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Collaborative Data

Fantasy Sports Betting: The Next 'Big Thing' Thanks to Big Data

June 16, 2015 by Jure Rejec

Big data is revolutionizing the sports betting industry and this is just the beginning. While it may seem that European Fantasy Sports hasn't really picked up as yet, since Europe is known as a historically late adopter, the future looks promising for soccer lovers who seek richer experiences than what is being offered at the moment by well established betting operators.[read more]

10 Reasons Why Now Is the Time to Get into Big Data

June 12, 2015 by Rick Delgado

Big data is a key that'll explain specifically what your consumers really think about your product. Big data is even being used in medical research for companies that do personalized medicine or companion diagnostics, and need to analyze large amounts of biological data. You'll be able to use your insight to easily get a better picture of your customers based out of different geographic areas and belonging to different demographic groups.[read more]

When Big Hearts Meet Big Data: 6 Nonprofits Using Data to Change the World

June 12, 2015 by Sima Thakkar
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When people think of big data, they often think of machines, robots and things that might be generally impersonal. But when you couple data with an altruistic mission, the results can be astounding. As we sink deeper into the digital era, nonprofits are now presented with new opportunities. For example, 56% of people donated to an organization because they read a story via social media. Fundraising sites such as DonorsChoose.org, Causes.com and Network for Good allow organizations to raise money with a simple click of a button.[read more]

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Expert Speak: 6 Highlights and Lessons from the 2015 CDO Summit

May 8, 2015 by Trips Reddy

The 2015 CDO Summit.

The CDO Summit 2015 (at the Thomson Reuters office in New York City) hosted Chief Digital Officers, Chief Data Officers and other C-suite digital leaders from a range of industries including retail, finance, healthcare and technology. Organized by the CDO Club, a packed day of sessions, panels and knowledge-sharing highlighted original research, the CDO jobs landscape and the challenges faced by CDOs as they focus on digital transformation at their companies.[read more]

2015: The Year of IoT Pioneers, Analytics and Data Privacy

January 16, 2015 by Puneet Pandit

2015.

This past year welcomed widespread Internet of Things (IoT) adoption and hype, big data implementation, and growing concerns around data privacy and cloud deployment. As 2014 draws to a close, we look ahead with much anticipation for what promises to be a signature year for machine learning, predictive analytics, new IoT pioneers and a full overhaul in the distribution of the IoT.[read more]

Collaboration Between Teams Using the Same Data in Different Ways

December 8, 2014 by Peter James Thomas

Collaboration.

The title of the discussion thread posted was “Business Intelligence vs. Business Analytics: What’s the Difference?” and the original poster was Jon Dohner from Information Builders. To me the thread topic is something of an old chestnut and takes me back to the heady days of early 2009. Back then, Big Data was maybe a lot more than just a twinkle in Doug Cutting and Mike Cafarella‘s eyes, but it had yet to rise to its current level of media ubiquity.[read more]

DataKind + TeraData = A Perfect Data-Do-Good Partnership

November 11, 2014 by Lillian Pierson

data science

Just as data science is applied to drive major success in business, it’s also being applied to improve or resolve major social issues. That’s the mission and focus of DataKind, a non-profit that organizes data science volunteers, so that they can lend expertise to social organizations, civic groups, and non-governmental organizations.[read more]

Descriptive, Predictive, and Prescriptive Analytics Explained

October 8, 2014 by Ray Major
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Analytics explained.

With the flood of data available to businesses regarding their supply chain these days, companies are turning to analytics solutions to extract meaning from the huge volumes of data to help improve decision making.[read more]

Big Data and Ford's Faster Horses

September 15, 2014 by Arent van 't Spijker

Horse? Or horseless carriage?

In the late 19th century, a New York City planner put out a warning that by 1950 the city would be completely uninhabitable. The problem, as he saw it, was that at the current growth rates the city would not be able to sustain the growing number of horses.[read more]

Big Data Gets Creative: 10 Big Data Kickstarters Turning Data Into Impact

August 28, 2014 by Tracey Wallace

Big data Kickstarters.

It just might be your turn to invest.Knowing that innovative genius doesn't depend on monetary status, we went ahead and rounded up the coolest big data projects being masterminded behind-the-conglomerate-scenes. From art to fitness, books to video games, big data is making a big impact – and it just might be your turn to invest.[read more]

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What's Hadoop? Here's a Simple Explanation for Everyone

June 24, 2014 by Bernard Marr

The Big Data Guru column.

Hadoop is one of those words that is inextricably linked to the concept of Big Data. But what really is Hadoop? This posts aims to demystify the term and explain, in simple and every-day language, what Hadoop is, the key components of it as well as how it came about and is used today.[read more]

Collaboration Is Vital to Success [VIDEO]

June 23, 2014 by Ray Major

The BIg IDEA video series.

The value derived from “Business Intelligence” comes not from the data itself, but the ability to interpret, interact with, and learn from that data. And the best way to accomplish this is to give your people the tools to share their insights and knowledge as simply and easily as possible.[read more]

Introducing the Knowledge Worker [VIDEO]

June 15, 2014 by Ray Major
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BIg idea video.

There’s been a fundamental shift in the workforce over the last 50 years. In years past, many occupations required manual labor and physical work to accomplish daily tasks, where today the majority of the workforce uses the knowledge they've acquired about their business ecosystem to accomplish their job goals.[read more]

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What does Whale Vomit have in Common with Big Data and Analytics?

June 5, 2014 by Ray Major

Whale vomit and value.

Many businesses are figurative whales. They create voluminous amounts of data as a by-product of just existing as a business. Some of the data they collect is valuable to them but, in most cases, they are unaware that much of the data that they collect might have significant value to others. It just sits there unused in the bowels of some centralized data center.[read more]

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When Ideology Reigns Over Data

June 2, 2014 by Paul Barsch

Risky Business column.

Increasingly, the mantra of “let the data speak for themselves” is falling by the wayside. There are dangers to reputations, companies and global economies when researchers and/or statisticians either see what they want to see—despite the data, or worse, gently massage data to get “the right results.”[read more]