Understanding predictive analytics has become a key requisite for discovering customer needs and business opportunities from data. But the first steps in establishing a good predictive model lie in outlining data, its sources, and crucial data relationships. Those first steps will require good business resources to organize the details. IT can be that vital resource to quickly highlight opportunities that work effectively with data.
When tasked with preparing a predictive model, an analyst must ask what is the best approach for the initiative. When IT personnel are included in the initial stages, the answers can address different facets of the project, revealing ideas that may not be so obvious from the start.
Quite a lot has been going on:
Why baby boomers are looking to IoT and analytics to stay safe - TechRepublic
Karen Roby: Talk about that. How are you helping people that are in their homes, such as the aging population?
We work with those companies who bring our innovation to market to the consumer under their brand, and the age wave, like I said, it's booming rapidly. It's a fairly small industry. We call it Personal Emergency Response Systems, P-E-R-S industry, and it's a fairly small industry. It's about a $1.3 billion industry. It sounds big, but in the whole scheme of things, it's kind of small.
State Department Unveils New Center for Analytics – MeriTalk
The Department of State announced the establishment of a Center for Analytics (CfA) that will be the agency's first official enterprise-level data and analytics hub.
CfA will be led by State's Chief Data Officer, and will lead data management and analytics efforts and provide employees with the "latest tools, training, and technologies," the State Department said.
What Impact is Big Data Having on Soccer? | Analytics Insight
Throughout the last few years, big data has become an increasingly vital component of many different sports across the globe. One of the most prominent examples of its influence relates to the NFL's Big Data Bowl, which seeks to encourage the next generation within the analytics community. Moreover, the use of such data has also proved to be highly effective in the soccer world, with numerous teams utilizing the technology to increase their chances of both short- and long-term success.
And here's another article:
Role Of Big Data With Predictive Analytics In The Retail Market
The ecosystem of business has turned out to be extremely complicated, which makes the sustenance difficult on a competitive landscape for the retailers. Retailers need to keep developing, innovating, and diversifying. It can help them in understanding the customer demands better and fulfill their expectations, while providing them an elevated customer experience. It makes the operations of retail extremely difficult for their survival, as well as stops attracting new customers.
Lions analytics executive Ashton Mullinix honored as a rising star
The Detroit Lions have been one of the NFL’s most enthusiastic teams in terms of embracing the power and potential of using analytics. One of the young men at the forefront of the movement in Allen Park has been honored for his work and his potential.
Ashton Mullinix, the Lions’ executive director of business strategy and analytics, is part of the inaugural group of honorees from the Sports Business Journal in their “New Voices Under 30” award. Mullinix is among the first group recognized by the prestigious publication in an issue that comes out later this month.
Council Post: 10 Most Valuable Pieces Of Data Your Company Can Glean From Google Analytics
Forbes Agency Council share trends and tips.">Successful PR, media strategy, creative and advertising executives from Forbes Agency Council share trends and tips.
Google Analytics remains one of the most straightforward tools to use for data analysis. With the advent of big data, a company can use Google Analytics to comb through its massive data stores to get insights into crucial aspects of its operations.
Big data's versatility makes it ideal for spotting things in a business's customer base that can positively impact its marketing and sales efforts. If used correctly, it can even clue the enterprise in to understanding its customer motivations more effectively.
How Big Data Analytics Are Transforming the Global Gambling Industry | Analytics Insight
As access to heavy computational software and processing tools becomes more affordable, big data analytics are being adopted by a wide range of industries. Once the preserve of governmental organizations, academics, and financial institutions, these days companies of all shapes and sizes are taking advantage of big data applications to help grow their operations.
One industry that has embraced big data more than most is the global gambling industry, with online casinos, in particular, making use of these latest analysis methods and tools to help inform their strategy and adjust their business model.
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