• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Raghuvir Srinivasan

New York, Nov. 4 In a move to strengthen its capabilities in business analytics and optimisation segment of the IT industry, the $104-billion IBM Corporation today announced the creation of a new Business Analytics Centre of Competency in Bangalore.

Business analytics refers to the ability to see patterns in vast amounts of data and extract actionable insights from it. The global analytics market is estimated at $105 billion (hardware/software and services) and is growing at 8 per cent a year.

The new Bangalore centre will be staffed by over 200 consultants with advanced analytics skills who will act as a pool of experts to be deployed to support clients globally.

The centre will focus on a number of core areas such as Web 2.0 analytics, risk and fraud analytics, financial analytics and customer analytics.

Speaking to a group of Indian journalists at the North Castle office of IBM here today, Mr Fred Balboni, Global Leader, IBM Business Analytics and Optimisation, said: “The new Business Analytics Centre of Competency is an important component in our rapidly expanding and unmatched portfolio of business analytics capabilities. Through our extensive experience, we’ve built the broadest and most sophisticated analytics services and solutions in the industry and are deploying them to address our client’s most profound business issues.”

A recent survey by IBM of global CIOs revealed that 83 per cent of those surveyed identified business intelligence and analytics as their number-one priority to enhance competitiveness. The study also revealed that over half of those who make decisions in companies don’t have tools to make the decisions that they do.

The proposed Bangalore centre will also support IBM’s recently announced network of global Business Analytics Solutions Centres in Berlin, Beijing, New York and Tokyo, soon to be joined by Washington DC and London.

IBM has invested more than $12 billion over the last five years to build its capabilities around business analytics and information management. Acquisitions have been an integral part of this strategy, the latest one being that of SPSS Inc at a cost of $1.2 billion.

The company expects this segment to grow at around 10 per cent this year and double its pace of growth from 2010 onwards.

More Stories on : Outlook | Human Resources | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line