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4 Big Data Trends That Change Everything

4 Big Data Trends That Change Everything | Asset Management Engineering | Scoop.it
Over the past few weeks I’ve heard many recipes for what will drive business success and yet firms large and small continue to struggle with how to jumpstart growth.

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Asset Management Engineering
Not the financial services kind - more the physics kind! Check out my views in http://www.amazon.co.uk/AGILE-random-walks-Random-walk-ebook/dp/B00NF5J4C2
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Why Big Data didn’t help Tesco

Why Big Data didn’t help Tesco | Asset Management Engineering | Scoop.it
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
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Is Big Data Scary?

Is Big Data Scary? | Asset Management Engineering | Scoop.it
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
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Big data and asset performance management | Lloyd's Register

Big data and asset performance management | Lloyd's Register | Asset Management Engineering | Scoop.it
This Lloyd's Register article looks at how can big data help improve the reliability and performance of your assets? Find out how here.

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Rail Systems 's curator insight, June 8, 10:27 AM

Useful info for Big Data

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How Poor Data Governance Can Destroy Business Performance – Part 1

"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
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Research points to improved switches and crossings for rail industry | News | The Engineer

Research points to improved switches and crossings for rail industry | News | The Engineer | Asset Management Engineering | Scoop.it
Robust railway switches and crossings that last longer and require less maintenance are under development by Huddersfield University’s Institute of Railway Research.

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Rail Systems 's curator insight, May 27, 4:34 AM

Good stuff going on at IRR in Huddesfield

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Becoming a Big Data CEO: leadership from data to big data - Online School

Becoming a Big Data CEO: leadership from data to big data - Online School | Asset Management Engineering | Scoop.it
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”.

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The Cathedral of Computation

The Cathedral of Computation | Asset Management Engineering | Scoop.it
We’re not living in an algorithmic culture so much as a computational theocracy.
Gary Bamford's insight:

Ah yes -  the algorithm holy grail ..... we know it well.

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Big Data is Dead!

Big Data is Dead! | Asset Management Engineering | Scoop.it
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
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The Machines Are Coming

The Machines Are Coming | Asset Management Engineering | Scoop.it

Low-wage jobs are no longer the only ones at risk.


Via Kenneth Mikkelsen
Gary Bamford's insight:

Must start work on that ironing algorithm .....

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Kenneth Mikkelsen's curator insight, April 19, 6:28 AM

Machines aren’t used because they perform some tasks that much better than humans, but because, in many cases, they do a “good enough” job while also being cheaper, more predictable and easier to control than quirky, pesky humans. Technology in the workplace is as much about power and control as it is about productivity and efficiency.


I also encourage you to check out these related stories: 


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Evolutionary methods for problem solving and artificial development

Evolutionary methods for problem solving and artificial development | Asset Management Engineering | Scoop.it
Distributed Human-based Genetic Algorithms
What we know is that human based genetic algorithms can utilize the Darwinian process of “natural selection” to evolve a candidate solution.

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Gary Bamford's insight:

Borg-like feel about things ....

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Intelligent Connectivity for Seamless Urban Mobility

Intelligent Connectivity for Seamless Urban Mobility | Asset Management Engineering | Scoop.it

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.


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Gary Bamford's insight:

Excellent vision - well worth a scan!

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Congestion in the bathtub

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.

http://mpra.ub.uni-muenchen.de/63029/ ;


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Train Deaths Rise Amid Energy-Driven Rail Transformation

Train Deaths Rise Amid Energy-Driven Rail Transformation | Asset Management Engineering | Scoop.it
Fatalities reach seven-year high as railroads embark on a record expansion
Gary Bamford's insight:

Risk(y) management!

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Aligning Big Data 2015

Aligning Big Data 2015 | Asset Management Engineering | Scoop.it
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
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Google wants to fix a major problem with America's trains

Google wants to fix a major problem with America's trains | Asset Management Engineering | Scoop.it
Mapping giant Google wants to make sure no more drivers are killed by trains.
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7 Amazing Big Data Myths

7 Amazing Big Data Myths | Asset Management Engineering | Scoop.it
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
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Misleading reporting is damaging scientific research

Misleading reporting is damaging scientific research | Asset Management Engineering | Scoop.it
It is essential that scientific research findings can be reproduced independently. But, warn Oscar Flórez-Vargas and Michael Bramhall, this is often not possible.
Gary Bamford's insight:

Precisely why you have to inject some REAL scientific analysis into 'big data', 'data science', 'analytics'.

 

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The alchemy of turning data to gold

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
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5 Essential Skills Any Data Scientist Needs

5 Essential Skills Any Data Scientist Needs | Asset Management Engineering | Scoop.it
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

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The Information Generation - Transforming the Future, Today

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.


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Kenneth Mikkelsen's curator insight, May 2, 8:24 PM
The world is different and will never be the same again. The four mega-trends of big data, always-connected mobile devices, social networking and cloud computing are reshaping industries, redefining experiences and fortifying sustainable businesses.
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Big Challenges, Big Opportunities: Big Data - Interface Journal

Big Challenges, Big Opportunities: Big Data - Interface Journal | Asset Management Engineering | Scoop.it
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, …

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Rail Systems 's curator insight, April 25, 6:55 AM

Much data, not enough information

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6 Myths of Digital Technology

6 Myths of Digital Technology | Asset Management Engineering | Scoop.it
I cannot take credit for these 6 myths of digital technology - I'm lifting them straight from what I thought was a well known and received investigation in to the impact of digital technology on…

Via Ana Cristina Pratas
Gary Bamford's insight:

Number 3 sums up quite a few of the issues with the present cloudy-big data-analytics arena too.

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How Big Data and the Internet of Things Make Our World Smarter - Smart Data Collective

How Big Data and the Internet of Things Make Our World Smarter - Smart Data Collective | Asset Management Engineering | Scoop.it
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.

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Machine consciousness: Big data analytics and the Internet of Things - Ars Technica

Machine consciousness: Big data analytics and the Internet of Things - Ars Technica | Asset Management Engineering | Scoop.it
Companies aim to squeeze more efficiency from operations by cloud-connecting everything.

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Gary Bamford's insight:

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 ;)

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Researchers use unmanned aircraft to inspect energy pipeline route in rural Virginia

Researchers use unmanned aircraft to inspect energy pipeline route in rural Virginia | Asset Management Engineering | Scoop.it
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...
Gary Bamford's insight:

RAM and Safety - but not as we know it!

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