Infosys research: Less than a quarter of global enterprises think and act like digital natives8/30/2018 Infosys has released global research, The New Champions of Digital Disruption: Incumbent Organisations, that reveals that under a quarter of organisations surveyed, understand that commitment to digital is at the heart of true transformation. And, it is these organisations that are reaping rewards from digital disruption. According to the research, more than half of all respondents surveyed, rank focus on digital skillset as the most important factor in successful transformation, followed by senior leadership commitment and change management, implying the need for a conducive organisational culture. Visionaries, Watchers and ExplorersThe research identifies three clusters of respondents based on the business objectives behind their digital transformation initiatives.
True transformation begins from the coreWhile Watchers and Explorers are primarily focusing on emerging technologies like Artificial Intelligence (AI), Blockchain and 3D printing for digital transformation initiatives, Visionaries are not only looking at emerging technologies, but are also focusing strongly on core areas such as mainframe and ERP modernisation. Visionaries believe that true transformation comes from the core and without this in the background, digital technologies will not perform to their potential. The study reflects that their commitment to modernizing from the core will yield benefits, such as improved productivity and efficiencies. Agility in championing digital disruptionVisionaries watch and explore futuristic trends which currently escape the notice of the other two cohorts. They boast of increased clarity on opportunities and threats of digital disruption over Explorer and Watchers, as well as an increased ability to execute on them. Visionaries look further into the future. They attach a higher rating to the impact of market drivers such as Emerging Technologies (86 percent Visionaries vs 63 percent Explorers, 50 percent Watchers) and Changing Ecosystems (63 percent vs 39 percent, 31 percent) – enabling them to be agile and disruptive. Lack of digital skill set – greatest barrierWhen ranking barriers on the path to digitisation, building digital skill sets was found to be the most prevalent (54 percent) challenge for organizations, highlighting the lack of digital skill set available. Transforming from a low risk organisation to an organisation that rewards experimentation (43 percent) and lack of change management (43 percent) were the second and third greatest barriers, showcasing the turbulence and resistance to change associated with digital transformation. The importance of establishing an ecosystemBuilding in-house capabilities was on the list of 76 percent of Visionaries, who were keen on acquiring digital native firms, to quickly gain the digital skills that 71 percent of the Visionaries believed were lacking in-house. Thereby, showcasing the increasing trend towards acquisitions and development of a sustainable ecosystem. Comparatively, the proportion of Explorers and Watchers looking at the acquisition and ecosystem options was negligible. Enterprises are relying on their transformation partners to help them scale barriers. Preparing workforce for digital transformation and developing strong capability in managing large organisational change have emerged as top strategies to overcome these barriers. This is especially critical to Visionaries who are aiming to transform business culture. MethodologyInfosys commissioned independent market research company Feedback Business Consulting to undertake a study to understand the decision-making processes and challenges around the digital transformation journey businesses embark on. From March to April 2018, the qualitative and quantitative subset of the study was carried out, interviewing over 1,000 respondents senior management level executives who have a role in digital transformation initiatives. Respondents were from organisations with 5,000 employees or more and $1 billion global annual revenue. Overall, the respondents represented 11 industry groups from Australia, China, France, Germany, India, the UK, and the US. The post Infosys research: Less than a quarter of global enterprises think and act like digital natives appeared first on Statii News. from http://news.statii.co.uk/infosys-research-less-than-a-quarter-of-global-enterprises-think-and-act-like-digital-natives/
