Saying your business is driven by data analytics is one thing. Using it to your advantage is quite another.
Brands often expect immediate benefits from data analytics, without using insights to help steer their marketing efforts.
About three quarters (74 per cent) of enterprise architects aspire to be data-driven, yet less than a third (29 per cent) say their companies are using it to generate measurable business outcomes, according to a report from Forrester. The report says data insight will be a “key competitive weapon” for companies this year.
This performance gap is driving an increase in demand for streaming analytics and what Forrester calls “systems of insight.” For most organizations, the best approach is a solution that captures customer insight and engagement in real time.
An example is the integration of IBM Cloud and Bluemix, which can deploy cognitive APIs to analyze a high volume of social media data in seconds using streaming analytics.
When combined with Watson’s Personality Insights, 40 calculated personality traits can show you if the people viewing your ads match the profiles of your target customers.
Analyzing continuous, incoming data and stitching that data together over time can also create something special: moving pictures of data that tell a powerful story. The bonus: It’s something companies can immediately act on.
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