In evolutionary biology there is an interesting concept called “punctuated equilibria,” which is used primarily to explain why the fossil record seems to abruptly change after long periods of apparent calm, or ‘stasis’ as it is called. To understand this better, think of a stairway where the length between each step represents how long a species is able to survive before another...

Wal-Mart handles more than a million customer transactions each hour and imports those into databases estimated to contain more than 2.5 petabytes of data. Radio frequency identifcation (RFID) systems used by retailers and others can generate 100 to 1,000 times the data of conventional bar code systems. Facebook handles more than 250 million photo uploads and...

World over there is a lot of excitement today around big data. It has become both a buzzword and a reality with organizations being unclear of the value locked up in data resources. India is no different However what we need to understand is that it's not about how big the data is - it's what you are going to do with it.

„Der Erfolg unserer Kooperation zeigt, dass SAS unsere langfristigen Ziele versteht und gemeinsam mit uns optimale Lösungen entwickelt. Die Technologie von SAS hilft uns dabei, in den verschiedensten Betrugsszenarien den Kriminellen immer einen Schritt voraus zu sein. Wir sind davon überzeugt, dass uns die SAS Lösung im Kampf gegen Betrug einen entscheidenden Schritt...

Interne und Externe Herausforderungen für Versicherungsunternehmen. Erhöhte Häufigkeit von Änderungen der Rechnungslegungsstandards und Vorschriften/Anforderungen (IFRS, Solvency II, E-Bilanz, GRI, etc.) Erhöhter Umfang und Formate hinsichtlich der geforderten Angaben (Excel, XBRL, Word, PDF, etc.): Gewährleistung der Konsistenz aufgrund hoher...

Big Data eine große Chance für die IT, die Datenbeschaffung wieder zu ihrem Thema zu machen und wertschöpfend tätig zu sein. Stefan Sexl: Wenn man den BI- oder Data Warehouse-Markt beobachtet, ist das Thema Skalierung seit Jahren ein Marketing-Schlachtfeld der Anbieter, die versuchen, sich in Terabyte und Petabyte gegenseitig zu übertrumpfen. Jetzt kommt die...

This month, the Analytic Hospitality Executive explores the topic of revenue management and price optimization. Throughout the month we will be exploring the opinions of academics as well as industry thought leaders as to which direction pricing will take for the future. Today, I will discuss the current use of competitive rate data in revenue management and some new...

From the Analytically Speaking panel discussion this morning -- a live webcast I watched with hundreds of other people -- I picked up a multitude of strategies for helping co-workers, managers and executives become comfortable with using analytics to inform decision-making. Here are 10 of my favorite tips from that discussion:

Now more than ever, your guests have access to an ocean of price intelligence on the Web and are using your rates to compare you to competitors to make their buying decisions. As a result, your competitors' rates can have a direct impact on the demand for your hotel. So you collect the data on your competitors' rates, but pricing is difficult enough without struggling to...

Marketers are under great pressure to move beyond creative thinking and become more results-driven. The emergence of website optimization has enormous upside for both companies and site visitors. Site optimization involves a complex system of people, process and technology.