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The power and promise of Analytics: Three case studies « Big Data Made Simple

The power and promise of Analytics: Three case studies « Big Data Made Simple | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
The following are examples of analytics applied in network security, healthcare and education. Each will discuss the data that is used, the process by which the data is reviewed and an algorithm is derived, the application of the algorithm, the risks raised and how they are mitigated, and how the
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State Agencies Use Data Mining To Mitigate Misuse of Health Benefits - iHealthBeat

State Agencies Use Data Mining To Mitigate Misuse of Health Benefits - iHealthBeat | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
State and local agencies are adopting data mining practices to help prevent fraud in health care programs and other government-funded benefits services.
AnalyticsInnovations's insight:

The less expensive, smart wits way of dealing with crime and punishment is "Data Mining and Information divulging".  One more reason why data sciences is a fascinating field.

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Big Data and the Mining Industry | SmartData Collective

Big Data and the Mining Industry | SmartData Collective | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
It’s no secret that big data has led to major changes within the business world. Companies are utilizing the benefits from data analytics to positively impact their bottom line, resulting in growing revenues and greater efficiency.
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A Great Find: Machine learning classifier gallery. Bravo...! Go... SVM

A Great Find:  Machine learning classifier gallery.  Bravo...!  Go... SVM | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
RT @DiegoKuonen: MT @fjnogales: Visualization to understand what #MachineLearning classifiers do w/ different data http://t.co/LDQKbKylbI #…
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Yikes! One Minute Test Failing Graph, from ...?

Yikes! One Minute Test Failing Graph, from ...? | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Courtesy of NASA GSFC
As more Millennials assume leadership positions around the world, organizations are becoming increasingly concerned with how to ensure their success.
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Arun Krishnan's curator insight, February 26, 11:18 PM

I didn't particularly like the graphic since it is not very easy to comprehend. A much better graphic might have been a bubble chart with the sizes indicating the percentages and the y-axis being the different priorities.

 

Anyway, I think it shows how people really want many different things although some generic trends can be seen such as "Spending time with family" and "Grow and Learn New Things" coming up on top across pretty much all regions.

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President Barack Obama's Big Data Keynote -- Strata + Hadoop World 2015 - YouTube

President Barack Obama talks about the importance of Big Data and Data Science, and introduces Dr. DJ Patil as the first ever Chief Data Scientist and Deputy...
AnalyticsInnovations's insight:

President Obama on 2015 Strata Hadoop World and Introducing Dr. DJ Patil as Federal Govt. First Chief Data Scientist.

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Leadership development and Big Data

Leadership development and Big Data | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Big Data is the latest cure-all for everything in business including leadership development. But development plans are based on ratings of potential.
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Rate of adoption for various technologies (From 2/10/98 NYT - could use an update) • /r/dataisbeautiful

Rate of adoption for various technologies (From 2/10/98 NYT - could use an update) • /r/dataisbeautiful | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
28 Punkte und 5 Kommentare auf reddit
AnalyticsInnovations's insight:

Take a closer look at this beautiful graph for technology adoption.  The title of the graph could be improved.  If you have to re-title it, what would it be?  There is some interesting patterns that could be separated out here.

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Fear can't dictate big data law - CNBC

Fear can't dictate big data law - CNBC | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Obama's big data laws can't be allowed to crush innovation, says this big data CEO.
AnalyticsInnovations's insight:

Good point.  Consumers should be part of such regulations.

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Open data: how mobile phones saved bananas from bacterial wilt in Uganda

Open data: how mobile phones saved bananas from bacterial wilt in Uganda | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
As disease threatened crops across the country, an initiative from the government and Unicef was able to communicate fast to stop it - demonstrating how open data can transform development
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Bringing Big Data to the Fight Against Benefits Fraud

Bringing Big Data to the Fight Against Benefits Fraud | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
To detect possible abuse of programs or benefits, state and local governments are turning to data-mining techniques long used by financial services companies.
AnalyticsInnovations's insight:

Multisource data, analytics, fraud detection, ... no where to hide. Analytics a great deterrent.  Analytics based 30K most probable IDs yield $46.5MM where as traditional method  identified 48K IDs yielding $29MM. 

