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The link between strategy and data has never been stronger. And the economics between the two has never been clearer; the potential return on a properly implemented big data analytics investment can be nothing short of game-changing – if it is done strategically. It is therefore imperative to make data strategy part of corporate strategy.
The three main levers of return on investment (ROI) are cost efficiencies, productivity gains and incremental revenue generation. These levers…Continue
Added by Gabriel Lowy on July 26, 2013 at 8:27am — No Comments
With all the hype around big data analytics, not enough attention is being given to data quality or the validation of models built on the data. Despite their deterministic nature, algorithms are only as good as the data their modelers work with.
Simply defined, algorithms follow a series of instructions to solve a problem based on the input variables in the underlying model. From high frequency trading, credit scores and insurance rates to web search, recruiting and online dating,…Continue
Added by Gabriel Lowy on July 22, 2013 at 7:24am — No Comments
Data discovery’s next chapter will see an explosion in analytics globally – from tens of thousands of data analysts today to tens of millions of business users within five years. Key drivers will be further advances in easy-to-use interfaces, the marriage of data discovery and unified information access (UIA) and greater mobile capabilities. This is in keeping with the shift in enterprise spending from legacy database architectures with rigid historical reporting to real-time, event-driven,…Continue
Added by Gabriel Lowy on July 12, 2013 at 3:16pm — No Comments
GE’s entry into cloud and analytics should serve as a clarion call to organizations everywhere about not whether, but how to extract value from big data. GE will leverage industrial data to drive the three pillars of return on investment (ROI): reducing costs for itself and its customers, raising productivity of people and equipment, and generating incremental revenues. The Industrial Internet can be more significant for GE than Six Sigma was in the 1980s.
The most notable aspect of…Continue
Added by Gabriel Lowy on July 12, 2013 at 3:11pm — No Comments