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Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) (FWB: 8BF) is pleased to announce that it has entered into a pre-solution design and ICO (Initial Coin Offering) consulting agreement (the “Agreement”) with Global CPQ. Global CPQ is a US-based company that is focused on revolutionizing the Enterprise CPQ (Configure Price Quote) space by developing a next-generation crypto-compatible Blockchain CPQ and Pricing Intelligence solution. Global CPQ’s aim is to equip sales teams with intelligent software that allows users to “spend less time quoting and more time closing” (https://www.globalcpq.com/). BCF will provide Global CPQ with the knowledge base to create its ICO and the architecture to begin building blockchain-based platforms; leveraging the Syscoin blockchain. “We are extremely excited about our strategic partnership with the team at Blockchain Foundry,” stated Pete Hogan, CEO of Global CPQ. “Our team has extensive experience in the technology consulting industry, and as a result we have very high standards when it comes to choosing a partner. The team at BCF is truly the best in the industry when it comes to building enterprise blockchain solutions, and their experts consistently deliver well beyond our expectations. We are very excited about the future of Global CPQ and we view this partnership with BCF to be a vital part of our long-term business strategy.” The Global CPQ Platform is designed to streamline the enterprise business-to-business (B2B) quote-to-cash process and will integrate seamlessly with Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) systems. Global CPQ’s Syscoin blockchain-based platform utilizes Syscoin’s immutable blockchain technology to provide the platform with quick, seamless transactions, enabling individuals to buy and sell with cryptocurrency or fiat in an encrypted, secure environment. “We are excited to be assisting Global CPQ with its ICO and blockchain ventures,” stated Sebastian Schepis, CIO of Blockchain Foundry. “We believe we will continue to see businesses migrating towards blockchain-based technology solutions in the coming year, and enjoy having the opportunity to share our knowledge with this great company.” Source: Nasdaq GlobeNewswire The post Blockchain Foundry Announces Consulting Agreement with Global CPQ appeared first on Statii News. from http://news.statii.co.uk/blockchain-foundry-announces-consulting-agreement-with-global-cpq/ Our modern economy is based on competition. Thanks to it, we decide how the funds are distributed among different companies, and every industry keeps improving and growing as each competitor wants to become better than other. Nowadays, the best way a company can do it is by introducing some sort of innovation to their production.
Logistics is definitely one of the industries that work by this principle. There is no way a company can get ahead just by choosing a specific road or a specific car – if you want to be number one, you have to use a more modern approach. Most people that are familiar with the industry think that only the most innovative technology can help a company to truly be on the forefront. But what exactly do you gain from implementing such technologies? 1. SecurityThis aspect is very important for the logistics sector. New ways of making it more secure are being created regularly, both in physical and cyber aspects. There is an area in IT, talked about a lot right now, that can be a huge help in the improvement of both of those aspects. That technology is blockchain. 2. Delivery timeHow exactly can the enforcement of new technologies help with the delivery time? Well, making the process more automatic and reducing the human role in most of its parts will lead to the overall reduction of time and increased accuracy for each order. 3. Customer experienceThe logistics industry barely provides any customer experience. There is nothing for a person to do except making their order and wait for it to be delivered. Thanks to the internet of things (IoT), though, a customer can get exact information about the position of their order at any point in time. It’s a great advantage because it allows a person to plan their activities according to this more accurate information. 4. Transparent processThe more automated the process is, the more possibility and reason for the information about it to have free access. The more open a company is, especially with such data, the more trustworthy it looks to a client. And the more trust a client has in the company, the bigger the possibility of a long-term partnership. 5. Low costsThanks to all the advantages listed above, it is probable that the number of orders for a company that implements these innovations will increase. However, can we be sure that it leads to a profit? What if the overall cost of each order will be higher? Don’t worry – the working process will actually become more effective, and you won’t have to provide reimbursement to your customers as often due to the lowered possibility of human error. Final ThoughtsThe newest technological advancements provide some great tools for the evolution of the logistics industry. But, if you’re not familiar with them, you would need to spend a lot of time just learning about them. This is where experts come in. With the help of such companies as Artelogic, you can embed innovations into your business easier and much more effectively and benefit from custom logistics software development. Share this:The post What Is The Profit From Using Technologies In The Logistics Sector? appeared first on Statii News. from http://news.statii.co.uk/what-is-the-profit-from-using-technologies-in-the-logistics-sector/ New research from Haven Power, one of the UK’s largest business electricity suppliers, reveals over 60% of businesses in the manufacturing industry think renewable energy solutions are the key to ensuring a clean future. Additionally, half of those surveyed believe more needs to be done to reduce carbon emissions.
