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Big Data: Where the Opportunities Are! | SmartData Collective

Big Data: Where the Opportunities Are! | SmartData Collective | Big Data is a Big Deal! | Scoop.it
I am often asked which industries offer the best potential for application of a Big Data solution. Here is an excellent visualization on opportunities for Big Data across several industries prepared by Brett Sheppard based on Gartner Intelligence.
Steven Jackson, MBA's insight:

'Where are the opportunities in Big Data you ask?"

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Big Data is a Big Deal!
Big Data helps companies to become Data Driven. Data Driven companies out perform and out innovate their competition

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Big Data And The Death of Passion

Big Data And The Death of Passion | Big Data is a Big Deal! | Scoop.it
“Too much information will lead either to decision paralysis or to risk aversion,” says Mahroum. “Human beings cannot process so much information and they will eventually deploy bias in selecting the type of information they want to learn about. …what we call ‘deliberate ignorance’.”
Steven Jackson, MBA's insight:

“Too much information will lead either to decision paralysis or to risk aversion,” says Mahroum. “Human beings cannot process so much information and they will eventually deploy bias in selecting the type of information they want to learn about. …what we call ‘deliberate ignorance’.”

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The most important thing about Salesforce.com's new data service might be its scale

The most important thing about Salesforce.com's new data service might be its scale | Big Data is a Big Deal! | Scoop.it
Even if it’s still nowhere near the estimated million-plus servers operated by massive-scale operations such as Google and Microsoft (possibly even Facebook), Bigelow’s assertions about the scale of Wave suggest Salesforce understands the amount of capacity that’s required not just to serve lots of users, but to store, analyze and visualize their data, as well.
Steven Jackson, MBA's insight:

"Research firm IDC estimates business analytics to be a roughly $40 billion market, Bigelow said, and Salesforce expects to take a big piece of it."

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What the heck is Analytics? (And how can I use it?) | LinkedIn

What the heck is Analytics? (And how can I use it?) | LinkedIn | Big Data is a Big Deal! | Scoop.it
Steven Jackson, MBA's insight:

"What I’d like to focus on are the three types of analytic data that can be collected."

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Let’s get agile- Part 1: Continuous Integration

Let’s get agile- Part 1: Continuous Integration | Big Data is a Big Deal! | Scoop.it
Continuous Integration (CI) is a development practice that requires developers to integrate code into a shared repository several times a day. Each check-in is then verified by an automated build, allowing teams to detect problems early.
Steven Jackson, MBA's insight:

Do you do Agile?  How well do you know Continuous Integration (CI)?

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How IBM is using big data to fix Beijing’s pollution crisis

How IBM is using big data to fix Beijing’s pollution crisis | Big Data is a Big Deal! | Scoop.it
Of China's major cities, Beijing's pollution problem is probably the worst, causing thousands of premature deaths every year. Its residents are fed up. The growing outrage has forced leaders to declare a "war on pollution," including the goal of slashing Beijing's PM2.5— the concentration of the particles that pose the greatest risk to human health—by 25% by 2017. The Beijing...
Steven Jackson, MBA's insight:

"As part of the initiative, IBM has already signed a partnership with the Beijing government, which is hoping to tap into the company’s expertise to help tackle the city’s air pollution crisis. 


IBM’s plan of attack involves some of the buzziest things in tech, including harnessing the processing power of “big data” as well as the “internet of things,” weather modeling, and supercomputing."

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Size doesn't matter: can SMEs conquer Big Data? - JulienRio.com

Size doesn't matter: can SMEs conquer Big Data? - JulienRio.com | Big Data is a Big Deal! | Scoop.it
Big Data involves collecting a large volume of information. As SMEs don't have access to the same amount of data as larger corporations, does it mean SMEs can't make use of Big Data? Here is a case study with Ovolo Hotels.
Steven Jackson, MBA's insight:

"The concept of Big Data is actually quite simple: collect - analyze - utilize.

 

How do I collect sufficient data from my customers, analyze the data and drive conclusions to improve my business?"

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2 Deals Focus on Big Data and Youth

2 Deals Focus on Big Data and Youth | Big Data is a Big Deal! | Scoop.it
The Intelligence Group is merging with Noise, a company that specializes in the millennial market, and a unit of Barkley that researches millennials is being spun off as a separate consultancy named FutureCast.
Steven Jackson, MBA's insight:

“With the arrival of big data,” the ZenithOptimedia agency writes in a new report about United States advertising, marketers have “a wealth of data points with which to target” consumers. But the sheer bigness of big data can also represent a challenge. 

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10 times more data in the system or 10 time less done with the data available?

10 times more data in the system or 10 time less done with the data available? | Big Data is a Big Deal! | Scoop.it

gThe road to success in using information systems is a difficult one to navigate. When an implementation of a system is started some assumptions are made about what is needed from the system, how it

Steven Jackson, MBA's insight:

"At the core of information systems is the gathering of data, it needs to be reliable data so that the decisions from that data are based on solid foundation. Without reliable data the decisions made can not be reliable.

