How to use advanced analytics to benefit from your big data

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IFS Radio Network podcast: How IT professionals and business leaders can use and benefit from the game-changing power of advanced analytics.

It has been reported by the International Data Corporation (IDC) that the market for worldwide business analytics and big data technology services will grow to a whopping $200 billion by 2020. But why? And what does this mean for businesses?

Well, the market is growing because of big data. Most of us are familiar with the term “big data” and it’s not exactly new news for us in business, but it’s the driving force behind this projected market growth.

The data sets that we are receiving from our software applications must be collected, analyzed, shared and acted upon, either manually or automatically. To execute that process efficiently, successfully and profitably, we also need our software to provide advanced analytics capabilities—and we need to know how to use them.

At the end of the day, big data needs to result in information that’s actionable. You can collect whatever data you want, analyze everything, but in the end, you can only profit from it if you know how to use advanced analytics to make informed decisions and take action.” —Bas de Vos, Director of IFS Labs

Advanced analytics in practice

So let’s talk about how can we use advanced analytics to benefit from the big data we’re collecting. In this IFS Radio Network podcast, Roy Wagemans, IFS’s Product Marketing Director, sits down with the Director of IFS Labs, Bas de Vos, to discuss how users of IFS solutions and products can use advanced analytics.

This podcast will answer the following questions:

  • What does this market increase mean for your business?
  • Are big data and advanced analytics one in the same?
  • How can your organization use advanced analytics to benefit from big data?
  • What advanced analytic capabilities are built into IFS’s current solutions and products?
  • What is IFS Enterprise Operational Intelligence? What is the IFS IoT Business Connector? How do they help you to manage and benefit from your data?
  • What does the use of advanced analytics look like in practice?
  • What does the future of advanced analytics hold for your business?

Trouble listening? Download the podcast here.

What are your thoughts on big data and advanced analytics?

We’d love to hear them so please leave us a message below.

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