Analytics can unlock tremendous opportunities in business. Industry leaders today leverage analytics and machine learning across many areas of business, from facilitating customer service interactions to managing logistics to analyzing medical records and even writing music and news stories.
Technology trends, such as cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) have enabled business analytics to become increasingly refined, while supporting the growth of machine learning algorithms that automate the completion of complex operations. This can be a game changer for companies looking to create workflow and operational efficiencies. But how do companies determine which tools or strategies are best for their unique goals?
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Predictive Analytics Software from Ctrl2GO Helped Industrial Companies Cut Costs by 20% in 2020
HOUSTON , Oct. 5, 2020 /PRNewswire/ -- Ctrl2GO , the global provider of predictive analytics and maintenance services, has helped its clients cut equipment maintenance costs by 20% in 2020. Such figures were attained on average by enterprises in the machine-building, oil and gas, energy and other industries, which have implemented Ctrl2GO PMM software (Predictive Maintenance and Monitoring) in their operational processes.
The solutions developed by Ctrl2GO are designed to efficiently process and analyze big industrial data, assessing the technical condition of the equipment and predicting its potential behavior. Such an approach allows companies to streamline maintenance processes, extend overhaul intervals, and prevent up to 80% of equipment malfunctions.
Analytics software vendor Alteryx names new CEO, stock soars 32% | ZDNet
Stoecker, who has been with the company for 23 years, during its growth from a single customer to over 6,700 customers, will retain the role of executive chairman of the company.
The company also said its forecast for the current quarter, the third quarter ended last month, with now be in a range of $126 million to $128 million, up from its prior forecast of $111 million to $115 million.
CEO Perspective: Moving Data Analytics from Cost Center to Revenue Generator | Transforming Data
How can you move data analytics from being a cost center to a generating revenue? Roman Stanek, CEO of GoodData, explains how this transformation drives business growth.
Upside: Organizations increasingly recognize that data is one of their most valuable assets. Now they’re beginning to realize that they can monetize their data assets to get even more value from them. What do you mean by monetization?
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Roman Stanek: Monetization means creating new revenue streams from the data that companies collect. For years, data analytics has been a cost center, an investment companies make to wring insights from data. Now, we’re moving to the next phase: where data becomes a revenue generator.
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Cloudflare Rolls Out Privacy-focused Web Analytics At No Cost
Cloudflare have recently launched their free web analytics tool. What's different here is that Cloudflare web analytics will focus on privacy instead of ad tracking for monetization.
In a recent post , Cloudflare has announced the release of free web analytics for all. This facility will be available to everyone, including non-Cloudflare customers.
As elaborated, Cloudflare's web analytics won't be tracking users as it won't focus on ads. In this way, the toll would respect the privacy of a site's visitors. That too, for free – unlike most other free web analytics.
LexisNexis Aiming for '360-View' of M&A With New Analytics Solution | Legaltech News
Davis Wright Tremaine partners are considering change around remote work, reduced and flexible hours, fee models and non-local hires. The firm is not alone.
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Rodrigo Castillo Cottin, who joins Rimon from Baker McKenzie, says he was drawn by the firm's 'modern approach towards the practice of law.'
Chief client officer roles have become increasingly popular in the Am Law 200, as clients expand their in-house departments and add to the list of demands for outside counsel.
Guide to the four fundamentals of people analytics FEATURE
HR leaders have become increasingly savvy with their use of data in recent years. Assets like data analysis tools, continuous listening programmes and research-based workforce planning solutions all add to the view of HR as a meaningful, measurable, profit centre.
However, with a greater impact on the business comes greater accountability. The new generation of practitioners must have a firm understanding of their organisation's data and how 'people analytics' feed into a company's wider data strategy.
Liquidnet Launches Its New Investment Analytics Business and Product Suite
The new business delivers personalized data and analytics directly to investment and trading teams using AI
Liquidnet, the technology-driven global institutional investment network, today announced the official launch of its third business, Investment Analytics (IA).
The new business combines the latest AI technologies, including machine learning (ML) and natural language processing (NLP), to uncover hidden insights within data and alerts users to key factors influencing their investments. The suite is comprised of four products, each tailored to a specific audience: IA Trader, IA PM, IA RSRCHX and IA APIs.
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