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How Analytics Has Changed in the Last 10 Years (and How It’s Stayed the Same)

Harvard Business Review

They might draw from CRM systems to evaluate the lifetime value of a customer, for example, or optimize pricing based on supply chain systems about available inventory. Firms still use statistics packages, spreadsheets, data warehouses and marts, visual analytics, and business intelligence tools.

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Create a Strategy That Anticipates and Learns

Harvard Business Review

Using machine-learning tools, for example, data that currently exists in different enterprise systems and diverse external sources (production, supply chain, market, customer trend, financial and economic data) can be ingested and mashed together to reveal meaningful patterns and highlight gaps in markets.

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article thumbnail

Create a Strategy That Anticipates and Learns

Harvard Business Review

Using machine-learning tools, for example, data that currently exists in different enterprise systems and diverse external sources (production, supply chain, market, customer trend, financial and economic data) can be ingested and mashed together to reveal meaningful patterns and highlight gaps in markets.

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Bots That Can Talk Will Help Us Get More Value from Analytics

Harvard Business Review

And yet research from TDWI states that at organizations where 50% of employees have access to business intelligence tools, only 20% of that group actually use them. Not surprisingly, the executives who run these chains are pretty focused on data. Over the past few years, much has been made of the rise of big data.