IntelTrax Top Stories August 10 to August 16
August 20, 2012
This week the IntelTrax blog published some excellent articles on data analytics and search technologies.
One of the most notable analytics developers for Web sites is the search giant Google. “eGoogle Analytics Is No Longer the Only Game in Town” discusses some other options for those companies that are not satisfied with what Google is offering.
The article explains:
“If you operate your own website, analytic software can be crucial in order to track exactly how well your site is doing. Without this software, you can do whatever you want with your site, but you will never know if it is getting more visitors, aside from the amount of comments. When you look at the possible options you have for analytic software, the most popular choice is Google Analytics. However, if you’re not a fan of Google or its Analytics package, there’s no need to fear. There are still a handful of options for you to try out.”
Another article of note discusses the recent dramatic increase of unstructured data in almost every industry. “Growth of Text Analytics in Response to Unstructured Data” discusses the fact that there has also been an explosion of data analytics solution to make sense of all this new data.
When discussing some great solutions available, the article states:
“The Text Analytics market is rapidly consolidating with numerous mergers and acquisitions over the past year. Oracle purchased Endeca for its technology to mash up unstructured data from many different data sources. HP acquired similar technology from Autonomy. IBM picked up Vivisimo and Lexmark for their rich search features. Popularity of Big Data is driving huge interest in the area of text analytics, and that interest is causing the technology to evolve quickly. Text analytics techniques, for example, are becoming increasingly richer and more sophisticated in the information and insight which they can provide.”
While there are a lot of amazing data analytics solutions on the market, many companies are also feeling the effects of a downtrodden economy, so choosing an affordable solution is a very important part of their decision making process. “CFOs Demand a Reduction in Costs and Increase in Competitive Edge” argues that companies are utilizing data analytics solutions as a way to cut costs and create new growth opportunities.
Here are some qualities that companies in New Zealand and Australia are looking for in their products:
“As a discrete process, like CRM, corporate performance management is particularly well suited to a cloud delivery model. It provides organizations greater flexibility, lower capital costs and fast implementations that take weeks rather than six plus months. The end result is customers fast-track uncovering business opportunity. We’re excited about partnering with Host Analytics as it provides our clients a unique value proposition at a time when CFOs and CIOs are telling us that their number one priority is to reduce costs and gain competitive advantage with business analytics.”
The three articles that I have highlighted drive the point home that companies, regardless of their industry, are looking for text analytics solutions that will efficiently make the most of their limited resources and time. Digital Reasoning is a relatively young provider that understand the unique needs of small and midsized companies and offer their Synthesys platform as a solution that provides all the necessary data crunching tools and apps needed for most industries.
Jasmine Ashton, August 20, 2012