For 11 years, we’ve heard the buzzword “the long tail” prominently discussed in business. First applied to companies like Amazon, the theory is that the company makes more money through the volume of sales from lesser-known books and movies over time than it does from the popular blockbusters. The long tail of the sales chart is so long that all the small sales of lesser-known products add up to something very big.
Former Wired editor in chief Chris Anderson first popularized the phrase in a 2004 magazine article and expanded upon it in his 2006 book, “The Long Tail: Why the Future of Business Is Selling Less of More.”
What does this have to do with business intelligence? Richard Back, a BI architect at IPL, makes the connection in a recent post for Tech Radar. He brings the long tail concept into the world of data and analytics. Read More