Tag: analytics

07
Oct
2020
Posted in technology

Toyota Racing Development Uses Data To Outpace Competition Using AWS Analytics

A subsidiary of Toyota Motor North America, Toyota Racing Development (TRD) has over 40 years of experience in motorsports, competing across multiple platforms, including the NASCAR Cup Series. Before 2015, TRD had focused the majority of its resources on engine development and engineering endeavors. But, sensing the growing impact that software and data could have, the company began an initiative to capture and analyze data to outpace the competition. For the past 5 years, TRD has used Amazon Web Services (AWS) to build more than 20 applications that collect historical competition data, current vehicle data, and current practice data. The insights gleaned from that data helped the company achieve NASCAR Cup Series manufacturers’ championships in 2016, 2017, and 2019 and drivers’ championships in 2015, 2017, and 2019.

But to continue to stay ahead of the competition, TRD had to squeeze more insights out of its data. “Over the years we had accumulated an awful lot of data,” says Jonny Elliott, TRD’s senior engineering manager of technology. “But it was disparate, and it wasn’t really providing value.” Looking in each application for key information—including engine data, race images, and brake data—also consumed time that TRD couldn’t afford to lose. In racing, milliseconds matter, and even moments of downtime can cost a race.

So the company again turned to AWS to bring data together in its core data platform. TRD has begun to migrate all the data to the repository, where it will be able to easily and quickly perform analytics. This data repository brings the company’s siloed applications into one centralized location, enabling the team to find the important information needed to make snap decisions during races. TRD then analyzes data using Amazon Athena, a serverless interactive query service. It also uses Amazon Kinesis Data Streams (Amazon KDS), a massively

06
Oct
2020
Posted in technology

Tableau integrates with Salesforce’s Einstein Analytics, now called Tableau CRM

(Tableau Image)

Tableau announced that it is combining its software with Salesforce’s Einstein Analytics arm. The new offering will be known as “Tableau CRM.” It’s the latest integration between the two companies following Salesforce’s $15.7 billion acquisition last year.

“By bringing together the Tableau and Einstein Analytics teams earlier this year, and tapping into the power of the overall Salesforce ecosystem, we are putting rocket boosters on our innovation and accelerating our mission to help people see and understand data,” Tableau CEO Adam Selipsky said in a statement.

Tableau CRM will be part of the Salesforce CRM workflow. Initial integrations include “Einstein Discovery in Tableau,” which lets users identify patterns based on their datasets and enables predictive modeling and recommendations capabilities.

“Augmented analytics” is becoming more prevalent in the business intelligence software market, ZDNet noted, with competitors such as Microsoft and Qlik also rolling out similar products.

The announcement was part of Tableau’s annual conference, this year known as Tableau Conference-ish due to it being held virtually for the first time as the pandemic forces companies to cancel in-person events. Tableau also said today that is donating $1.4 million to PolicyLink, a national organization advancing racial and economic equity.

Salesforce cut about 1.8% of its workforce in August following record quarterly earnings. The layoffs included some Tableau employees, though Tableau continues to hire in areas including sales, product development and marketing. The pandemic has accelerated the digital transformation at many large companies, fueling new demand for technology including data analytics and visualization.

For the quarter ended July 31, Salesforce reported total revenue of $5.15 billion, up 29%, and profits of $2.6 billion.

Tableau is part of its “Platform and Other” category, which grew to $1.5 billion in quarterly revenue from $912 million

05
Oct
2020
Posted in software

Predictive Analytics Software from Ctrl2GO Helped Industrial Companies Cut Costs by 20% in 2020

HOUSTON, Oct. 5, 2020 /PRNewswire/ — Ctrl2GO, the global provider of predictive analytics and maintenance services, has helped its clients cut equipment maintenance costs by 20% in 2020. Such figures were attained on average by enterprises in the machine-building, oil and gas, energy and other industries, which have implemented Ctrl2GO PMM software  (Predictive Maintenance and Monitoring) in their operational processes.

The solutions developed by Ctrl2GO are designed to efficiently process and analyze big industrial data, assessing the technical condition of the equipment and predicting its potential behavior. Such an approach allows companies to streamline maintenance processes, extend overhaul intervals, and prevent up to 80% of equipment malfunctions.

