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Implications of Big Data
Exploring the Implications and Possible Unintended Consequences of Big Data
Curated by Jim Schreier
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Does Big Data Have Us 'Fooled by Randomness'?

Nassim Nicholas Taleb achieved notoriety with several books written before the housing crisis, criticizing the financial industry for putting so much. (Does Big Data Have Us 'Fooled by Randomness'?
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Statistical Truisms in the Age of Big Data - St...

Statistical Truisms in the Age of Big Data - St... | Implications of Big Data | Scoop.it
Does Big Data make Statistics obsolete? Of course not! But, many are now suggesting it (1). We address here some of the causes and consequences of this way of thinking.
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The Best Data Scientists Cluster Around the Biggest Big-Data Challenges

The Best Data Scientists Cluster Around the Biggest Big-Data Challenges | Implications of Big Data | Scoop.it
As data science continues to evolve, it’s wise to understand there’s a wide range of people who can contribute at different levels, from seasoned, credentialed professionals, to the self-taught, and all shades in between.
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Big Data Infographic: we have gone passed the ordinary decimal system.

Big Data Infographic: we have gone passed the ordinary decimal system. | Implications of Big Data | Scoop.it
The amount of data is growing at such an explosive rate that we have gone passed the ordinary decimal system. (RT @DavidSmithGFF: How big is #BigData?
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5 Profound and Permanent Changes Happening to HR Right Now

5 Profound and Permanent Changes Happening to HR Right Now | Implications of Big Data | Scoop.it
As CEO of a marketing company, I have the opportunity to work with clients large and small to implement LinkedIn-based, employee-first social media programs. Over the past three years, I've …
Jim Schreier's insight:

Note reference to Big Data -- and Real Time Data!

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Do You Know Where You’ll Be 285 Days From Now At 2 P.M.? These Data-Masters Do

Do You Know Where You’ll Be 285 Days From Now At 2 P.M.? These Data-Masters Do | Implications of Big Data | Scoop.it
Microsoft researchers have developed a mobility prediction system that knows where you will be even years down the road. What does this mean for the...
Hayim Herring's insight:

WITH BIG DATA, THE FUTURE IS RESEMBLING SPIELBERG'S MOVIE, MINORITY REPORT, MORE AND MORE. WHAT'S NEXT, PRE-COGS?

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Discovery Health finds the needles in its big data haystack

Discovery Health finds the needles in its big data haystack | Implications of Big Data | Scoop.it
Discovery Health finds the needles in its big data haystack
ITWeb
Discovery Health wanted to be able to predict members' health problems, in addition to improving ways to identify and combat fraud.
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Internet Retailing » Use of big data frustrates customers just as it baffles many marketers

Internet Retailing » Use of big data frustrates customers just as it baffles many marketers | Implications of Big Data | Scoop.it
According to this report, Marketers are confused about Big Data and data customers are frustrated with results - http://t.co/AHtbQOeb4Y
Jim Schreier's insight:

Confusion often indicates a lack of understanding on the implications!

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HR Can’t Ignore Big Data

HR Can’t Ignore Big Data | Implications of Big Data | Scoop.it

Information remains an organization’s most valuable and underutilized asset. Top performers are investing in analytics to elevate recruitment and performance.

The difference between having data and gaining insight is often the difference between winning and losing. But HR adoption rates for analytics are discouraging.


Everyone talks about big data. People talk about being overwhelmed by information, about capturing it, storing it, struggling with it and doing something useful with it.

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How eBay Uses Data and Analytics to Get Closer to Its (Massive) Customer Base

How eBay Uses Data and Analytics to Get Closer to Its (Massive) Customer Base | Implications of Big Data | Scoop.it
Neel Sundaresan, senior research director at eBay, discusses how eBay uses analytics at every level.
Jim Schreier's insight:

Just a summary of the article here -- but it looks like a good piece about a company that's definitely into the "human face" of big data.

