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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Analytics: The combustion engine of business

Business intelligence is certainly a good area to be in right now. It is expanding faster than any other area of the enterprise application landscape. According to Gartner (an American information technology research and advisory firm), the business intelligence market (including data warehouses and CRM analytics) is growing nine percent per year. While it was worth $57 billion at the end of 2010, it will surge to $81 billion by 2014 and as high as $136 billion by 2020. Because analytics is the "combustion engine of business," organizations invest in business intelligence even when times are tough. Gartner predicts the next big phase for business intelligence will be a move toward more simulation and extrapolation. Gartner surveys show most users still focus on measurement of the past, with only 13 percent of users making extensive use of predictive analytics. Less than 3 percent use prescriptive capabilities such as decision/mathematical modelling, simulation and optimization. "This trend is changing as organizations express an interest in increasing their use of advanced styles of analytics," said Sallam (analyst at Gartner).To know more go to:

http://www.enterpriseappstoday.com/business-intelligence/gartner-taps-predictive-analytics-as-next-big-business-intelligence-trend.html

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Gartner positions Rapidminer as Leader in Advanced Analytics Platform

With the release of its first ever Advanced Analytics Magic Content, the information research and technology advisory firm Gartner reveals Rapidminer is fast emerging as a leader in advanced analytics as against the legacy Business Intelligence Softwares like SAS. 

Big Data and Analytics was one ofthe most hot talks over the internet in 2013 and it is likely to trending upwards in 2014 also as companies are making use of predictive and advanced analytics more and more as business environment is increasingly becoming volatile. 

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