A growing gap between those enterprises that, see the value of business analytics and are transforming themselves to take advantage of these new found opportunities, and those that have yet to embrace them. Businesses today have a plethora of data available from an increasing number of sources. While some appreciate the potential benefits others face difficulties using data beyond hindsight, to actionable insights or further - foresight. Read these books to learn more!… Continue
Added by Patrick C. Walker, MPA on August 31, 2013 at 2:30pm —
Data analysis echo system has grown all the way from SQL's to NoSQL and from Excel analysis to Visualization. Today, we are in scarceness of the resources to process ALL (You better understand what i mean by ALL) kind of data that is coming to enterprise. Data goes through profiling, formatting, munging or cleansing, pruning, transformation steps to analytics and predictive modeling. Interestingly, there is no one tool proved to be an effective solution to run… Continue
Added by Manish Bhoge on August 27, 2013 at 11:00am —
With vast amount of data that currently available, who should be able to predict the future the most? Should it be Google? Facebook? Twitter? Google claim to be able to predict the flu epidemic in the future, and other things. Is it because Google has the biggest data in this world? Or it is not?
If big data can predict the future, then those who have the biggest data are the ones who can better predict… Continue
Added by Eka Aulia on August 12, 2013 at 6:00pm —
The on-going Big Data media hype stirs up a lot of passionate voices. There are naysayers ("it is nothing new"), doomsayers ("it will disrupt everything"), and soothsayers… Continue
Added by Kirk Borne on July 31, 2013 at 1:00pm —
Over 100 years ago, the great science fiction writer H. G. Wells was credited with saying, "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read or write." It is clear that this statement is probably more true today than ever, as Big Data and Analytics are paraded before every aspect… Continue
Added by Kirk Borne on July 29, 2013 at 9:00am —
The US National Institute of Standards and Technology (NIST) kicked off their Big Data Working Group on June 19th 2013. The sessions have now been broken down into subgroups for Definitions, Taxonomies, Reference Architecture, and Technology Roadmap. The charter for the working group:
NIST is leading the development of a Big Data Technology Roadmap. This roadmap will define and prioritize requirements for interoperability, reusability, and extendibility for… Continue
Added by Donald Krapohl on July 3, 2013 at 8:58am —
Here is a crisp info graphic which communicates the top 5 data products which can be $ denting in the Airline industry
1. Property reccomender
2. Word of mouth modeler
3, Funnel friction Spotter
4. Traveller churn scorer
5. Sentiment Analyzer
Added by derick on June 21, 2013 at 12:43pm —
The Big Data age is dawning. Just like every major emerging opportunity that presents an unprecedented competitive advantage across sectors, we might not know the ultimate outcome with this journey at this stage. But everyone wants to know: who will race to the finish line and come out on top? Whether you're the turtle or the hare, it's important to observe and manage the signs presented to you on the road to victory. Here's a collection of differentiators that will lead to… Continue
Added by Radhika Subramanian on June 4, 2013 at 11:02am —
I wonder, using big data and predictive analytic, can we predict the winner of x-factor or American Idols from the start of their audition performance? I think we might have a good chance to predict the winner right away.
What if we could only have the information from their first performance, what should be the variables to be used in the predictive model? Here’s from what I could think of:
- The voice: quantified timbre, energy and rhythm
Added by Eka Aulia on April 29, 2013 at 9:25am —
John Gower is an analyst for NerdWallet, a website analyzing data from thousands of financial institutions to help consumers find the best cd rates, checking accounts, credit cards and more. He wrote a great article for our blog about Big Data in Banking.
Read his blog here: http://emcien.com/guest-post-big-data-in-banking/
Here's an… Continue
Added by Radhika Subramanian on March 22, 2013 at 7:47am —
Added by Jaime Fitzgerald on March 20, 2013 at 11:30am —
Social CRM is a business strategy, supported by a technology platform, business rules, workflow, processes and social characteristics, designed to engage the customer in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent business environment. It's the company's response to the customer ownership of the conversation.
Facing this topic I have made a personal research, and realize a synthesis, which has helped me to clarify… Continue
Added by Michel Bruley on March 18, 2013 at 6:13am —
Today’s organizations are challenged to gain insight into most productive marketing and sales actions across multiple channels they use. Doing this requires multi-channel marketing attribution approach.
Facing this topic I have made a personal research, and realize a synthesis, which has helped me to clarify some ideas. The attached presentation does not intend to be exhaustive on the subject, but could perhaps bring you some useful insights: … Continue
Added by Michel Bruley on February 22, 2013 at 3:03am —
Most of Datawarehouse folks are very much accustomed with the term "Capacity Planning", Read Inmon. This is widely used process for DBA's and Datawarehouse Architects. In an typical project of data management and warehouse wide variety of audience is involved to drive the capacity planning. It involves everyone from Business Analyst to Architect to… Continue
Added by Manish Bhoge on February 15, 2013 at 2:46am —
The following is excerpted from Too Big to Ignore: The Business Case for Big Data. John Wiley & Sons will be publishing this in early March 2013.
Much like the baseball revolution pioneered by Billy Beane, car insurance today is undergoing a fundamental transformation. Just ask Joseph Tucci. As the CEO at data storage behemoth EMC Corporation, he knows a thing or 30…
Added by Phil Simon on February 12, 2013 at 12:34pm —
If you've ever learned to play an instrument, at some point an instructor will give you a sheet of music that you've never seen before and ask you to play it. It is a very objective way to assess one's skill level and the act of playing unseen music is called sight reading.
Wikipedia on Sight Reading
I've often wanted to use this technique to quantify a candidate's ability to analyze data. We… Continue
Added by John Wallace on December 20, 2012 at 1:23pm —
A Social Network is a theoretical construction useful in the social sciences to study social relationships.
Social network analysis refers to methods used to analyze social networks, social structures made up of individuals or organizations, which are connected by one or more specific types of interdependency, such as friendship, common interest, financial exchange, or relationships of beliefs, etc.…
Facing this new domain I have make a personal… Continue
Added by Michel Bruley on December 17, 2012 at 3:05am —
Big amount of information is available in textual form in databases or online sources, and for many enterprise functions (marketing, maintenance, finance, etc.) represents a huge opportunity to improve their business knowledge.
Sentiment analysis or opinion mining refers to the application of language processing to identify and extract subjective information in source materials. Generally speaking, sentiment analysis aims to determine the attitude of a speaker or a writer… Continue
Added by Michel Bruley on November 21, 2012 at 1:41am —
Transforming into a data-driven organization - turning information into actionable insights is a three (3 ) part strategy: Continue
• Technology – build a modern BI/DW architecture & analytics ecosystem with…
Added by Michael Walker on November 14, 2012 at 11:20am —
Hadoop (MapReduce where code is turned into map and reduce jobs, and Hadoop runs the jobs) is the most well known technology used for "Big Data" because it allows an organization to store huge quantities of data at very… Continue
Added by Michael Walker on November 7, 2012 at 5:55pm —