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Next Generation Analytics
Next Generation Analytics
Next Generation Analytics

Next Generation Analytics

Date: March 10th, 2012 | Categories: Cloud Computing, Industry Buzz, Next Generation Analytics | By:

Analytics is growing along three key dimensions:

From traditional offline analytics to in-line embedded analytics. This has been the focus for many efforts in the past and will continue to be an important focus for analytics.

From analyzing historical data to explain what happened to analyzing historical and real-time data from multiple systems to simulate and predict the future.

Over the next three years, analytics will mature along a third dimension, from structured and simple data analyzed by individuals to analysis of complex information of many types (text, video, etc�) from many systems supporting a collaborative decision process that brings multiple people together to analyze, brainstorm and make decisions.

Analytics is also beginning to shift to the cloud and exploit cloud resources for high performance and grid computing.

In 2011 and 2012, analytics will increasingly focus on decisions and collaboration. The new step is to provide simulation, prediction, optimization and other analytics, not simply information, to empower even more decision flexibility at the time and place of every business process action.

from www.gartner.com

Gartner Identifies the Top 10 Strategic Technologies for 2012

In just a few years, the communications landscape has under­gone a dramatic transformation. The once ubiquitous idea of having a mass market of customers is nearly obsolete, as consumers are more informed than ever and are increasingly demanding more affordable, individualized communication products and services. To compete in this era of the �empowered consumer,� industry leaders are under huge pressure to capture – and utilize – every relevant tidbit of data available in their efforts to understand the customer experience, reduce costs and boost profit.

In addition to helping organizations better understand their customers� needs and tailor their individual experiences, next generation or advanced analytics also enables fine-tuning of sales and marketing efforts, reduced operating costs and a boost to the bottom line.

Descriptive analytics can shed insight into the current customer base and operational trends in order to inform processes and increase overall efficiency. Adding predictive analytics can inform a future-focused strategy. The ability to accurately predict how profitable a customer will be instead of simply how profitable he or she has been enables communications companies to offer the right product and the right level of customized personal attention using the best channel to maximize sales and profitability.