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.
"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)
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)
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)
"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)
2011 News and Views to be added soon
2010 News and Views to be added soon
2009 News and Views to be added soon