WHEN KNOWING WHAT HAPPENED IS NOT ENOUGH

In a recent article in the Oil & Gas Financial Journal, Extracting More Value from Big Data, I discussed the value of Big Data and agile business intelligence (BI) to companies in the oil and gas industry. I covered four areas where analytics can make a big difference:

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DATA DISCOVERY BY THE NUMBERS

The math is simple. The problems it describes, not so much.

As Forrester notes in a paper published in March of this year, Boost Your Business Insights By Converging Big Data And BI, organizations spend 80 percent of any analytics initiative on data integration. We hear this from clients as well and, in fact, they often put that number on the low side.

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WHAT DID YOU DO IN THE...?

Ten, Top-flight Things Accomplished by Search-based Applications

Those of us not engaged in the latest social media or game-based start-up may not be at the center of social conversation, or media attention, but that eternal question (whether you’re a parent or a party person) inspired me to jot down a list.  Its contents – specific, successful solutions derived from innovations powered by search and related technologies. 

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THE OTHER SHOE HAS DROPPED

Is the Hayes/LIBOR sentence the beginning or the end?

Just two months ago – seems like yesterday – the news on the Street was Deutsche Bank’s agreement to pay a record $2.5 billion penalty for its role in the London Interbank Offered Rate (LIBOR) wire fraud scandal. Last week, a unanimous jury convicted London banker Tom Hayes to 14 years in prison –despite his pleading that his behavior was known and condoned by his employers.

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UNSTRUCTURED CONTENT: A VALUABLE ASSET FOR YOUR BI

The other day I Googled “unstructured content is messy,” and I got a lot of interesting results. But they all reached pretty much the same conclusion: “Yes, it’s messy, but it’s also really valuable. So deal with it.”

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BOOSTING THE IQ OF YOUR BI INITIATIVES WITH TEXT ANALYTICS

We’ve been talking a lot lately about the value of data discovery—finding all the relevant data and data sources in an organization. That’s one powerful capability of the Attivio platform.

But once you’ve found and indexed all your data sources, then what? Of course, structured data can easily be provisioned for BI applications. On the other hand, unstructured content needs a different approach: taxt analytics.

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CADEON AND ATTIVIO PARTNER TO SUPPORT INFORMATION DISCOVERY IN OIL AND GAS INDUSTRY

Cadeon Associates Inc. is an Information Services Company located in Calgary, Alberta, Canada. Cadeon helps its enterprise clients turn information into real value. Whether they use the information to keep people safe, maximize the return on their assets, predict and avoid risks or find new ways of staying competitive, Cadeon is there to show the way with modern tools and services. Their goal is to help organizations “leverage ALL of your information so that you can fuel your company with it.” 

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UNIFY: THE FINAL STEP TO DATA DISCOVERY

As we’ve pointed out in two previous white papers, data discovery is a three-part process. Profile and identify—the first two steps—reveal where data resides and what it contains. The third step—unify—is the final step to full data self-service. It provides business analysts and data scientists with the connections and relationships between data elements that unleash the power of data.

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DATA DEXTERITY: THE KEY TO COMPETING ON ANALYTICS

In a 2011 interview with McKinsey & Company, West Point graduate, former U.S. Army Ranger, and retired Proctor & Gamble CEO Bob McDonald points out that the military coined the term VUCA—volatile, uncertain, complex, and ambiguous.[1] McDonald felt that technology—and specifically the intelligent use of data—was the only way to effectively manage in VUCA environments. It presented the key to better innovation, higher productivity, lower costs, and faster growth.[3]
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