big data analytics
Customer-experience management is supposed to be advanced in the travel industry, but the data says otherwise. In an age
Risk is the insurance's commodity: Humans are looking for certainty in an uncertain world and insurance companies promise them means of managing risk. Insurance companies' capital accumulation model is that they seek for ways of minimising the number of actual insurance events in order to maximise their profits.
But in the world of business technology, we still lag someway behind in our thinking. All too often business applications are designed with masses of functionality that are created to justify an expensive upgrade path but result in users only exploiting small percentages of the available functionality
It recently emerged that the NHS has been ordered to prioritise patients who have endured long waits for routine treatment. However, problems with our health service have been evident since two-thirds of A&E units missed their winter wait time target, despite a mild winter by British standards.
Interest in Big Data analytics has increased sharply over the last twelve months, and usage by commercial, non-profit and public sector organisations surged. What's driving this? One reason is that storage costs have fallen... Another important factor is the growing number of sophisticated analytics tools that are available.
Stereotypes always have a certain amount of accuracy and truth about them. For example, many IT professionals live up to their perceived image. In other words, they are not always great at communicating.
I've been looking at the five key areas that look set to drive business success over the next few years and then considering how chief information officers (CIO) can use these to carve themselves out a more pivotal and sustainable role within their organisation.
If properly exploited, this 'big data' goldmine could provide valuable insight for the Police, allowing them to do more with less and helping drive efficiencies. Unfortunately, agencies are not exploiting the full value of the data they have.