The survey of Utility Decision Makers in the manufacturing industry showed that energy usage was their top business priority (66%), ahead of both employment (47%) and office management (46%) – putting them in front of most other industries when it comes to energy consciousness. Manufacturers also put their own sector at the top of the list when being asked who is responsible for lowering carbon emissions (59%), versus energy suppliers (48%) and the Government (45%). In comparison, businesses in the hospitality and entertainment industry aren’t likely to make sustainable changes as they don’t believe it’s a priority to their customers. Paul Sheffield, Chief Operating Officer at Haven Power, commented: “It’s extremely encouraging to see that the proportion of businesses in this sector believe in renewables. However, two of the biggest barriers stopping manufacturers implementing sustainable change were cost (37%) and lack of Government support (32%), meaning there is still work to be done.” Paul Sheffield continued: “Understanding of renewable energy and its benefits varies greatly from sector to sector, but it’s great to see businesses in the manufacturing industry are taking steps towards a more sustainable future. We believe that every industry needs to implement change to help reduce carbon emissions and embrace cleaner energy. “It’s imperative that organisations of all sizes work together with their energy provider to ensure the future of British business is low carbon. By moving beyond viewing energy as a commodity, we can help to drive sustainability and profitability. Here at Haven Power we are keen to help businesses understand the wider benefits of renewables.” Haven Power is one of the UK’s largest business electricity suppliers, founded over ten years ago, it aims to help businesses control spend, manage risk and boost sustainability by using renewable electricity, energy efficiency and bespoke energy solutions. *Research conducted on behalf of Haven Power, by OnePoll in July 2018. 1,000 Utility Decision Makers age 18 or over were surveyed. The post Renewable energy key to clean future, say Manufacturers appeared first on Statii News. from http://news.statii.co.uk/renewable-energy-key-to-clean-future-say-manufacturers/ Could fear of failure be preventing Industry 4.0 technology from reaching the factory floor? James Wood, Director of Business Development, EMEA & APAC at Aptean, outlines why manufacturers have to view digital transformation as a journey, rather than a destination. Have you ever joined a gym, certain that this time round you’ll definitely get fit? Chances are you or someone you know has done this. You’ll also know just how quickly the self-doubt kicks in. Why is everyone else so far ahead of you? Is your workout routine the right one? Should you change your diet to support your gym efforts? Digital transformation doesn’t have to be dauntingI’m sure you’ve seen the headlines. Articles like ‘here’s everything you need to know about Industry 4.0’ and ‘how to transform your business with new Industry 4.0 technology’ are everywhere. While many of them have fascinating insights to share, I get the feeling that they’re more than a little intimidating to the average reader. Why Industry 4.0 is a journey, not a destination‘Making the most of Industry 4.0’ is realising that creating a smarter manufacturing business is a journey, not a destination. Let’s be honest; you’ll never reach a moment in time where you believe your business no longer needs to change, upgrade and adapt. When the first industrial revolution took place, no one thought the processes coming in would last forever – and it’s the same with the fourth iteration. Even if you reach your end goal, by the time it happens, you’ll have set new targets based on even newer technology. I’m not saying that there’s no point in trying because the goalposts will shift. If anything, it’s more reason to take your first step, then the next and the one after that. Each foot forward will improve your manufacturing processes as you stride towards a more efficient, Industry 4.0 ready factory floor. Manufacturing needs to be more open to new technologyThe sooner manufacturers adopt a ‘journey over destination’ mindset the better. As an industry, manufacturing is already behind the curve when it comes to digital transformation and Industry 4.0 – especially in the Food & Beverage space. It can’t afford to fall behind any further. There’s so much to be gained by engaging with the technologies enabling Industry 4.0. As well as driving efficiency on the factory floor, manufacturers can use integrated and automated data processes to dramatically improve regulatory compliance. For Food & Beverage businesses, this is a huge opportunity to increase customer trust. That’s why viewing Industry 4.0 as a journey is vital for manufacturers. You have to focus on each step – applying new technology to your business in a structured way that would make sense even if you never reached your end goal. You also have to avoid overwhelming those on the factory floor. The idea is to blend people and systems – creating a smarter workforce that achieves more. One of the challenges involved in this is making sure teams have the skills needed to work alongside the machines. Training is often overlooked, making the Industry 4.0 journey more difficult than it needs to be. Just imagine the scenario: you introduce new systems, but fail to make sure your workforce has the skills to make the most of them. Nothing works as efficiently as it should and, eventually, everyone goes back to the manual processes they were used to with a negative perception of Industry 4.0 technology. If anything, this is a step backwards, but one you can avoid by ‘upgrading’ your workers alongside your systems. The first step all manufacturers need to take towards Industry 4.0Every journey begins with a first step, but what does that mean for manufacturers? To