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Big Data Outliers: Friend or Foe?

Sep 2, 2014 |

The bigger your dataset, the greater your chance of stumbling into an outlier. It’s practically a certainty you’ll find isolated, unexpected, and possibly bizarre data you never expected to see in your data. But how you respond to these outliers could mean the difference between big data success and failure. How should you deal with data outliers? The answer is simple: It depends. On the one hand, the presence of outliers may be a sign of serious data quality issues, Read more…

Are Meetings a Waste of Time? Data Analytics Weighs In

Aug 27, 2014 |

Have you ever wondered whether big meetings are a giant waste of everybody’s time? Now a data analytics startup named VoloMetrix is putting data science to that age-old question, and the answers it’s generating might surprise you. In most industries, the cost of human capital is the most expensive line item on the annual budget (the oil and gas business is one exception). The salaries and benefits that companies pay their workers routinely account for 50 to 70 percent of Read more…

Most Hyped Tech: Big Data Out, IoT In

Aug 20, 2014 |

The Internet of Things (IoT) has displaced big data as the most hyped emerging technology according to the latest release of Gartner’s Hype Cycle. Big data’s drop into the “Trough of Disillusionment” and the IoT’s rise to the “Peak of Inflated Expectations” indicate continued evolution of these related concepts, but are reminders that these are early days for both, and the claims of salesmen may not match reality. For the past two years, the hype surrounding big data has been Read more…

Cloud Era Rising for Analytics?

Aug 19, 2014 |

Big organizations have traditionally run analytics on-site, for a number of reasons, including data security concerns. But the rise of flexible cloud deployment models and the rapid pace of product development are helping cloud offerings to chip away at on-site deployments, especially for analyzing data that originates in the cloud. The IT world has not been the same since Amazon Web Services first took to the Net way back in 2006. Suddenly, a business of any size had an easy Read more…

MapR Says Its Hadoop Tweaks Scale to Meet IoT Volumes

Aug 13, 2014 |

Hadoop is naturally positioned as a key architectural platform that organizations will turn to for analyzing Internet of Things (IoT) data. But according to the folks at MapR Technologies, limitations in plain vanilla Apache Hadoop make it unsuitable for big IoT workloads. We’re at the beginning of a huge boom in the IoT. Gartner estimates the Internet will have 25 billion connected devices by 2020, while Cisco pegs the number at 50 billion. Any way you cut it, the amount Read more…

News In Brief

Food For Thought: Startup Targets Nutritional Data

Sep 16, 2014 |

A U.K. data startup that has developed a semantic platform targeting nutrition and health applications said it has added more than 500,000 U.S. products to its dataset in hopes of promoting new applications for everything from nutritional information to exercise devices to restaurant menus. London-based Klappo said earlier this month that the expansion of its dataset includes 525,000 U.S. product barcodes containing ingredient information about the nutritional value of U.S. food products. It said about 100,000 cover new food ingredients Read more…

Data Execs Thinking Big, Worried about Securty, Skills

Sep 15, 2014 |

Another industry survey has concluded that big data is helping global companies identify new revenue sources while developing new products and services. But a majority of executives responding to a survey by consulting firm Accenture Analytics also said they remain concerned about data security and a growing lack of data analytics talent. New York-based Accenture said its study was based on a survey of C-level information, data, analytics, operations and financial officers from 19 countries and seven industries. “They’re recognizing Read more…

Survey: Big Data Deployments Reaching ‘Tipping Point’

Sep 8, 2014 |

Most big data deployments are still being evaluated but may be approaching a “tipping point” as they move toward production, according to big data market researcher Wikibon. Wikibon analysts stressed that much of its recent survey data represents the sentiments of early adopters of big data analytics, adding that analytics technologies are still “relatively immature.” Another Wikibon survey last year concluded that nearly half of big data practitioners had yet to realize a return on their data analytics investment. Despite Read more…

Insurer Embraces Data Analytics to Shape Benefits Coverage

Sep 5, 2014 |

The U.S. insurance industry is attempting to move beyond actuarial tables to leverage data analytics in helping insurance brokers and employers tailor benefit plans for those workers still covered under employer benefit plans. Sun Life Financial Inc. said this week it has launched a benefits planning tool that uses data analytics to customized employee benefits plans. The “Benefit Profile” uses employer demographics and industry benchmark data to aide brokers in designing benefit plans and “enrollment strategies” for employers. Data analysis Read more…

Big Data Salaries, Job Offers on the Rise

Sep 3, 2014 |

As demand for predictive analytics professionals grows, median base salaries and retention bonuses continue to rise as more companies in more industries jump on the big data bandwagon. According to a salary survey of predictive analytics professionals released Sept. 3 by Burtch Works, the executive recruiting consultant, median base salaries over the last 12 months ranged from $95,000 for data analysts to $145,000 for managers. Seventy-one percent of data workers surveyed said they were eligible for bonuses while 91 percent Read more…

This Just In

Caris Life Sciences Utilizing IBM Technology

Sep 17, 2014 |

ARMONK, N.Y., Sept. 17 — IBM today announced that Caris Life Sciences is using IBM technical computing and storage technology to accelerate the company’s molecular profiling services for cancer patients. These services deliver critically important information to help oncologists develop tailored therapeutic plans for each patient’s unique cancer, which could lead to better health outcomes and reduced costs to the healthcare system in general. Today, optimal cancer care requires sophisticated integration of diverse molecular profiling technologies, which analyze the alterations in Read more…

Lumiata Receives Additional $6M in Funding

Sep 11, 2014 |

SAN MATEO, Calif., Sept. 11 – Lumiata, a provider of predictive analytics based on medical science, announced today that it has added another $6 million to its Series A round to power a data-driven transformation of healthcare. A big data revolution is under way in healthcare across every major healthcare organization. Mckinsey estimates that more than $300 to 400 billion in healthcare cost savings can be realized from new protocols and effective use of data. While the healthcare system is just beginning to appreciate Read more…

Toshiba Collaborates with Johns Hopkins on Big Data Healthcare Research

Sep 8, 2014 |

TOKYO, Japan, Sept. 8 — To further the potential of Big Data to predict and prevent illness, Toshiba Group has established the Toshiba Center for Big Data in Healthcare at the Science + Technology Park at Johns Hopkins in Baltimore, Md. The Center’s principal project is a collaboration with the Johns Hopkins radiation oncology department to study treatment pathways and outcomes in head and neck and lung cancer patients. Combining the expertise from Johns Hopkins’ world-renowned clinical research institution and its Big Data Read more…

IBM Announces Advances in Watson’s Cognitive Computing Capabilities

Aug 28, 2014 |

NEW YORK, N.Y., Aug. 28 – IBM today announced significant advances in Watson‘s cognitive computing capabilities that are enabling researchers to accelerate the pace of scientific breakthroughs by discovering previously unknown connections in Big Data. Available now as a cloud service, IBM’s Watson Discovery Advisor is designed to scale and accelerate discoveries by research teams. It reduces the time needed to test hypotheses and formulate conclusions that can advance their work — from months to days and days to just hours — bringing new levels of Read more…

SAS to Build Cloud-Based Big Data Analytics Platform for Dignity Health

Aug 19, 2014 |

CARY, N.C., Aug. 19 — Business analytics leader SAS and Dignity Health, one of the largest health systems in the US, are joining forces to use big data and predictive analytics to transform the way patients receive care. The Dignity Health-SAS collaboration will create a cloud-based, big data platform powered by a library of clinical, social and behavioral analytics. These analytics will help doctors, nurses and other health care providers better understand each patient and tailor care to improve health while reducing costs. Read more…