Marketing automation's time has finally come, but it's been a long, tortuous road. We now know that analytic prowess will separate the winners from the rest of the pack in digital marketing. But, best-in-class analytics are not the same as they were years ago — we’re operating in a new business environment.
As predictive analytics comes into the fore, it’s clear there’s a new relationship being forged between users and technology. Opera Solutions’ Laks Srinivassan spoke about this in an interview with Risk Management, saying, “Whether it is a risk manager, portfolio manager, CEO or marketer, it’s all about man and machine working together.”
While technology will never be able to replace the in-person experience, we are seeing impressive new ways companies are culling local knowledge and images to provide more color (literally and figuratively) around the goods they’re interested in. It’s called hyperlocal data collection and analysis. Learn more here.
“We are honored and humbled by this award,” said Opera Solutions' CEO, Arnab Gupta. “The fact that, unsolicited by us, our customers and prospects have singled us out as the company whose products provide the most substantial ROI in the Big Data/analytics space is a testament to the brilliance and dedication of our scientists, domain experts, and technologists throughout our company.”
Opera Solutions today announced the release of BIQ 5.0, a spend analytics solution that uses dynamic charting to help procurement managers easily spot hard-to-find savings opportunities. With the release of BIQ 5.0, users will discover more insights about their corporate buying behaviors than ever before and can use those insights to negotiate with suppliers and control maverick spend.
Opera Solutions has announced that Bernhard Nann has joined the company as chief executive officer. Bernhard was most recently president of Operations and Technology at IRI. Arnab Gupta, founder of Opera Solutions, will serve as executive chairman of the company. Arnab is shifting his primary focus to driving revenue growth and helping realize the long-term vision of the company.
Don’t “assume that if you're first, you're going to get a competitive advantage,”
Opera Solutions' CEO, Arnab Gupta, tells InformationWeek as he addresses the myth that Big Data is the next paradigm that must be seized even if a company doesn’t know what to do with it. Read his take on the other Big Data myths.
Where’s the intersection between predictive analytics and machine learning? That’s one of several questions Jacob Spoelstra, Global Head of R&D at Opera Solutions, will be addressing this week on Oct. 3 at DataWeek in San Francisco. He’ll also provide a brief history of machine learning and discuss some sample techniques we’ve utilized.
InformationWeek’s CIO Summit is part of Interop, an IT expo and conference happening this week in New York City. Opera Solutions’ CEO will participate in a panel on Big Data innovation at this exclusive event. He will explore how innovative companies can take advantage of new platforms and tools to capitalize on the growing volume and variety of information. This panel is taking place Wednesday, Oct. 2, at 3:30 p.m. ET.
Big Data, computing power, and emerging platforms are continuing to disrupt and reshape the environment for technology firms serving the financial communities, according to FinTech firms and venture capitalists at the New Jersey Technology Council’s (NJTC) FinTech Conference held at Opera Solutions’ Jersey City office.
British Airways knows surviving tough economic times takes better use of customer data. That’s why they’re augmenting their 1,000-strong IT department with third parties like Opera Solutions, a Big Data firm that is applying advanced science to extract predictive patterns from data and turn them into business outcomes, which they return to BA in an “as-a-service” fashion.
BIQ and Lexington Analytics, two leading developers and providers of spend analytics and procurement services, are now wholly-owned subsidiaries of Opera Solutions. These acquisitions represent major steps in Opera Solutions' continuing expansion in purchasing and supply chain analytics. (Spend Matters)
Opera Solutions' Global Head of R&D Jacob Spoelstra explains why machine-learning techniques are important to OS as data grows and changes at an explosive rate: "The machine responds to changes [in data] over time. It's about using feedback to help you make predictions," adding, "It's continuously improving your performance over time." (SD Times)
Jeff Kelly of SiliconANGLE writes "the combination of HANA and Opera's advanced data mining capabilities... will allow enterprises that lack the internal talent to deploy and manage Big Data on-premise to deliver near real-time predictive analytic capabilities to front-line workers as a service." (ServicesANGLE)
Slashdot's Nick Kolakowski says Opera Solutions' and SAP's new combination "could result in a platform more capable of analyzing large amounts of business data in real time," successfully meeting "the need for speedy and accurate analytics" as organizations adopt advanced analytic solutions. (Slashdot)
After being part of the consortium that tied for first place based on model performance in the Netflix Prize, Opera Solutions CEO Arnab Gupta put our "scientists to work creating Netflix-like algorithms for things that other businesses need," writes Business Insider's Julie Bort. It must be working, she posits, since, "today, Opera Solutions is generating $100 million in revenue."
In a recent story discussing SAP's HANA in-memory database technology, Joshua Greenbaum of Enterprise Applications Consulting writes, "A company like Opera, which 'packages' big analytics across a variety of industries, can provide a hybrid high-value market for HANA."
(Enterprise Applications Consulting)
"Mining useful information from large amounts of data housed in databases, documents, social media and web content has become a chief preoccupation" for Morgan Stanley Smith Barney, writes CIO Journal's Chris Boulton. To accomplish that they're relying on Opera Solutions' analytics software.
(The Wall Street Journal)
"We believe that the best front-line answers come when people partner with machines, can deeply understand and easily work with analytic output," says Opera Solutions CEO Arnab Gupta, speaking about OS' collaboration with leading data visualization software provider, Advanced Visual Systems. (Advanced Visual Systems)
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