Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
    data analytics and gold trading
    Data Analytics and the New Era of Gold Trading
    9 Min Read
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Social Data: Asset and Liability
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Social Data: Asset and Liability
Big Data

Social Data: Asset and Liability

MIKE20
MIKE20
3 Min Read
SHARE

Contents
  • The New News Feeds
  • Simon Says: Big Data Is a Full-Time Job
  • Feedback

In late December of 2013, Google Chairman Eric Schmidt admitted that ignoring social networking had been a big mistake. ”I guess, in our defense, we were busy working on many other things, but we should have been in that area and I take responsibility for that,” he said.

Brass tacks: Google’s misstep and Facebook’s opportunistic land grab of social media have resulted in a striking data chasm between the two behemoths. As a result, Facebook can do something that Google just can’t.

More Read

It’s time to industrialize analytics
How Big Data is Aiding in Disaster Relief
Is Risk Assessment Using Big Data the Future?
The Internet of Things Poses Advances and Challenges for Big Data
4 IT Management Best Practices Data-Driven Businesses Must Practice

To his credit, Mark Zuckerberg has not been complacent with this lead. This is an age of ephemera. He is building upon his company’s lead in social data. Case in point: the launch of Graph Search.

The rationale here is pretty straightforward: Why let Google catch up? With Graph Search, Facebook users can determine which of their friends have gone to a Mexican restaurant in the last six months in San Francisco. What about which friends like the Rolling Stones or The Beatles? (Need to resell a ticket? Why use StubHub here? Maybe Facebook gets a cut of the transaction?) These are questions and problems that Google can’t address but Facebook can.

All good for Zuck et. al, right? Not really. It turns out that delivering relevant social data in a timely manner is proving remarkably elusive, even for the smart cookies at Facebook.

The New News Feeds

As Wired reported in May of 2013, Facebook “redesigned its News Feed with bolder images and special sections for friends, photos, and music, saying the activity stream will become more like a ‘personalized newspaper’ that fits better with people’s mobile lifestyles.” Of course, many users didn’t like the move, but that’s par for the course these days. You’re never going to make 1.2 billion users happy.

But Facebook quickly realized that it didn’t get the relaunch of News Feed right. Not even close. Just a few weeks before Schimdt’s revealing quote, Business Insider reported that Facebook was at it again, making major tweaks to its feed and then halting its new launch. This problem has no simple solution.

Simon Says: Big Data Is a Full-Time Job

Big Data is no picnic. “Managing” it isn’t easy, even for billion-dollar companies such as Facebook. The days of “set it and forget it” have long passed. Organizations need to be constantly monitoring the effectiveness of their data-driven products and services, to say nothing of testing for security issues. (Can someone say Target?)

Feedback

What say you?

TAGGED:social media
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Diverse Research Datasets
The 5 Best Platforms Offering the Most Diverse Research Datasets in 2026
Big Data Exclusive
macro intelligence and ai
How Permutable AI is Advancing Macro Intelligence for Complex Global Markets
Artificial Intelligence Exclusive
warehouse accidents
Data Analytics and the Future of Warehouse Safety
Analytics Commentary Exclusive
stock investing and data analytics
How Data Analytics Supports Smarter Stock Trading Strategies
Analytics Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

It’s not a full-duplex world

5 Min Read

How Social Intelligence Can Identify Weak Points in Your Customer Journey and Drive Decision-Making

5 Min Read

A Social Media Mini-Manifesto for Marketers

6 Min Read

The Impact of Real Time Search

7 Min Read

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

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
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
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?