my mind, your first step is to implement a Manufacturing Execution System (MES) that meets the needs of your factory floor. An MES provides you with all the data you need to continue your journey towards Industry 4.0. It does this in real-time, giving you complete visibility of your business and its processes – as well as the insight you need to identify areas for improvement. With this in place, it almost doesn’t matter what you think your next step is – the data will tell you. You’ll have a clear path ahead of you; one that sees you constantly improving processes as you work towards your end goal. Implementing an MES can also kick start your business’ digital transformation, which – coupled with the right implementation approach – will start to win over your teams on the factory floor. Engaging the operators, giving them a voice, and empowering them with information that makes action unavoidable clearly demonstrates that people and technology are a winning combination that can dramatically improve performance. What you need is a simple and structured program that will start you on your journey, and make the implementation of further useful technology (such as wearable tech, smart energy monitoring or the use of drones to perform inventory turns) much easier. By integrating new systems with your MES, you can ensure the improvements keep coming. This is the basis of a smart factory run by a smart workforce. The first step is the hardest – the rest is simpleWhile Industry 4.0 might seem unsettling to manufacturers, it doesn’t have to be. Even if your factory floor is behind the times in terms of technology, there’s nothing to stop you catching up – and quickly – if you approach the challenge with the right mindset. By viewing Industry 4.0 as a journey, rather than a destination to be reached and settled in, you will discover a variety of ways to improve your business. You’ll also free yourself up to focus on driving performance on your factory floor without the fear of failing to meet unrealistic expectations. Now’s the time to start out on the path towards Industry 4.0 success. There might be plenty of work to do before you reach your end goal, but you’ll never get there if you put off making the required changes. Just as you can’t achieve fitness without going to the gym, you can’t take the last step towards creating a smarter factory if you don’t take the first. Ready to shape up? The post Manufacturers' first step towards Industry 4.0 success appeared first on Statii News. from http://news.statii.co.uk/manufacturers-first-step-towards-industry-4-0-success/ It intends to establish a scientific basis for the effective use of these medications without side effects, they said. The Cabinet Secretariat will include the project’s related expenses in its budgetary request for fiscal 2019. Kampo herbal medicines combine various crude drugs made by drying plant roots, stalks and leaves. They can be consumed as they are or dissolved in hot water. Popular treatments include kakkonto, which is used for colds, and yokukansan, for insomnia and other symptoms. About 150 types of kampo medication are covered by public health insurance. Medical treatments based on kampo form Japan’s traditional medicine. It is said that there are tens of thousands of types of herbal medications, if traditional Chinese medicine and India’s Ayurveda — both of which kampo originates from — are included. Kampo treatments are prescribed based on patients’ experiences using them, and the effectiveness of many herbs and any mechanisms that may cause side effects still have not been confirmed scientifically, according to the sources. The government’s Headquarters for Healthcare Policy and the Health, Labor and Welfare Ministry will play a major role in conducting the verification work. They will seek cooperation from hospitals, clinics and nursing care facilities across the nation, collecting information regarding the usage and efficacy of kampo treatments from patients’ examination records and diaries at nursing care facilities into a big data server. An enormous quantity of data will be anonymized before being processed into statistics. The statistics will then be used to verify the efficacy of kampo herbs and examine whether the duration, method and frequency of taking them as medications are effective in curing a disease without causing side effects. The government also aims to use the data to find ways to prevent disease and promote health. In addition, it will examine effective combinations with Western medical science, which aims to remove the causes of disease through procedures such as surgery. The government is considering installing a data server at Keio University Hospital in Tokyo, which houses the Center for Kampo Medicine where kampo-based treatments are carried out.Speech The post Herbal meds to be studied via big data appeared first on Statii News. from http://news.statii.co.uk/herbal-meds-to-be-studied-via-big-data/ Be it online or in the real world, that scary Black Mirror episode is fast becoming a reality. Reputation rankings, social credit scores and embedded microchips, the big brother is always watching.When fiction turns to reality. Black Mirror, the popular Netflix show, started out in life as an outlet that cast a light on how our approach technology and social media can perhaps open avenues of deeper surveillance, tracking, social ranking and potential for misuse by the people in control. Potentially a scarier society than the one we live in today. All that is coming true, slowly and steadily, unfortunately. The 2016 episode, called Nosedive, follows Lacie (Bryce Dallas Howard) in a world where people can rate each other on a scale of one to five stars—based on every interaction they have. Needless to say, there is a craving for the highest possible ratings. The socioeconomic standing depends on how many stars you currently have. And if you fall on the wrong side of the