 

The way data is collected is extremely important, wherever there is manual input we introduce an element of risk for mistakes being made. Wherever the data is collected automatically there is an element of failure or calibration error introduced in the collection process. There are also many other factors that are necessary to remain vigilant about."

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What is Big data? | Nixus Technologies

What is Big data? | Nixus Technologies | Big Data is a Big Deal! | Scoop.it
Steven Jackson, MBA's insight:

"With regards to data, the complexity has increased in following dimensions popularly called 4V’s of data."

 

The Variety of data types being captured (Semi-structured data like HTML, XML, Unstructured data like social interactions, images, video and  data, Sensor and machine generated data)The Volumes of data being capturedThe Velocity or rate at which data is being generatedThe Veracity or trustworthiness of the data
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The Power (And Peril) of Predictive Analytics

The Power (And Peril) of Predictive Analytics | Big Data is a Big Deal! | Scoop.it
By Andrew R. McIlvaine Although the use of predictive analytics has great potential for the hiring process, legal experts warn that HR has to carefully monitor it.
Steven Jackson, MBA's insight:

"You should be using big data to help you ask smarter questions to help inform your decision-making, as opposed to letting this data make decisions for you," 

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Big Data Overview: How's Your Company Doing?

Big Data Overview: How's Your Company Doing? | Big Data is a Big Deal! | Scoop.it
Big data analytics is a leading business priority for most mid-size and large companies, but managing and analyzing large and ever-growing data sets remains a persistent challenge.
Steven Jackson, MBA's insight:

"Not surprisingly, the respondents said the appeal of big data analytics is faster and more accurate decision-making, a finding that is consistent with previous big data surveys.

 

The respondents cited the top benefits as more transparent and usable information (74 percent), more accurate and timely decision-making (72 percent), scalability (67 percent), real-time access to big data (65 percent), and more timely integration of data (63 percent) and a faster determination of change (63 percent)."

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Start Analyzing Like A Genius: Be a Data Miner

Start Analyzing Like A Genius: Be a Data Miner | Big Data is a Big Deal! | Scoop.it
Are you a business analyst, GIS analyst, economic analyst, or market analyst? If so, you could be overlooking some powerful tools in your analysis toolbox: data mining techniques. Data mining is an
Steven Jackson, MBA's insight:

"Data mining is an iterative business process that is focused on solving problems and achieving goals. The tools and principles used by data miners can be useful to any analyst.


And the best part is . . . you don’t have to be a coding ninja or a statistical wizard to take advantage of their methods and best practices."

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Category: Project Management Mistakes

Category: Project Management Mistakes | Big Data is a Big Deal! | Scoop.it
It is unfortunate that many project managers make basic mistakes and don’t put in place a solid foundation based on which the project can progress. This, amongst other factors, is preventing them...
Steven Jackson, MBA's insight:

"It is true that people deliver projects, but processes support them in doing so. 
 
Below is a list of the most classic mistakes that project managers make when it comes to the more process-related aspect of the job. Are you guilty of making any of these mistakes too? "

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Top Ten Big Data Trends in Finance

Check out how big data is proving invaluable to finance. Here is the top 10 big data trends in finance. Big data place a vital role in analysing the feeds, Pre…
Steven Jackson, MBA's insight:

"Big Data matters, no matter what your field."

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A whole lot of Splunk: Big Data visualization comes of age | SiliconANGLE

A whole lot of Splunk: Big Data visualization comes of age | SiliconANGLE | Big Data is a Big Deal! | Scoop.it
Security is becoming “a harder and harder battle to fight,” said Mark Debney, Principal Engineer, DevOps, at BSkyB. “So we’re looking at tools like Splunk to help us scale up our security efforts.”

“We’re looking at the attacks that are slow burn, they hide really well under the normal traffic and Splunk allows use to recognize these,” he added.
Steven Jackson, MBA's insight:

"Security is becoming “a harder and harder battle to fight,” said Mark Debney, Principal Engineer, DevOps, at BSkyB. “So we’re looking at tools like Splunk to help us scale up our security efforts.”


“We’re looking at the attacks that are slow burn, they hide really well under the normal traffic and Splunk allows use to recognize these,” he added.

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8 Ways to Become a Big Data Project Manager - LiquidPlanner

8 Ways to Become a Big Data Project Manager - LiquidPlanner | Big Data is a Big Deal! | Scoop.it
Become a big data project manager with these eight tips from Will Kelly.
Steven Jackson, MBA's insight:

"If you’re a project management professional with aspirations to manage big data projects, you already have a good foundation.


You can make an immediate impact without having to go back to school for a Ph.D. in Data Science or Statistics."

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Size doesn't matter: can SMEs conquer Big Data? - JulienRio.com

Size doesn't matter: can SMEs conquer Big Data? - JulienRio.com | Big Data is a Big Deal! | Scoop.it
Big Data involves collecting a large volume of information. As SMEs don't have access to the same amount of data as larger corporations, does it mean SMEs can't make use of Big Data? Here is a case study with Ovolo Hotels.
Steven Jackson, MBA's insight:

"How do I collect sufficient data from my customers, analyze the data and drive conclusions to improve my business."

