Tag: analytics

FDA Mines Billing Data for Drug Interaction Insight

Jul 22, 2014 |

The Food and Drug Administration is five years into a pilot program aimed at identifying hazardous drug interactions by mining the medical billing records of millions of Americans. The program, dubbed Mini-Sentinel, is a creative application of big data technologies that has the potential to improve people’s lives. The FDA started funding the Mini-Sentinel project in 2009 with the goal of coming up a better way to monitor for unintended side effects of prescription drugs. It’s impossible to eliminate all Read more…

For Esri, Analytics All About Location, Location, Location

Jul 18, 2014 |

Certain analytic tools excel at manipulating with certain types of data. When it comes to data with a geographic bent, there may be no more influential vendor than Esri, a Southern California company that has quietly gobbled up a majority share of the geographic information systems (GIS) market. But now the company is positioning GIS as powerful way to visualize all types of data. Esri owns anywhere from 40 to 70 percent of the market for GIS software, according to Read more…

Three Ways Big Data is Impacting Financial Services

Jul 9, 2014 |

Companies across industries rely on complicated processes to generate the data they need to drive business. But all too often, these processes are slow and are limited by storage capacity.  Today, many companies in the financial services industry are tapping into the power of big data analytics to help them overcome these challenges. Big data is helping companies in the financial services industry in a variety of ways. For starters, it gives them more space for gathering and storing data. Read more…

Want Net-New Revenue? Get Your Big Data Analytics to Go Real Time

Jul 1, 2014 |

Data volumes have been growing for decades, and that’s not slowing down any time soon. According to an IDG survey, it’s expected to increase 76 percent within the next 12-18 months. From the C-suite, big data first looked like just the same ol’ data, only more of it. And while growth in data volumes has its challenges, solving data management issues isn’t something to make CEOs hearts race–they’re happy to let IT take care of it. But now, with the Read more…

Are You Data Literate? Education for the Information Economy

Jun 18, 2014 |

Over four months ago I began writing a handbook with two partners to inform students and young professionals about the data science industry. We interviewed over 30 data scientists, data analysts, CEOs, and academic professionals from the Chief Economist at Google to the founder of Cloudera. We heard from Tom Davenport on how big data analytics differed from traditional business intelligence. Hal Varian defined for us the type III error, the error that results from asking the wrong questions about Read more…

Analytics Investment Up, Insights Down, Survey Finds

Jun 16, 2014 |

Despite relatively heavy investment in data analytics, a new survey finds that most enterprises have little to show in the way of business intelligence that could be leveraged to compete in the marketplace. That’s the conclusion of a new data analytics survey that also found that 65 percent of the companies surveyed have increased spending on analytic services and technologies in 2014. The industry survey was released on June 16 by the data management and analytics company Lavastorm Analytics. Lavastorm Read more…

HP Unveils Line of Big Data Tools, Services

Jun 9, 2014 |

Hewlett-Packard has rolled out a batch of big data analytics and services aimed at business intelligence applications and designed to lower IT costs. “Organizations are looking for solutions that let them aggregate data from multiple sources—such as social media and machine-generated data— to draw meaningful insights to increase the speed of service delivery and improve end-user satisfaction while reducing potential business disruptions and service outages,” Roy Ritthaler, an HP vice president for IT operations management, noted in a statement announcing Read more…

Job Recruiting Analytics Gets a Boost

Jun 6, 2014 |

A so-called U.S. “skills gap” has made it tougher for American companies to find qualified candidates. The result has been plenty of job listings but increasing difficulty in filling those positions despite the proliferation of job and professional websites. A New York-based “recruitment technology company” that is developing data analytics tools as part of its software-as-a-service (SaaS) offering said it has raised $20 million in a Series C funding round. Jibe Inc. said it would use the latest cash infusion Read more…

SiSense Tweaks Memory to Boost Data Analytics

Jun 2, 2014 |

Business intelligence software vendor SiSense is forecasting that soaring demand among small and mid-sized companies for data analytics could help triple it sales this year. The Israeli company differentiates itself from competitors through its “In-Chip” technology that speeds up and scales data processing by tweaking existing processing resources in computers. This approach leverages CPU cache, generally the fastest available memory, along with RAM (in-memory) and disk memory to speed up data processing at rates it claims are up to 100 Read more…

It’s Sink or Swim in the IoT’s Ocean of Bigger Data

Jun 2, 2014 |

The network of connected devices commonly called the Internet of Things is poised to drive data growth to stratospheric levels. Our ability to wield analytics on these big, fast, and diverse data will determine whether we can successfully harness the IoT to improve livelihoods and boost bottom lines, or whether we’ll crumble under the weight of the new data. If you thought today’s data levels were big or fast or diverse, you haven’t seen anything yet. Analysts say the amount Read more…