around the potential of all this data we are capturing and storing.product proliferation by helping companies alignproduct offering and supply chain based on See articlecustomer-buying patterns.See articleAnalyticsWhy CIOs Are Quickly Prioritizing Supply Chain Execs See Benefits In Analytics, Cloud And Mobile Predictive Software Seventy-five percent of the 191 top supply Customers are quickly reinventing chain officers who took part in a June 2012 how they choose to learn about Aberdeen Group survey said their decision new products, keep current on making could be improved with the use of existing ones, and stay loyal to proper analytics, defined as special software those brands they most value. tools built to discern patterns or trends inThe best-run companies are all over this, supply chain and logistics operations. Respondents to theorchestrating their IT strategies to be as responsive research firms survey said predictive analytical softwareas possible. This article argues that CIOs need to be would help them to achieve cost savings, increaseas strong at strategic planning and execution as they profitability, and differentiate their customer service fromare at technology and that many are quickly that of competitors. This article explains that supply chainprioritizing analytics, cloud and mobile strategies to executives believe they could make smarter decisions andstay in step with their rapidly changing customer increase profitability if they were armed with the rightbases. analytical software.See article See articleFootnoteFigure It Out Blog Have you visited the Figure it out blog yet? back to topFeedbackWe hope that you have enjoyed reading this fourteenth edition of Analytical Thinking and hope that it has providedyou with a good insight into some of the value that is currently being realised through Business Analytics solutions.If you would like to find out more about our services and propositions then please contact Nigel Lewis or JonChadwick. If you have any suggestions on how we can improve this newsletter or if you have received it via acolleague and would like to subscribe then please contact Charlotte Skornik. If you spot an article that is BusinessAnalytics related then wed like to know about it, please submit it to Charlotte Skornik, and it may appear in thenext edition of Analytical Thinking!
    • Charlotte SkornikBusiness Analytics | Operational Researchcharlotte.skornik@capgemini.comTel: +44 (0) 870 904 5666 - Mob: +44 (0) 789 115 5666www.uk.capgemini.com40 Holborn Viaduct - London - EC1N 2PBConnect with us:Capgemini Consulting is the strategy and transformation consulting brand of Capgemini Group