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Soul-sucking analytics and mindless metrics serve no purpose

Soul-sucking analytics and mindless metrics serve no purpose | Big Data is a Big Deal! | Scoop.it
We’ve never had so many stats at our fingertips. The problem is, we have no use for them.
Steven Jackson, MBA's insight:

Great article by Norman Chad:

 

"Albert Einstein once said, “I fear the day that technology will surpass our human interaction — the world will have a generation of idiots.”

 

Similarly, I fear the day that statistics will swallow up our sports experience — the world will have a generation of soulless, suck-the-joy-out-of-life human widgets.

 

Alas, that day is already here."

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A Drone Map That Delivers You Anywhere In The World | TechCrunch

A Drone Map That Delivers You Anywhere In The World | TechCrunch | Big Data is a Big Deal! | Scoop.it
Drones deliver champagne and cookies to our hotels and chocolate to our bellies, and promise to follow our every move. Now a new site delivers us via drone to..
Steven Jackson, MBA's insight:

"Switzerland-based developer Jan Hiersemenzel launched TravelByDrone in April to give us a bird’s-eye view of the world using drones. The site is basically a database of YouTube videos that users upload and pin to a location on an interactive Google Map."

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Microsoft Brings Predictive Analysis To Azure - InformationWeek

Microsoft Brings Predictive Analysis To Azure - InformationWeek | Big Data is a Big Deal! | Scoop.it
Microsoft Azure Machine Learning Service lets businesses model data and launch predictive services in the cloud.
Steven Jackson, MBA's insight:

"Offering 30 types of algorithms in the cloud is a far cry from the depth and breadth of analyses and analytical applications offered by the likes of SAS and IBM, but if the ease of use and affordability live up to Microsoft's billing, this new service could start to change the dynamics in what has been an elite, high-end market."

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The Big C of Big Data: Top 8 Reasons that Characterization is ‘ROIght’ for Your Data

The Big C of Big Data: Top 8 Reasons that Characterization is ‘ROIght’ for Your Data | Big Data is a Big Deal! | Scoop.it
The game of Monopoly has been popular for over 100 years, which is perhaps due to the game's features that seem to parallel real life: strategizing and making deals in order to accumulate benefits from the aggregate of many moves and decisions along the way – hoping to maximize ROI.  Moving forward and reaping rewards are critical – you do not want to be sent back several steps or to pay the “Luxury Tax” (or worse).
Steven Jackson, MBA's insight:

Great article by Dr. Kirk Borne:

 

"In addition to the all-important business moves that we need to make in order to take big data to the next level (e.g., strategic planning, goal-setting, silo-smashing, and culture-building), one of the first “data sciencey” (analytics) moves that we should make is data Profiling (the “big P of big data” – i.e., getting to know our data).  


One of the next important analytics moves is big data characterization (the “big C of big data”).  We will elaborate on that topic below, but first let us put this “big C” into the larger big data context."

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IBM Research Sets New Record for Storing Big Data

IBM Research Sets New Record for Storing Big Data | Big Data is a Big Deal! | Scoop.it

IBM scientists break Big Data into four dimensions: volume, variety, velocity and veracity and by 2020 these so-called Four V’s of Big Data will be responsible for 40 zettabytes (40 trillion gigabytes) of data. LAS VEGAS, Nev., May 20 -- IBM researchers announced they have demonstrated a new record of 85.9 billion bits of data per square inch in areal data density

Steven Jackson, MBA's insight:

"IBM scientists break Big Data into four dimensions: volume, variety, velocity and veracity and by 2020 these so-called Four V’s of Big Data will be responsible for 40 zettabytes (40 trillion gigabytes) of data."

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How Big Data Will Shape the Internet

‎Porch co-founder Matt Ehrhichman says going-forward consumers will expect tailored web experiences.
Steven Jackson, MBA's insight:

"Is this the future?"

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Forget 'the cloud'; computing's future is in 'the fog'

Forget 'the cloud'; computing's future is in 'the fog' | Big Data is a Big Deal! | Scoop.it
Keywords column: Computing things as close to the user as possible is going to be critical to making smart devices ranging from jet engines to refrigerators responsive enough. That's where 'fog computing' poses a challenge to 'the cloud.'
Steven Jackson, MBA's insight:

"Here's the reality: Getting data into and out of the cloud is harder than most engineers, or at least their managers, often are willing to admit."

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Building A Successful Analytics Organization

Building A Successful Analytics Organization | Big Data is a Big Deal! | Scoop.it
By Jason Thompson, co-founder, 33 SticksWe are often asked, “what is the best way to create an analytics organization within my company?” While there is no one right answer, we have had the
Steven Jackson, MBA's insight:

"Let’s start with the reporting structure. Who reports to whom? Who sets the strategy?

 

We have observed firsthand the struggle organizations go through when trying to figure out where analytics should live within the organization — IT, Marketing, Finance, Operations, Office of the CEO."

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