Database of Things (DoT): The future of database. Has it’s time come?

The next big thing in information and communication technology is the ‘Internet of Things (IoT)’. IoT will change the way devices, traditionally considered as unintelligent, start communicating through internet and in the process enrich our lives. For the end user, everything appears to happen automatically, but in reality the onus is on IT organizations to 

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It pays to modernize your data architecture

In today’s world where data is collected at every interaction, be it over the phone, mobile, PC, sensors, with or without us knowing, it becomes important to have a strategy around data. Traditionally, data has been seen as something to “run the business,” but, in today’s context, it can actually “be the business” if monetized 

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Applying predictive analytics for application health

Most enterprises spend a significant part of their IT budget on application development and maintenance (ADM). As per Gartner, ADM accounts for 34 percent of IT budgets. The cost grows as the technological complexity along with business processes and application size grows. IT managers focusing on reducing ADM costs face challenges from business owners looking 

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Six ways companies can succeed by exploring social media networks using DWBI

Social media platforms are rapidly becoming the new force behind the global 2000 companies, allowing companies to reach out and understand their valuable customers like never before. Social media networks analysis is the study of patterns of social relations. Through network analysis the behavior of social relations structure can be analyzed. Social media networks and 

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Enabling data discovery: Big data’s ability to solve bigger problems

Industry leaders are debating the co-existence of big data & traditional business intelligence. One group strongly believes traditional business intelligence will be washed away in the big data tsunami, while another group discounts big data as a big hype and vouches for traditional business intelligence as an organization’s bastion. Big data will continue to be 

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Developing a performance management system: Key considerations for a healthcare provider

Research by Donald M.Berwick and Andrew D.Hackbarth in April 2012 estimated that five categories of healthcare cost waste consumed $476 -$992 billion or 18% to 37% of the approximately $2.6 trillion annual total of all health spending in the US in 2011. There are multiple factors that lead to significant healthcare cost wastes. However, potential 

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5 reasons why financial institutions should adopt dashboard technology

The financial services industry is feeling increased pressure as compliance and risk management needs steadily increase. Driving this pressure are the new federal banking regulations and the increasing dollar amount of regulatory fines. Financial institutions’ senior leadership is faced with new challenges around managing risk in addition to managing the amount of resources dedicated to 

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Improving customer experience and the need for customer data management in the utilities sector

In the UK the Water industry operates on a geographic basis. If you live in a water company’s supply area, then that company bills you for the supply of fresh water and treatment of waste water. In the electricity and gas industry the retail market is more open and non-geographic, so you can have a 

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Operational risk is a Data issue

The Basel II framework  defined “Operational Risk” as “the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” It introduced a capital charge related to this risk. The specific definition of what constitutes that risk differs from institution to institution but is based on potential losses stemming 

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How Master Data Management can help Capital Market Organizations Onboard Clients, comply with Dodd-Frank and enable Business Transformation

It is important to keep in mind that most problems have more than one right answer; the challenge is to determine the best answer. The challenges raised by the Dodd-Frank Act provide the opportunity to determine which of the many potential solutions would be the best answer for your organization. Many of the banks that 

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9 Considerations for Enterprises Establishing a Mobile BI Strategy

Today’s “Gen Y” workforce, a workforce which embraces “Bring Your Own Device” (BYOD) including tablets, smartphones and other mobile devices, is forcing organizations to put into place comprehensive mobile Business Intelligence (BI) strategies. While the enterprise mobility team will be the primary drivers in terms of choosing the right mobile strategy, there are very specific 

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IBM Information on Demand 2012: A Look into the Future of Information Management

IBM’s Information on Demand (IOD) 2012 conference held in October at the Mandalay Bay in Las Vegas was like a theme park for information management. It’s one of the best forums for creating and experiencing the buzz among business partners, industry activities and customers. At this event, there were just as many new questions created 

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7 Ways to Use Big Data to Gain Competitive Advantage and Improve Customer Loyalty

We are finally starting to see companies using their customer data more effectively to gain better insights on consumer buying patterns and preferences, allowing them to increase their cross selling opportunities and improve customer loyalty. Historical analytics and marketing practices are falling short in reducing customer churn and combating declining revenue per customer.  With the 

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Cloud Computing Adoption in the Banking and Financial Services Industry

Despite the slow adoption of cloud computing by the banking and financial services industry with security and reliability being the major concerns, financial institutions are quickly resorting to cloud-based services to achieve increased agility and lowered total cost of ownership (TCO). According to IDC, worldwide revenue from public IT cloud services exceeded $21.5 billion in 

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