The visual data discovery (VDD) approach increases the probability that business managers will find the information they need in time to make effective decisions. This is the main reason behind VDD’s rapidly growing fan base. While traditional BI solutions can be invaluable, they do have limitations. Dashboards come in handy in few cases, but there is still a fundamental problem – the dashboard designer must have anticipated the need for that line of questioning or train of thought when the dashboard was originally built.  So, if unexpected questions arise, business managers end up making decisions without data, operating on gut feel alone.  And that means they end up operating without real answers at all! So, here’s the key question:  Do you ever get questions in your logistics operations that are unexpected and hard to answer? This is where visual data discovery tools excel.Visual data discovery tools provide a rich, visual environment that enables business users to easily interact with, and manipulate, information directly, hands-on.  They provide a compelling solution to help business managers explore data, without the assistance of skilled IT staff.

To know more, visit David White’s article by clicking on the following link:

http://logisticsviewpoints.com/2014/04/07/new-approaches-analytics-revolutionize-logistics/

It is estimated by the research firm, Gartner, that in the year 2014, healthcare providers of India will spend approx. $1.08 billion specially to improve technological supports and IT infrastructure. R Chandrashekhar, President, Nasscom, said healthcare sector will focus more on implementing information technology to enhance their value chain.

Please go through the link for more details: http://www.dnaindia.com/money/report-healthcare-to-contribute-1-billion-to-it-sector-in-2014-gartner-1966870

To find new opportunities and minimize current problems, it is important for an organization to collect and use big data efficiently. On a day to day basis, Excel is a common tool. But when it comes to analyze huge data, sometimes Excel becomes inefficient. The probability of errors are always there in spreadsheet, especially when data set is more complex. A blog by Renat Stewart, Banking Officer at M&T Bank, talks about how to utilize Excel spreadsheet in an efficient manner.

Please follow this link : http://www.riverlogic.com/2013/05/data-complexities-prove-excel-spreadsheets-difficult-to-maintain/

The box of treasure that analytics promises, contains the ability to fully understand customer behavior, derive actionable insights, and further tailor customer experiences to meet the needs of any segment. It is estimated  that big data will grow from 12 billion dollar industry to 53 billion dollar industry by 2017. However, with various types of investments and expectations that exist across many industries; it will not be easy to achieve the capabilities needed to derive deep insights and decisions making mechanism. Many firms still struggle with capturing basic information, collecting external customer information, social media information, and measuring wallet share. However, based on a recent Forbes survey, 63% of the firms reported a transformation impact on their business, by an integrated approach to analytics, where predictive modelling, customer analytics, and big data are working together using cloud services. The investments are starting to pay off, which indicates there may really be a pot of gold that awaits those who pursue the analytics path.

To read more, visit the following link:

http://www.business2community.com/business-intelligence/reaching-pot-gold-investments-analytics-paying-0801572#ssAKHfblgoitLWGX.99