While companies have high expectations about the role of analytics, there is still a significant work ahead to operationalize analytics modes and maximize the benefit of data-driven decision making.
Companies aim to flex their analytics muscle on a variety of business challenges, such as improving customer experience and engagement, optimizing enterprise productivity, and building more innovative products. Yet in order to reap sustainable business benefits with bottom-line impact, companies need to address analytics as a holistic operational strategy, not just as a series of one-off projects.
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Colorado Rockies news: The Rockies must make room for analytics - Purple Row
The analytics movement in baseball has shaped the game in so many ways and is generally acknowledged to give clubs that use it properly the power to optimize both in-game strategy and player development. Recently, former Rockies catcher Chris Iannetta voiced his concern over the impact of analytics on the game of baseball. Specifically, he pointed to the increased propensity of the three true outcomes and how it has taken away from the fan experience.
"There are diminishing returns when all you see are home runs, strikeouts, and walks. The product that's on the field is losing fans more than MLB realizes."
Tasktop Enhances Tasktop Viz™ with New Data Analytics and Automation Features
"Tasktop customers are benefiting from our 14 years of expertise in aligning software development and business through innovation," said Nicole Bryan , Chief Product Officer at Tasktop. "We are dedicated to delivering the best-in-class solution for helping traditional companies deliver software with the speed and efficiency of digital natives, providing value to their customers even as tools and workflows evolve.
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"Enterprise agility can be hard to achieve: old habits die hard, even under the glossy new surface of agile operating procedures and cadences, but that can be hard to see and catch," says Tasktop CEO Dr. Mik Kersten . "Tasktop Viz holds up a mirror to product value streams, making it possible to observe and measure the mechanics for delivering a product to market."
Global Aesthetic Services Market Trajectory & Analytics Report 2020: Aesthetic Services
The global market for Aesthetic Services is expected to slump by -8.7% in the year 2020 and thereafter recover and grow to reach US$24.9 billion by the year 2027, trailing a post COVID-19 CAGR of 6.2% over the analysis period 2020 through 2027.
With COVID-19 restricting the type of care to only essential services during the quarantine period, elective surgeries, non-essential medical, surgical, and aesthetic procedures witnessed a significant decline in revenues. A good percentage of these clinics completely halted operations while others resorted to reducing the number of working hours leading to significant reductions in their revenues.
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Israeli Startup Firebolt Takes On Data Analytics With $37M Round
Israeli startup Firebolt, the developer of a cloud-native enterprise data analytics platform, emerged from stealth mode on Wednesday to announce the completion of a $37 million financing round with investors Zeev Ventures, TLV Partners, Bessemer Venture Partners and Angular Ventures.
Firebolt was founded two years ago by members of the original team at Sisense, the New York-based business analytics company now valued at over $1 billion.
The startup says it is entering the data warehousing market with a new cloud analytics solution that is faster – “up to 182 times faster than other data warehouses” – more efficient, drives better performance and takes up fewer cloud resources.
Brightflag raises $28 million to manage legal spend using big data analytics | VentureBeat
Brightflag , an AI -powered legal spend management startup, today announced a $28 million round. The company says it will put the funds toward expanding its footprint while bolstering R&D to support existing customers.
According to a recent Gartner survey, the share of corporate legal operations leaders responsible for coordinating law firm billing and tracking outside counsel spend increased in the past two years by 53% and 32% percent, respectively. According to one report, the global legal operations software market will reach $3.57 billion by 2027, growing from just $1.08 billion in 2018.
Leading With Decision-Driven Data Analytics
In practice, making decisions with data often comes down to finding a purpose for the data at hand. Companies look for ways to extract value from available data, but that doesn't necessarily mean data analysts are answering the right questions. It's also not a safeguard against the influence of preexisting beliefs and incentives.
The solution is simple: Instead of finding a purpose for data, find data for a purpose. We call this approach decision-driven data analytics .
Leverage Smart Data Analytics for Industry 4.0 Factories With New Book
Learn how to leverage your manufacturing data with The Printed Circuit Assembler's Guide to… Smart Data: Using Data to Improve Manufacturing —the latest title in our I-007e library. The Printed Circuit Assembler's Guide to… series is specifically dedicated to educating the printed circuit board assembly (PCBA) sector and serves as a valuable resource for people seeking the most relevant information available.
Manufacturers need to ensure their factory operations work properly, but analyzing data is simply not enough. Companies must take efficiency and waste-reduction efforts to the next phase using smart data and advanced analytics to diagnose and correct process flaws.
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