Three ways the Internet of Things (IoT) will Impact Business

Bill Hatfield

The face of technology has changed significantly within the last decade. The consumerization of IT, best exemplified by the rise of the smartphone, has altered the relationship that technology has with the professional world.

IT personnel used to be considered the gatekeepers of the systems and software that keep businesses running. Now, rather than being assigned a device or waiting for IT staffers to provide assistance, employees are taking the wheel. Because of this, IT departments are now tasked with creating secure environments that enable tech-savvy professionals to navigate their own way.

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Topics: Business Intelligence

Advanced analytics should be on the short list for every CIO

Daniel Halstead

Chief information officers who want to position their companies on a successful path for years to come will likely have to focus on advanced analytics as a way to gain insight into their firms' targeted markets. The ability to understand customer and client preferences, as well as specific industry trends before shifts even occur, fosters a true competitive advantage over the closest rivals.

Alexander Linden, research director at Gartner, explained all industries are experiencing growing data volumes. The burgeoning internet also contains a vast store of marketing and demographic data. CIOs will have to look at their data in new ways to achieve cross-selling opportunities, acquire new customers and effectively predict demand and potential failures before they happen. This means placing an increasing emphasis on data analytics.

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Topics: Business Intelligence, Business Consulting/Strategy, Development

Small businesses slow to adopt BI solutions

Zack Nimtz

Small businesses that want to leverage business intelligence to enhance their firms' decision-making may not know how or where to start. There are many options available to capture raw data; however, not all are capable of turning data into actionable insights.

Business Intelligence software is a powerful tool that provides visibility into how your business is performing. With self-service business intelligence tools, employees are able to set up customized reports to gather the information they need to make better business decisions without involving other departments.

A Logi Analytics survey found 22 percent of business workers have access to self-service BI, while 23 percent of IT professionals possess the same capacity. Self-service capabilities are ideal for reducing IT requests, with respondents indicating they achieve reductions of 37 percent, eWEEK reported.

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Topics: Business Intelligence

Your business strategy needs a dose of intelligence

Zack Nimtz

By no means should companies devote less time and resources toward delivering the best possible customer service and products to their audiences. These are important factors between differentiating brand A and B. However, a truly forward-thinking business strategy should also include analytics tools.

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Topics: Business Intelligence

Health care industry also jumping on BI bandwagon

Zack Nimtz

The health care industry is often one of the last markets to adopt the latest technologies available. This is due primarily to the fact that organizations in this field are responsible for maintaining some of the most sensitive information, such as patient health records. Every system must be checked and checked again to make sure precious content is safeguarded at all times. It appears that business intelligence suites are quickly making their way into hospitals and medical practices at a healthy rate.

A MarketsandMarkets report suggested that the worldwide health care BI market totaled roughly $2.4 billion in 2013, expanding at a compound annual growth rate of 15 percent during the next five years. North America will be the largest sector during this time, followed by Asia.

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Topics: Business Intelligence