Operational Analysis Can Drive Competitive Advantage and Combat Data Scientist Shortage, New Report Says

ATLANTA, July 3, 2013 /PRNewswire/ -- Operational Intelligence Platforms are the prescription for transforming big data into powerful business insights and better business decisions, and helps fill the need for data analysis expertise, according to a new report released by GigaOM Research.

The report "How Big Data Analytics Drives Competitive Advantage" envisions insights delivered as a service, enabling end users to leverage the cloud and subscribe to a set of insight-driven analyses targeted at their enterprise needs and improving the time-to-insight model.

The report details the value of actionable analytics and how emerging big data analytics stores or marketplaces will empower business decision makers. The author, Benjamin Woo, GigaOM Research analyst and managing director, Neuralytix, Inc., frames the need for decision-support systems that can provide reliable insights and recommendations. Using the Neuralytix information model as a framework, the report explains that when an enterprise gains insight into its data, the result is truly the opportunity to innovate and gain a competitive advantage. Insights are gained through the integration of internal and external data sets, as well as by analyzing the complete data set to provide an output that can be immediately acted on. When this actionable output is combined with human intuition and experience, it fuels better tactical and operational decisions across the enterprise.

Oversight Systems, an innovative, global data analysis software company focused on analyzing and acting on data to uncover revenue opportunities, improve core business operations and discover and prevent corruption, fraud and waste across the enterprise, contributed to the report. Based on expertise stemming from over 10 years of development of its Operational Analysis Platform, Oversight helps businesses and government agencies move from talking about big data to quickly generating and delivering operational insights for greater business success.

The complementary report is available for download at http://www.oversightsystems.com/about_us/gigaom_whitepaper_2013.php.

About GigaOM

Founded in 2006, GigaOM has grown into the leading independent voice on emerging technologies and the disruption of media. The GigaOM news network's online audience of 5.5 million monthly unique readers relies on its definitive coverage of cloud, mobile, cleantech, consumer web and media. GigaOM Research offers the highest quality research and analysis of emerging technology markets and the companies making a difference in those sectors. GigaOM Events bring together the people innovating, shaping and defining the ongoing evolution of the technology industry.

About Oversight Systems

An innovative data analysis software company, Oversight Systems acts as a virtual data analyst, transforming big data into targeted, actionable insights for enterprises and government agencies. The Oversight Operational Analysis Platform acquires data from multiple sources, including ERP systems and external and unstructured data, and precisely applies predictive analytics, transaction monitoring and evidential reasoning analysis to deliver insights and drive action at the front lines for better decisions. Oversight's platform is newly available for consultants and other third parties to develop and deploy their own expertise. Based on its platform, Oversight provides operational analysis point solutions designed to target specific areas of risk and opportunity, including corruption, fraud, payment/billing errors, customer retention and revenue management. An SAP and Oracle partner, Oversight customers include a range of Fortune Global 500 companies and government agencies. Visit www.OversightSystems.com for more information.

SOURCE Oversight Systems