The software used by the Analytics Answers service can analyze a variety of information from social to geospatial to machine data. To remove barriers to adoption, Analytic Answers is available to clients as a service via the IBM Smart Cloud, a subscription-based cloud environment. In addition, larger enterprises will find the capability appealing when trying to quickly ramp up pilot projects on a budget that could benefit from predictive analytics. For example, increasing retail customer spend with highly targeted offers for a new product launch, increasing insurance policy renewal activity by identifying cross selling opportunities, or determining at-risk students in time to address educational challenges.Analytics Improves Finance Department ProcessesRegulatory, compliance, and performance reporting requirements are growing in complexity and urgency, requiring a combination of diverse data from the enterprise and narrative text for regulatory filings such as 8Ks, investor presentations, debt management reports in treasury, and operation reviews. Today most finance departments use a very labor intensive, manual process to create required reporting. According to the Hackett Group, 82 percent of management reports are created using spreadsheets as the primary business application. This process is time consuming, error prone, and every time a change needs to be made the process has to be repeated, opening up greater risk.
IBM Helps Organizations Tackle Industry Specific Big Data Challenges
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