(RTTNews) - IBM on Tuesday said that it would set up a new Business Analytics Centre of Competency in Bangalore to strengthen its capabilities in the fast-growing area of analytics and optimization, report media.

The competency centre with a head count of 200 skilled consultants in advanced analytics, would provide support to clients across the globe with solutions to information-based challenges.
IBM pointed out in its Global CIO Study that 83% of the Chief Information Officers (CIO) of companies had said that business intelligence and analytics were their top priority for enhanced competitiveness. It further revealed that 50% of decision makers had no tools required in decision making and one third of decisions were taken without any necessary information being available.

According to IBM, business analytics and optimization is a $105 billion market including hardware, software and services that has a growth rate of 8%. Fred Balboni, Global Leader, IBM Business Analytics and Optimization, said that the new business analytics centre of competency is a vital component in the fast growing and unmatched portfolio of business analytics capabilities.

IBM has also been opening global Business Analytics Solutions Centres in Berlin, Beijing, New York and Tokyo, with Washington DC and London to be added to the list soon. These solutions centres have specializations in different areas, such as making cities smarter, achieving higher efficiencies in transport and helping governments improve their functioning. The experience gained in each of these centres creates a base for other clients to tap into.

by RTT Staff Writer

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