ratings, life becomes a pain. That was TV. That was a Netflix show. Time to get back to studies, children? Not so fast, because the direction we are headed in, isn’t too different from the world that Black Mirror writer Charlie Brooker depicted in the show. Facebook, as it turns out, is now assigning a reputation score for its users. The motive, at least what we are being led to believe, is to identify and weed out malicious user accounts. A Facebook user’s reputation score isn’t designed to be the final verdict about a person’s credibility. However, it will be just one more metric among many others that Facebook uses, to make a virtual character sketch of a Facebook user, and identify the risky ones. One of the reasons for this sort of a metric is the growing intolerance in general, which directly led to the misuse of the option to report incorrect, dangerous, fake or malicious content. As it turns out, it is “not uncommon for people to tell us something is false simply because they disagree with the premise of a story or they’re intentionally trying to target a particular publisher,” said Facebook’s Tessa Lyons, in an interview with The Washington Post. The social network is also monitoring which users actively tend to report content as problematic, which may actually be from publishers who are generally deemed trustworthy by other users. False reporting, when done as a coordinated effort, can be used to game the systems put in place by tech companies to monitor and weed out genuinely unacceptable content. Let us take a look at this example. If you report an article you saw on Facebook as false or incorrect, and the Facebook fact-checking process confirms that, it is a good mark on your checklist. In the future, your feedback about content on the social network will have more weightage than someone who in the past has been known to report content which isn’t against the policies of content sharing on the platform. Share this:The post Big Data And us: Are we All Being Given a Reputation Score? appeared first on Statii News. from http://news.statii.co.uk/big-data-and-us-are-we-all-being-given-a-reputation-score/ Is it time to standardise big data technologies? The once siloed, inaccessible, and mostly underutilised data has now become crucial to enterprises for success. And experts say that there is still room to promote interoperability between the available tools. But how does one define ‘standardisation’? Northeastern University’s College of Computer and Information Science defines “standard” as a formal agreement of meaning of a collection of concepts among groups — in this case, tech companies and enterprises. According to an ISO (a standards development organisation like IEEE) report, big data paradigm consists of the distribution of data systems across horizontally coupled independent resources to achieve the scalability needed for the processing of extensive data sets. One of the first documentation on big data standardisation came from the International Telecommunication Union (ITU) which defined big data as “a paradigm for collection, storage, management, analysis and visualisation of extensive datasets with heterogeneous characteristics, that include high-volume, high-velocity and high-variety.” ISO defined big data engineering as storage and data manipulation technologies that leverage a collection of horizontally-coupled resources to achieve a nearly linear scalability in performance. Standardisation Can Increase Interoperability Between ToolsAccording to a recent IDC study, we are fast approaching the data age with the global datasphere growing to a trillion gigabytes by 2025. This will be ten times the 16.1 ZB of data generated in 2016. IDC also stresses that around 20% of the data in the world will be critical to our daily lives by 2025. While data and data-related tools grow, how can business leaders find out what data matters the most? In the last decade, there has been a spurt in the number of tools around big data and data analytics developed by different organisations, but as Jim Melton, editor of ISO/IEC 9075 (SQL) pointed out to ISO, tools lack interoperability. According to Dr Klaus-Peter Eckert, an expert who works on interoperability in distributed systems, all technical building blocks present but the key tool missing is interoperability. Eckert spoke to ISO, “There is a distinct lack of an architecture which can combine the many components of big data solutions. This is where standards will come into play in the game.” It is widely believed that the development of standards will pave a platform for interoperability. Article Credit: Analytics India Share this:The post This Is The Right Time To Standardise Big Data Technologies appeared first on Statii News. from http://news.statii.co.uk/this-is-the-right-time-to-standardise-big-data-technologies/ More and more we see the need to manage project resources as an important requirement in ERP software RFIs from manufacturers for OEMs. This suggests OEMs are pushing down more of the project accounting requirements on their vendors. Resource forecasting, labor hour scheduling and resource allocation insight is necessary for sound manufacturing project management, but traditional ERP software and its predecessor, materials requirements planning (MRP) were designed originally to match resources and demand in a repetitive manufacturing environment. The disciplines required for project-driven manufacturing, program-centric manufacturing and engineer-to-order involve dealing with many unknown variables as a single contract. Once signed, this can place a substantial demand on production capacity. Here are the key metrics to manage Project cost allocation is crucial for manufacturers who want to maintain profitability, but many project-oriented manufacturers struggle when it comes to working out two important metrics:
