By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
    predictive analytics for amazon pricing
    Using Predictive Analytics to Get the Best Deals on Amazon
    8 Min Read
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: On A Smarter Planet … Some Organizations Will Be Smarter-er Than Others
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > On A Smarter Planet … Some Organizations Will Be Smarter-er Than Others
Uncategorized

On A Smarter Planet … Some Organizations Will Be Smarter-er Than Others

JeffJonas
Last updated: 2010/03/06 at 8:37 PM
JeffJonas
4 Min Read
SHARE

As planet Earth generates more data from more sensors and as this data comes together for better prediction … there will be plenty of winners and losers.

The losers will be those organizations still coping with information overload, unable to make heads or tails of what they know (Enterprise Amnesia).  They will miss the obvious.  Their costs will soar, their customer satisfaction will drop and confidence in their brand will erode.  You will get duplicate mailings from them.  They will try to sell you something you already bought from them weeks ago. 

The winners will be those organizations that make better decisions, faster.  How fast?  Fast enough to do something smart as the transaction is happening, not minutes, hours, or days later. 

The closer to real-time an organization can operate, the more competitive it will be (Enterprise Intelligence).  They will be more efficient in how they deliver their products or services, their customers will be happier, and they will be able to stop many more bad things (e.g., fraud) from happening before they happen.

More Read

data overload showing data analytics

How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?

Use this Strategic Approach to Maximize Your Data’s Value
7 Data Lineage Tool Tips For Preventing Human Error in Data Processing
Preserving Data Quality is Critical for Leveraging Analytics with Amazon PPC
Quality Control Tips for Data Collection with Drone Surveying

Hence my …

As planet Earth generates more data
from more sensors and as this data comes together for better prediction … there
will be plenty of winners and losers.

The losers will be those
organizations still coping with information overload, unable to make heads or
tails of what they know (Enterprise Amnesia).  They will miss the obvious.  Their costs will soar, their customer
satisfaction will drop and confidence in their brand will erode.  You will get duplicate mailings from
them.  They will try to sell
you something you already bought from them weeks ago. 

The winners will be those
organizations that make better decisions, faster.  How fast?  Fast enough to do something smart as the
transaction is happening, not minutes, hours, or days later. 

The closer to real-time an
organization can operate, the more competitive it will be (Enterprise Intelligence).  They will be more efficient in how
they deliver their products or services, their customers will be happier, and
they will be able to stop many more bad things (e.g., fraud) from happening before they
happen.

Hence
my ongoing obsession with real-time sensemaking systems and my beef with batch
systems. Just to be clear, not all batch systems are bad. 
 In fact, there are a number of
things batch systems are well-suited for, like end-of-month accounting cycles,
or end-of-night audit in hotel property management systems. 
 There are even some forms of
data mining, pattern discovery, outlier detection, and so on, where
after-the-fact data analysis (batch) is well suited.

That
said the closer to real-time one can get the right answer and respond, the
better.  
 And milliseconds matter.

Heck,
when a casino can loose $250,000 in 15 minutes, what good is an hourly
algorithm?

So
when the IBM marketing machine asked me what I was working on, I explained the
importance of real-time sensemaking this way: imagine trying to cross a street
but you can only see how the traffic looked 5 minutes ago. 
 This stuck a chord and is, as
of this week, a
 TV commercial:

Who’d a thunk?

Net
Net: Organizations not engaged in real-time sensemaking are going to find
themselves getting Dumb and Dumber.


Link to original post

TAGGED: data overload, data quality, sensemaking systems
JeffJonas March 6, 2010
Share This Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Best Practices Big Data Data Collection Data Management Privacy
data protection for SMEs
8 Crucial Tips to Help SMEs Guard Against Data Breaches
Data Management
How AI is Boosting the Customer Support Game
How AI is Boosting the Customer Support Game
Artificial Intelligence
AI analytics
AI-Based Analytics Are Changing the Future of Credit Cards
Analytics Artificial Intelligence Exclusive

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data overload showing data analytics
Big Data

How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?

8 Min Read
analyzing big data for its quality and value
Big Data

Use this Strategic Approach to Maximize Your Data’s Value

6 Min Read
data lineage tool
Big Data

7 Data Lineage Tool Tips For Preventing Human Error in Data Processing

6 Min Read
data quality and role of analytics
Data Quality

Preserving Data Quality is Critical for Leveraging Analytics with Amazon PPC

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?