The Three R’s Are Old School – Now It Is All About Volume, Velocity & Variety by Peter Guest

The world is changing and becoming more instrumented, interconnected and intelligent. The resulting explosion of information creates a need for a new kind of intelligence to help build a smarter planet!

 

 

 Why Business Analytics Matter

The Need for Analytics is Pervasive Across Business and Industry

  • The healthcare industry spends $250 -$300 billion on healthcare fraud, per year. In the US alone this is a $650 million per day problem.
  • One rogue trader at a leading global financial services firm created $2 billion worth of losses, almost bankrupting the company.
  • $93 billion in total sales is missed each year because retailers don’t have the right products in stock to meet customer demand.
  • 5 billion global subscribers in the telco industry are demanding unique and personalized offerings that match their individual lifestyles.

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