Project accounting is not just scheduling work – it’s a financial management issue Software used in these more dynamic environments must be designed specifically to manage project risk and to allocate resources and cost across multiple projects all competing for the same productive capacity. Too often, manufacturers will rely on standalone project management or project portfolio management software. But no separate project tool is going to automatically create those transactions in your ERP system of record. By tracking load against resources outside of the Enterprise Resource Planning (ERP) system, manufacturers are not truly managing the project from a financial and costing standpoint. They are essentially using an operations or scheduling tool which, at most, encompasses manufacturing time and attendance or work centers for engineers. Stand-alone tools just skim the surface – you need enterprise integration Planners need to know not only what other jobs they have now but also ones they will have in the future, so they can start with an understanding of what resources are allocated to existing and upcoming work. The optimal software tool for this task will dig deeper to several more layers of granularity: which manufacturing disciplines and capacities can I commit to the project, which engineers with which skill sets, how many project managers and how much inventory is available? Moving quickly from estimated to actual The software should overlay this more granular view of capacity in the quoting process to estimate the number of hours and compare it to current capacity usage. This enables planners to move from quoted plans into actual plans for resources once a contract is won. Manufacturers are then able to take the forecast and turn it into an actual resource plan with confirmed productive capacity behind it. This more powerful functionality helps planners answer not only project-oriented, but enterprise-level questions and enable them to accurately quote lead times and cost. This means they will know even before the project starts where and when they may need more employees, or even contractors to take on some of the work. Make essential functionality part of your ERP system In order to nail down reliable ETC and EAC figures, it is essential that project functionality is part and parcel of the ERP system rather than two separate applications that are united in a point-to-point integration. Any demand put into a project that requires you to generate a shop order or a work order or put a resource in the field must accrue against resources available at that time and affect the total cost of the project. And that means project functionality must be embedded in the system of record – the ERP system. For a more detailed guide to mastering estimate to complete and estimate at completion in manufacturing ERP download the IFS whitepaper. The post Project Accounting In Manufacturing Simplified The Estimate ‘To Complete’ And ‘At Completion’ Dilemma Resolved appeared first on Statii News. from http://news.statii.co.uk/project-accounting-in-manufacturing-simplified-the-estimate-to-complete-and-at-completion-dilemma-resolved/ The primary purpose of an interactive map is to offer the ease of visualizing data to the user in a simplified manner. These flexible, web-based mapping tools possess points which, when clicked display the detailed relevant information. The information can be in the form of pictures, numbers, external links, videos and the like. Besides, interactive maps comprehensively organize all forms of data, be it hierarchical, straightforward, relational or singular. Interactive maps have taken an essential position in the process of data visualization. Only a few years back, data scientists were unable to handle huge volumes of data. However, with the introduction of interactive maps, they have now found the ultimate way to visualize tons of information in the quickest way possible. Data is everywhere. Nevertheless, it takes real skills to glean the relevant information from that data. According to seasoned prominent data evangelists, tools such as treemaps, Gantt charts, pie charts and even bar graphs do not serve the purpose of enabling users to interpret data that easily. It is almost unfeasible to highlight the factors that result in a slowdown of locations while the others achieved their goals with the least effort. As suggested by these data analytics advocates, the benefits offered by interactive maps can be manifold as mentioned below: • Crisp information: Interactive maps have the ability to present information in a more consolidated manner, without missing the important points. Devoid of any ambiguity in the kind of presentation, data scientists are able to read the data more clearly and extract valuable information from it. In addition, interactive maps enable users with the flexibility to outline the data points, create text balloons, filter or select the important elements of data as well as modify the options according to requirements. • Real-time insights: All information in the interactive map is shown in real-time frequency. Within seconds the data is updated in alignment with the current scenario in a particular geographical area. • Understand correlation: Interactive maps are great when guiding users to gain an understanding of the areas which need to be focused on, identify the current trends in order to establish relationships on the basis of numerous data streams. Interactive maps offer more than the aforementioned benefits. Also offering prescriptive analytics, these maps differ in their types usually depending on the kind of work they are used in—for instance, Clustering maps are used for indicating density, while Choropleth maps are known to display information in engaging colors. Share this:The post Importance of Interactive Maps in Big Data Space appeared first on Statii News. from http://news.statii.co.uk/importance-of-interactive-maps-in-big-data-space/ |
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