Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Data Analytics Study Uncovers Billions in Potential Revenue.
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Data Analytics Study Uncovers Billions in Potential Revenue.
Business Intelligence

Data Analytics Study Uncovers Billions in Potential Revenue.

Brett Stupakevich
Brett Stupakevich
3 Min Read
SHARE

Class of students 150x150 photo (data analytics)Whenever a teacher gives out bad grades, the kindest way to share bad news is to explain ‘room for improvement’ — that approach is key to a University of Texas research project showing

Class of students 150x150 photo (data analytics)Whenever a teacher gives out bad grades, the kindest way to share bad news is to explain ‘room for improvement’ — that approach is key to a University of Texas research project showing how some companies are using business intelligence and analytics tools to capitalize on the massive amounts of data being produced every day.  The study led  by McCombs School of Business Prof. Anitesh Barua found corporations have LOTS of untapped potential. In plain English, you’d call that ‘leaving money on the table.’ “We show that in the median Fortune 1000 business, increasing the usability of data by just 10 percent translates to an increase in $2.01 billion in total revenue every year,” he says.  In short, operational improvement using data.

In a series of reports by Texas Enterprise — a new online business review from University of Texas-Austin — Barua examines the gap separating data from action that can yield results and profits.   The ability to introduce new products that are needed in the market is just one response enabled by business intelligence, yet many CIOs and other top executives view data and technology systems as projects to be completed, not as assets that can be optimized for ongoing data analysis.

Studying more than 150 companies worldwide, the researchers found the gaps where companies often under-use or undervalue the data they already possess. And other examples of companies had quantifiable opportunities to grow their customer base or expand their product/service offerings if only they better-managed the accuracy of planning, forecasting and charting a data-driven future.

More Read

“We are witnessing a seismic shift in information technology — the kind that comes around every…”
3 Ways AI In The Business World Can Lead To Industry Improvement
Early Indications March 2009: A Disruption Scorecard
No Long Tail from iTunes
In Search of Actionable Insights from Social Media Data

Dr. Barua and researchers at the Indian School of Business examined four features of data inside corporations: quality, intelligence, usability and mobility. Each of those characteristics are on the rise meaning companies should be getting smarter, faster.

How can data accelerate your business and profits?

David Wallace
Spotfire Blogging Team


 photo (data analytics)

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Wal-Mart is taking its in-store network digital, launching the…

1 Min Read
big data HR
AnalyticsBest PracticesBig DataBusiness IntelligenceCulture/LeadershipData ManagementInside CompaniesWorkforce AnalyticsWorkforce Data

HR Vendors: Is It Time to Stop Talking About Big Data?

0 Min Read

Data Mining Search Engine Update

1 Min Read

Taxing Matters

4 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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?