Thoughts

Last week, we took at look at 5 startups doing cutting edge work in predictive analytics. But there really are so many examples of innovation in predictive analytics, that we couldn’t include them all in a single post, and have spread them out over to this post too. Here are 4 more startups that are paving the way for a future in predictive analytics.

This first post starts with a disclaimer that it's a contrary to popular opinion on business analysis. Tim Wilson begins stating that dashboards are primarily for performance measurement, and not for recommendations. Then, he goes on to argue that business executives should expect dashboards to simply alert them to the state of their business, after which there should be a joint effort between the analyst and the recipient of the dashboard to analyze the data and decide necessary action. This way the time to take action is reduced drastically, and the outcomes are more in line with business goals.

In part 1 of this series on predictive analytics, we discussed the variety of data, particularly unstructured and semi-structured data, and the three types of predictive analytics. We also touched upon the approach of continual optimization of a predictive analytics system for it to become more and more accurate. With those basic concepts in place, we’re ready to take a tour of the various applications of predictive analytics as it’s used in businesses today. You can think of this as the hall of fame of predictive analytics. These businesses are playing “where the puck is going to be”

This week’s data digest takes a look at how data can transform CRM systems in the future, how it’s changing the way news is consumed today, and finally how visualization helps us comprehend complex patterns in data.

Since the beginning of time, we’ve always been fascinated with knowing what lies ahead. We started with predicting the seasons and weather patterns, and using that information to know when to sow seed, and when to harvest. Though some have the attitude ‘Que sera sera, whatever will be, will be,’ people have a fundamental desire to stay informed. Businesses are no different. Business leaders love the idea of certainty when making decisions.

This week's data digest covers some interesting arguments and use cases for and against the hype around Big Data. We also revisit the question of 'buy vs build' when it comes to software libraries.

In this series of blog posts titled 'Embracing Raphaël', we're taking you behind the scenes, giving you a glimpse of the nuts and bolts that power FusionCharts products, sharing our perspective on the technological shift that's happened in the data visualization industry over the past few years, and how it's influenced our products. If you've… Read More »

It all began in 2002 when our CEO, all of 17-years then, was fed up of *boring* charts in Excel. This, alongside an opportunity to tap into the lack of interactive charting solutions on the web and rake in decent pocket money set the ball in motion. He figured out an innovative way using Macromedia… Read More »