By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Analytics or Information Management?
Share
Notification Show More
Latest News
big data mac performance
Data-Driven Tips to Optimize the Speed of Macs
News
3 Ways AI Has Helped Marketers and Creative Professionals Streamline Workflows
3 Ways AI Has Helped Marketers and Creative Professionals Streamline Workflows
Artificial Intelligence
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Analytics or Information Management?
Business Intelligence

Analytics or Information Management?

MIKE20
Last updated: 2010/06/11 at 7:21 AM
MIKE20
4 Min Read
SHARE

It looks like 2010 will be the year of Analytics with advertising from most of the major players and tie-ups between IBM and SPSS as well as Accenture and SAS just to name a couple of high profile examples.  Read a little deeper though and the real business activity gets a whole lot more interesting.

It’s true that most of the focus has recently been on analytical techniques, with books such as Competing on Analytics (Davenport and Harris) popularising terms like “Analytics Competitor”.  Improvements in computing power have also made complex analytics practical on almost every dataset.  However, what is really driving the trend?  Davenport and Harris themselves provide some of the evidence in their book when they identify that one of the most important factors in the take-up of analytics is the presence of a leader (typically the CEO) who believes in the power of analytics and data.  They use in their book a quote, original from W. Edwards Deming): “In god we trust, all others bring data”.

What does this all mean?  Fundamentally the pinnacle of extracting value from data is interpreting it, to do this you need very clever analytics.  To do the …

More Read

supply chain analytics

Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues

How can CIOs Build Business Value with Business Analytics?
Seven Benefits of Using AI to Perform Text Analysis
7 Data Lineage Tool Tips For Preventing Human Error in Data Processing
Data Analytics Plays a Vital Role in Teacher Verification Software

It looks like 2010 will be the year of Analytics with advertising from most of the major players and tie-ups between IBM and SPSS as well as Accenture and SAS just to name a couple of high profile examples.  Read a little deeper though and the real business activity gets a whole lot more interesting.

It’s true that most of the focus has recently been on analytical techniques, with books such as Competing on Analytics (Davenport and Harris) popularising terms like “Analytics Competitor”.  Improvements in computing power have also made complex analytics practical on almost every dataset.  However, what is really driving the trend?  Davenport and Harris themselves provide some of the evidence in their book when they identify that one of the most important factors in the take-up of analytics is the presence of a leader (typically the CEO) who believes in the power of analytics and data.  They use in their book a quote, original from W. Edwards Deming): “In god we trust, all others bring data”.

What does this all mean?  Fundamentally the pinnacle of extracting value from data is interpreting it, to do this you need very clever analytics.  To do the analytics, you need great data that is not biased by any management interpretation – that sounds a lot like Enterprise Data Management.  To leverage the analytics, you need an organisation that is committed to using information, learning from the past and applying it to the future – that sounds a lot like Information Management.

2010 is going to be very interesting with the hope that we can bring data, information and analytics to the fore of business thinking.

Link to original post

TAGGED: analytics, data interpretation, enterprise data management, information management
MIKE20 June 11, 2010
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

big data mac performance
Data-Driven Tips to Optimize the Speed of Macs
News
3 Ways AI Has Helped Marketers and Creative Professionals Streamline Workflows
3 Ways AI Has Helped Marketers and Creative Professionals Streamline Workflows
Artificial Intelligence
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

supply chain analytics
Analytics

Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues

6 Min Read
Analytics

How can CIOs Build Business Value with Business Analytics?

8 Min Read
text analytics
Text Analytics

Seven Benefits of Using AI to Perform Text Analysis

9 Min Read
data lineage tool
Big Data

7 Data Lineage Tool Tips For Preventing Human Error in Data Processing

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?