Over the past year, companies using PMM software packages have reduced downtime by 20%, unplanned repairs by 20%, and cut direct repair costs by 5-8%. Diagnostics lead times have been reduced by 90%, while the technical productivity of staff rose by 15-22%.

A definitive case that illustrates the effectiveness of the PMM solution is the servicing of a metals mining and processing giant that saved $510,000 due to higher reliability of the equipment. The issues faced by the client involved the insufficiency of reliability of the equipment that caused unplanned failures in the operation of boilers and turbines, leading to a loss of revenue due to downtime. The solution developed by Ctrl2GO provided technical condition tracking, which was integrated into a single maintenance and repair process of the enterprise equipment. This resulted in a unified approach to monitoring heterogeneous equipment fleets and a transfer of existing technologies to previously unfamiliar equipment. As a result, the client managed to reduce repair costs by $50,700, and increased revenues while reducing equipment downtime to $455,000.

Another example of successful integration of Ctrl2GO solutions can be found in the oil and gas sector,

29
Sep
2020
Posted in technology

NAB to give businesses access to real-time analytics

National Australia Bank (NAB) has announced it has partnered with cloud-based platform Pollinate to provide small businesses access to real-time sales analytics to help them better manage their businesses.

Through Pollinate, businesses will be able to view their sales data, track average transaction value, compare day periods, and filter by payment type.

“Real-time data that delivers greater insights into what customers want, when and how they want it, can be transformative to a small business,” NAB group executive business and private banking Andrew Irvine said.

“Leveraging Pollinate’s platform, NAB will give businesses the information they need to make decisions about their daily sales at their fingertips.”

Pollinate, which NAB will also be a minority investor in, is scheduled to be rolled out across its customer network next year, following a pilot that will run in March.

Read more: How NAB is taking Australia’s skills shortage into its own hands (TechRepublic)

Additionally, NAB has also announced it will roll out merchant choice routing for business customers later this year.

Merchant choice routing will enable contactless payments to be processed via a merchant’s network of choice — whether that’s Eftpos, Mastercard, or Visa — for a flat price of 1.15%.

The bank boasted that the introduction of merchant choice routing would replace 10 separate pricing plans, while also bringing savings to businesses that process contactless payments.

“Contactless payments are part of our daily lives with more than 400,000 ‘tap and go’ transactions taking place every day in Australia. Automating least cost routing ensures competition in the market while giving small businesses greater control over their expenses,” Irvine said. 

Earlier this month, the red and black bank announced the migration of its NAB Connect platform to Amazon Web Services (AWS) cloud.

NAB Connect is touted by the bank as a solution for businesses

29
Sep
2020
Posted in website

Cloudflare Announces Web Analytics, a Privacy-First, Free Alternative for All Website Owners


Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today launched Cloudflare Web Analytics to provide accurate, clear, and free analytics for anyone who cares about how their site is performing and doesn’t want to sacrifice their visitors’ privacy. Cloudflare Web Analytics is built on top of Cloudflare’s existing network, giving site owners insight into key traffic metrics at the edge. Now site owners have control over their own site data, eliminating the need for third-party scripts that can track their users and help retarget them with advertising. Cloudflare Web Analytics will be available, for free, to any website owner, whether they are an existing Cloudflare customer or not.


For website owners and businesses, analytics are the backbone of their online strategy. This data helps them understand how people find a website, what types of devices they are using, and what they do once they get to a website–critical information for creating a better experience for their online visitors. Before today, getting access to that data came at a price when using popular analytics tools created by ad-tech companies. Advertising-driven business models help ad-supported sites sell more ads and are gleaning lots of visitor and site data in return for site analytics. As a result, website owners have to trade user privacy for data on how their own sites were performing. What’s worse, the tradeoff doesn’t ensure that site owners get accurate data because visitors with ad blockers often aren’t counted. With Cloudflare Web Analytics, any web creator—not just Cloudflare customers—can get the information they need in a simple, clean, and accurate way that does not sacrifice their visitors’ privacy.


“Website owners deserve access to analytics that are transparent and accurate, and that don’t force them to pay with their