NodeXLIt is an open-source software package for Microsoft Excel. As an add-on extension, it doesn’t have data integration services and functionalities. It focuses on social network analysis. The intuitive networks and descriptive relationships make social media analysis at ease. As one of the best statistical tools for data analysis, it includes advanced network metrics, access to social media network data importers, and automation.
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- 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
- 29 percent of investment professionals use search trends to derive data.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
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