In the last six months of so there has been much commentary about Tesco’s difficulties, including a number of posts by me. One of the questions I have been asked many times since is “Why didn’t ClubCard (Tesco’s loyalty card scheme) data warn them? Why didn’t big data help? Surely a retailer as sophisticated as Tesco would be able to read its big data to notice that there are some worrying trends that need addressing? The fact that apparently vast quantities of big data were not able to keep Tesco from a truly alarming fall from grace, contains lessons for us all
We all have watched movies such as Terminator, Minority report, iRobot.., at some point in time and wondered if life would get that futuristic. Living alongside robots to do our choirs or sensing a fluctuation in your heartbeat to send out a signal for an ambulance? Can the right hardware and software work together to save a dying person? Deep inside, all of us imagine a life with sophistication, comforts and luxury at all stages of life. In this era of continuous technological evolution and advancements, we see a total restructuring of how we live our daily lives.A decade back we would have
"The current economic climate is putting companies under more stress than they have experienced in quite some time. The economic downturn is forcing executives to sharpen their pencils, look for profit and eradicate losses in every nook and cranny of the organisation, and make hard decisions about where to allocate scarce resources. Geopolitical uncertainty makes planning and modelling at once harder and more important than ever before. And new reporting rules have companies scrambling for faster, yet more detailed, information about results and performance so that they can report their
Enjoy 6 video courses. Data project are among the most exciting ones. This session covers all the key elements to engage with confidence in your first steps with data. Get on the way to become a data “CEO”.
Alas, poor Yorick! I knew him, Horatio; a fellow of infinite jest, of most excellent fancy; he hath borne me on his back a thousand times; and now, how abhorred in my imagination it is!From the play Hamlet by William Shakespeare Big Data is dead! Long live Information Management.Of course I am overstating. It isn’t tangibly dead, because outside of PR and Marketing, and the gullible imaginations of a few punters with more dollars than sense, it was never actually alive.I don’t blame the industry for ‘bigging up’ Big Data, it was a ‘common sense’ continuatio
Intelligent Connectivity for Seamless Urban Mobility explores a future vision for urban mobility which includes new choices for individual trip-making, better information for smarter decision-making, and system optimization to utilize infrastructure efficiently; all in service of fostering a seamless, safe and sustainable travel experience.
This paper presents a model of urban traffic congestion that allows for hypercongestion. Hypercongestion has fundamental importance for the costs of congestion and the effect of policies such as road pricing, transit provision and traffic management, treated in the paper. In the simplest version of the model, the unregulated Nash equilibrium is also the social optimum among a wide range of potential outcomes and any reasonable road pricing scheme will be welfare decreasing. Large welfare gains can be achieved through road pricing when there is hypercongestion and travelers are heterogeneous.
Fosgerau, Mogens (2015): Congestion in the bathtub.
IntroIn order to bring some semblance of simplicity, coherence and integrity to the Big Data debate I am sharing an evolving model for pervasive information architecture and management.This is an overview of the realignment and placement of Big Data into a more generalized architectural framework, an architecture that integrates data warehousing (DW 2.0), business intelligence and statistical analysis.The model is currently referred to as the DW 3.0 Information Supply Framework, or DW 3.0 for short.A recapIn a previous piece with the name of Data Made Simple - Even 'Big Data'(available here o
Here is my top 7 list of daft things that some people say about Big Data.I think that Big Data does play a role in some businesses. I also think that some of the basic distributed file store and text search technologies can be usefully employed, in non-traditional indexing, counting and correlation. However, there is an awful lot of nonsense said about Big Data.So, onwards and upwards.Big Data is like currencyIf Big Data is currency, and for most of us, it isn't, then it's more like the hyperinflationary money of the Weimar Republic, rather than something you would take to the bank or try and
We have been told that our data is a gold mine, and many have invested accordingly. – And still, many executives feel empty-handed (and empty-pocketed as well). But why?Well, it shouldn’t come as a surprise as man throughout history has coveted the ability to turn things into gold – the Midas touch. Medieval alchemists were convinced they could turn lead into gold. Even in modern times there are examples of serious believers (such as the German leadership during WWII which seriously tried to turn sand into gold).Today’s business alchemy challenge is the ability to turn
In this post I outline the five essential skills any data scientist needs. The post was first published in my column for Data Science Central. In one of my previous posts, I explained the difference between what I consider the two core types of data scientist – strategic and operational.Broadly speaking, they require many of the same skillsets – but the distribution of your expertise and experience within these skillsets will vary, depending on whether your role is more strategic, or operational
An outlook report from Institute for the Future that describes the current state of global business, identifies important directional shifts and anticipates the impact these will have on our world by 2025.
by Jeff Tuzik Raw data by itself doesn’t always help much. In fact, it can be a burden. Extracting actionable information from raw data is an issue that the railroad industry has grappled with for years. (See WRI 2008: Data to Information) And as measurement and monitoring technologies have advanced, …
The Internet of Things (combined with big data) is reaching further into our lives every day. And while some of these innovations are just super cool, others may need to get the kinks ironed out before they become part of our everyday lives.
Ah! The solution - Once you have built the obvious 'algorithms' and run out of ideas, get the 'analytics system' to develop more advanced 'algorithms' - you will definitely need an 'algorithm' to do that ;)
The first Mid-Atlantic Aviation Partnership at Virginia Tech test flight using a fixed-wing unmanned aircraft to inspect an energy pipeline route—with a piloted chase plane following behind to ensure safety beyond the ground observers' sight line...
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.