Business Analytics

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Tuesday, November 18, 2008

The Commoditization of Analytics

This is an article that argues that since analytics are based in long-standing math concepts they should be treated as a commodity. Hence, the difference in analytics is not the software vendor but:
  1. The domain knowledge of the company doing the implementation of any decision-support system.
  2. The total cost of the implementation should consider Software-as-a-Service as an alternative to reduce costs.
  3. Visualization of analytics is an important component when dealing with large datasets.

This particular point of view is targeting the CFO and CIO from companies that are under pressure to deliver cost-effective solutions that have a direct impact on profitability during recessionary times.

1 comments:

George said...

Actually it is advisable to use sales analytics or sales metrics tool to track your sales and business data in a fast and efficient manner. These days companies are spending a lot on such tools and software to save time.

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alberto
An attorney by education; a mathematician and software architect by choice; a poet because I must find a way to express myself; an Information Technology and business analytics executive because I need to pay the bills (kids at Stanford, Northwestern and BYU). Owner of R&R Analytics. Specialist in the areas of predictive modeling, data mining, and performance management. See profile at: http://docs.google.com/Doc?docid=0AU75NdJvHN9SZHhzMmNyd180ZmRwcTc2YzU&hl=en
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