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The Next Frontier in Banking: Big Data and Artificial Intelligence

The Next Frontier in Banking: Big Data and Artificial Intelligence | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Right now, we are in the midst of a sea change with regard to three types of technologies: big data, data analytics and artificial intelligence (AI).
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Oracle steps up its big-data push with new products - InfoWorld

Oracle steps up its big-data push with new products - InfoWorld | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
New tools aim to make it easier for enterprises to wrest value from their information stores
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Big data: Think Smarter, not bigger | The Big Data Hub

Big data: Think Smarter, not bigger | The Big Data Hub | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Informative piece on #bigdata from @BernardMarr via @IBMbigdata http://t.co/4IWmwEPkuC
AnalyticsInnovations's insight:

Small is beautiful; big is plentiful!

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Beautiful Self Explaining Radar Variation: This chart shows the sleeping Graph: Patterns of the world's most successful people compared with normal working adults

Beautiful Self Explaining Radar Variation: This chart shows the sleeping  Graph: Patterns of the world's most successful people compared with normal working adults | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
How do you compare?
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Cool: A Brief History of Big Data Everyone Should Read

Cool: A Brief History of Big Data Everyone Should Read | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
The history of Big Data as a term may be brief – but many of the foundations it is built on were laid long ago. Long before computers (as we know them today) were commonplace, the idea that we were ...
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10 Powerful Facts About Big Data - InformationWeek

10 Powerful Facts About Big Data - InformationWeek | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Big data means many things to many people, but how broad is its impact? Consider these figures on big data and the gurus who splice it.
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Have You Heard of One Minute Test for Understanding Graphs? Tale of Three Graphs And The Revenge of Data Geek

Have You Heard of One Minute Test for Understanding Graphs?  Tale of Three Graphs And The Revenge of Data Geek | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
AnalyticsInnovations's insight:

It is fun to notice that not all data science works will get same attention.  Go for one minute test.


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Big Data's future expects self-service applications for business users ... - SiliconANGLE (blog)

Big Data's future expects self-service applications for business users ... - SiliconANGLE (blog) | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Big Data's future expects self-service applications for business users ...
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How the Brooklyn Public Library used data visualization to build a better library - Diginomica

How the Brooklyn Public Library used data visualization to build a better library - Diginomica | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
The Brooklyn Public Library tells the story of their digital journey (and analytics challenges), and how data visualization from Tableau changed their work.
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Evaluating the MapR Vision: Big Data Architecture as a Product - Forbes

Evaluating the MapR Vision: Big Data Architecture as a Product - Forbes | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
In its announcement on 2/18, MapR made a strong statement about its vision of the right product to support use of big data in the business world.
AnalyticsInnovations's insight:

Dynamics of tools vs. product development

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How to fund the data revolution

How to fund the data revolution | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Data has the potential to radically alter the way development is delivered, but will donors recognise the benefit of investing in it? Claire Melamed and Grant Cameron report
AnalyticsInnovations's insight:

Is it a social injustice in not getting priorities in order by not funding the right data, right intelligence, right public policy. 

 

The best policy is letting data speak itself. 

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How to make infographics: a beginner’s guide to data visualisation

How to make infographics: a beginner’s guide to data visualisation | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
More NGOs are using maps and charts for campaigning. Rachel Banning-Lover explains how to visualise development data
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Big Data Underwriting for Payday Loans

Big Data Underwriting for Payday Loans | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
ZestFinance, a practitioner of big data underwriting, says it can reduce the risk of default on payday loans by 40 percent or more.
AnalyticsInnovations's insight:

Big data and payday loans...!  Even with this approach, the cost of loan is 100% for 22 weeks of pay back!  Huge opportunity for consumers to own the space. Peer to Peer financing..., using big data? 

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mining M2M big data: dig deep to find the gold | Orange Business Services

mining M2M big data: dig deep to find the gold | Orange Business Services | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Cisco Visual Networking Index estimates that by 2014, the average M2M module will generate nearly half a gigabit of data a month. Some machines generate many times that. What do you do with all this data?
AnalyticsInnovations's insight:

M2M is just the tip!

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FICOs New Launches Attempt to Tackle IoT, Big Data Hurdles - Zacks.com

FICOs New Launches Attempt to Tackle IoT, Big Data Hurdles - Zacks.com | BIG data, Data Mining, Predictive Modeling, Visualization | Scoop.it
Fair Isaac (FICO) launched FICO Big Data Analyzer and FICO Data Management Integration Platform to harness the power of Big Data and enable users to employ analytics tools easily.
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