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Data is Worthless if You Don't Communicate It

Data is Worthless if You Don't Communicate It | Implications of Big Data | Scoop.it
To be a better consumer of data, you also have to be able to tell people what it means.
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Big data won’t be mature for at least five years, Gartner predicts

Big data won’t be mature for at least five years, Gartner predicts | Implications of Big Data | Scoop.it
In its latest Hype Cyle for emerging technologies, Gartner says it will be five to ten years before big data reaches the ‘plateau of productivity’ (#Bigdata won’t be mature for at least five years, #Gartner predicts
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Intel to customise chips for big data applications

Intel to customise chips for big data applications | Implications of Big Data | Scoop.it
Looking to solve software gaps with on-chip accelerators and cores (Intel to customise chips for big data applications
http://t.co/ywgzYJm0aP)...
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3 Key Skills Of Successful Data Scientists

3 Key Skills Of Successful Data Scientists | Implications of Big Data | Scoop.it
PropertyCasualty360
3 Key Skills Of Successful Data Scientists
InformationWeek
But a good data scientist must take the time to learn what problem needs to be solved, how the solution will deliver value, and how it'll be used and by whom.
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Big data, big opportunity? Perhaps, but it requires a completely new mind-set if banks are to reap the benefits

Big data, big opportunity? Perhaps, but it requires a completely new mind-set if banks are to reap the benefits | Implications of Big Data | Scoop.it
Capco, a global business and technology consultancy dedicated solely to the financial services industry.
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Are universities collecting too much information on staff and students?

Are universities collecting too much information on staff and students? | Implications of Big Data | Scoop.it
A university is looking at analysing emails from students to staff to detect negative comments. Is this pastoral care, or 'scary ethics'? (RT @IIEresearch: Interesting discussion on big data in #highered.
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Six Secrets to Big Data Success

Six Secrets to Big Data Success | Implications of Big Data | Scoop.it
Time is the enemy of Big Data victory. Here are six ways to improve your data strategy right now.
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Closing the Big Data Skills Gap Requires Educational Innovation

Closing the Big Data Skills Gap Requires Educational Innovation | Implications of Big Data | Scoop.it
NEWS ANALYSIS: Teamwork and communication skills are as important as training in computer science, mathematics and statistics when it comes to big data analytics.
Timothy Dondlinger's insight:

An interesting observation -- without the strong ability to work with the rest of a team, big data "experts" aren't as useful or valuable.

 

And, as expected, the demand for experts will far outstrip the short-term supply.

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Fail Cheaper, Fail Better

Fail Cheaper, Fail Better | Implications of Big Data | Scoop.it
Data is cheaper to come by and easier to play with than ever. Business failure is also more common. An author on using data at work says the two are related, in ultimately positive ways.
Hayim Herring's insight:

EXCELLENT CASE MADE FOR HOW USE OF BIG DATA IS A LEADERSHIP ISSUE.

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Implications Wheel - Big Data and College Education

Implications Wheel - Big Data and College Education | Implications of Big Data | Scoop.it

Here a sample from an exploration on the implications of Big Data for College Education.  The complete exploration includes 620 specific implications.  For more information, visit www.implicationswheel.org

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Moving From Data to Insight

Moving From Data to Insight | Implications of Big Data | Scoop.it

The difference between having data and gaining insight is often the difference between winning and losing. But HR adoption rates for analytics are discouraging.

Jim Schreier's insight:

This is why we preach "the implications of big data," particularly in terms of the "Human Race"

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Disruptions: Social Media Images Form a New Language Online

Disruptions: Social Media Images Form a New Language Online | Implications of Big Data | Scoop.it
The rising popularity of the image in social media has further transformed the way we share our lives with one another.
Hayim Herring's insight:

What are the implications for analyzing patterns through Big Data tools when text moves to image?

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FTC Calls for 'Reclaim Your Name' Response to Big Data

FTC Calls for 'Reclaim Your Name' Response to Big Data | Implications of Big Data | Scoop.it
Big data offers big benefits. But it needs a bit more managing when it comes to consumer rights and privacy, says the FTC.
Timothy Dondlinger's insight:

When a government initiative begins, is binding regulation soon to follow?

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