Tag: big data

Big Data’s Cold Feet Syndrome

Jul 31, 2015 |

With all the hype around big data, it sometimes seems that everybody and her grandmother are doing it. But the truth is that implementing big data analytics can be almost as difficult as it is potentially profitable. And while the technical complexity makes it challenging, just getting employees to climb aboard the big data bandwagon, change their daily work patterns, and believe in the new analytic-powered systems is a challenge in itself. The secret about big data is out, and Read more…

Are You Ready For a Data Scientist?

Jul 30, 2015 |

Are you wondering if now is the time to get a data scientist on board to help investigate the value of data assets, maybe even your big data? My advice: don’t do it if you are not ready. The demand for data scientists is currently much higher than the supply which naturally leads to difficulties finding a good hire. The return on the decision is critical; a data scientist is not a minor investment. So how do you know if Read more…

Analytics Big Role in New Healthcare Model

Jul 28, 2015 |

Big data analytics is having a transformative impact on almost every industry it touches. But when it comes to the $3-trillion healthcare industry, the impact is personal in more ways than one. For a look at how analytics is impacting healthcare, let’s take a look at Premise Health. Formed by the June 2014 merger between two workplace clinic companies, Premise Health is now the nation’s largest provider of employer-based onsite healthcare services. Premise Health has more than 500 clinics nationwide, Read more…

Can Workforce Analytics Help Us Find Work-Life Balance?

Jul 27, 2015 |

Organizations are the sum of their constituent parts. If employees aren’t achieving at the highest level, then chances are good the organization is underperforming as well. Organizations are awash in all types of data, but when it comes to tracking how employees are spending their time at work—and whether they’re wasting it with frivolous meetings and excessive Facebook use–most organizations are woefully lacking, experts say. There’s no question that employees are generating results for the companies they work for. According Read more…

Understanding Trumps Insight

Jul 23, 2015 |

“What have you done for me lately?” That’s the question many companies are asking of big data, which stands accused of being nothing more than a fad. For many, advanced analytics is still just that – too advanced. Data is difficult to access, blend and understand, and the market is over-saturated with advanced analytics tools. So what’s the solution? A combination of machine intelligence and visualization. We’re all familiar with business intelligence (BI) software. It’s great at presenting trends in Read more…

Big Data, Big Misnomer

Jul 22, 2015 |

Outside of the data warehouse profession, the phrase “Big Data” is still widely misunderstood. Even Google is confused: a Google search for “define ‘big data’” returns the definition: “extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.” But on a modern laptop with Excel you can easily analyze hundreds of millions of rows of data. Google (a “Big Data” pioneer) should know better. This article looks at Read more…

From Data Lakes to State Analytics

Jul 21, 2015 |

Earlier this year, I published my thoughts around a data lake use case that I called “The Union of the State.” Since this post published, the topic of data lakes and data analytics has become more widely debated than ever before. And the more I’ve thought about it, the more I’ve read and heard from industry influencers such as Dan Woods and Adrian Bridgwater, I’ve come to realize something – there is an entire branch of analytics that no one Read more…

Big Data’s Small Lie – The Limitation of Sampling and Approximation in Big Data Analysis

Jul 20, 2015 |

Volume is the most prominent of big data’s “3 Vs.” Yet, the “big” in big data analysis is often a misnomer. Most big data analysis doesn’t look at a complete, large dataset. Instead, it looks at a subsample and works on approximations, which prevents enterprises from getting the most valuable insight from their data. Many companies spend vast amounts of resources to collect, transform and store the massive amounts of data that flows through their business processes. However, when it Read more…

Despite Startup Slowdown, VCs Keep Investing in Big Data

Jul 16, 2015 |

The number of software startups is down almost 50 percent since the start of the Great Recession, according to a new report from Evan’s Data Corp. Despite the slowdown, anecodocal evidence points to venture capital firms continuing to invest in big data analytics. According to the latest Developer Population and Demographics study from IT research firm Evan’s Data, the percentage of new software startups decreased by 49 percent since 2009. “We’re obviously still seeing the effects of the great recession Read more…

How to Turn Your Company Into a Data-Driven Enterprise

Jul 15, 2015 |

Business executives are feeling enormous pressure to ensure their companies are data-driven, be they at startups or global enterprises. Yet C-Suite surveys show there’s confusion about how to implement an effective data culture. According to a recent report by KPMG Capital, the vast majority of executives at large enterprises are struggling with “how to turn data into insights, and insights into real business advantage.” In this race to embrace big data, the reflexive move would be to hire more data Read more…