Making advanced analytics work for you
- 1. Making Advanced Analytics Work for You. by Dominic Barton and David Court Underguidance of prof:Sameer Mathur.
- 2. Vast increase in performance. Bigdata solving many company’s data problems And they are trying to invest more and to make a right decisions. They also see that big data is attracting serious investment from technology leaders such as IBM and Hewlett-Packard.
- 3. OVERVIEW. Choosing the right Data. Built models that predict and optimize Business outcomes. Transforming the company’s capabilities.
- 4. Choosing the right data. >We should think in a way that how would you react if you present at that situation directly. >“What decisions could we make if we had all the information we need?” >New cloud-based technologies may also offer ways to scale computing power up or down to meet big data demands cost-effectively.
- 5. Build Models That Predict and Optimize Business Outcomes. >It helps us to start in a effective way. >Another beauty of this model building is we can conduct many statistical tests. >instead of it originates with identifying the business opportunity and determining how the model can improve performance.
- 6. Transform Your Company’s Capabilities Many companies grapple with such problems, often because of a mismatch between the organization’s existing culture and capabilities and the emerging tactics to exploit analytics successfully “Using big data requires thoughtful organizational change, and three areas of action can get you there.”
- 7. INSIGHT A data analytics would be more complicated without knowing the meaning of comparision on which we are doing. Even so, our experience reveals that most companies are unsure how to proceed.
- 8. INSIGHT 2: According to research by Andrew McAfee and Erik Brynjolfsson, of MIT, companies that inject big data and analytics into their operations show productivity rates and profitability that are 5% to 6% higher than those of their peers “Big Data:The Management Revolution” in this issue.
- 9. MANAGERIAL RELEVANCE. One has to hire plenty of data scientists,should know the latest trends and submission status. Managers are lead to responses, where every decision Has to be choosen perfectly.on the basis of this we can analysie easily. Powers of promotion. Should Know the risk management and should be able to response according to that. As more companies learn the core skills of using big data, building superior capabilities may soon become a decisive competitive asset.
- 10. • The launch included training—led by company management— and a new promotions-analysis tool for sales representatives. However, after an initial whirlwind of activity, the program and use of the tool fizzled. • Those program leads to develop skills and able to optimize the data in effectively.
- 12. Kathala Krishna Chaitanya rao