Is Big Data Good or Evil?

By Bill Franks, Jul 09, 2014

With all of the lawsuits working through the courts and all of the scary possibilities being discussed in the media, it has led some people to assume that big data is inherently evil. Once you believe that big data is evil, a natural response is to try and shut down the collection and analysis of big data to the maximum extent possible. While big data certainly has risks, it would be a classic case of throwing out the baby with the bathwater if the use of big data is shut down.

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The Analytics of Things

By Thomas H. Davenport, Jul 07, 2014

The press and blogosphere are full of references to “The Internet of Things” (TIoT) or even “The Internet of Everything.” It’s great to connect inanimate objects to the Internet, of course. But that’s only a first step in terms of doing something useful with all those connected devices. “The Analytics of Things” are just as important, if not more so.

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Written by Andrew Fast, Ph.D. and John F. Elder, IV, Ph.D.

Many estimates claim that over 80% of the world’s data is stored as unstructured text. Whatever the exact proportion, there is no denying that a significant amount of valuable information is stored within free-text documents such as reports, memorandums, and correspondence. Text is also stored as “notes” or “free-text” fields within an otherwise structured database. While some of the results presented in a report may also be available as structured data, the most important insights – such as expert opinions or final conclusions - are almost always only available as free text. This also holds for call center notes, electronic medical records, and claims notes.

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Many organizations are focused on driving analytics as a foundation for competitive advantage. Often overlooked in this discussion is the importance of establishing a foundation for analytics through the process of data readiness and data cleansing.

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Health Analytics in a Person Centered World

By Dwight N. McNeill, Jun 17, 2014

Person Centered Analytics for Health sets a new course for health analytics that focuses on the outcomes that matter most to people, a long and healthy life, and it provides the navigation and tools to get there. This emerging trend has resulted from the fusion of five converging realities: The American way of producing health is failing, people are the drivers for making it happen, converging trends demand it, everyday behavior changes are the interventions that matter, and analytics provide new insights to catalyze it.

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Bill Franks, an IIA faculty member and Chief Analytics Officer for Teradata, was recently featured in a webinar discussing approaches to making big data more actionable and profitable by utilizing data visualization tools and strategies. The talk highlighted the important opportunities and level of insight that big data and analytics can provide organizations and shared how visualization tools can better support decision making and lead to discovery of new insights.

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Is There a Leadership Vacuum for Big Data?

By Thomas H. Davenport, Jun 03, 2014

If big data and analytics are the powerful business resource that I think they are, they need someone to champion and oversee their usage in organizations. The problem is that many organizations don’t really have someone in charge of these capabilities. There is in many companies a leadership vacuum for big data and analytics.

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An IIA ERS Client asks about the newest disruptive technologies in data analysis, inside and outside of Healthcare.

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Holes in the Sidewalk of Analytics

By Dwight N. McNeill, May 27, 2014

The field of analytics has fallen into a few big holes lately that represent both its promise and its peril. These holes pertain to privacy, policy, and predictions.

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Quick! Invest in this CBIMBDMLAAS Company

By Bill Franks, May 08, 2014

The new company will be focused on Cloud-Based In-Memory Big Data Machine Learning Analytics as a Service (CBIMBDMLAAS). I challenge readers to find another premise to build a business around that captures as many of the hot trends in the market today as that term does. Just being able to say that mouthful with a straight face is almost certainly worth a first round of funding in the low millions of dollars today as long as even a cursory business plan and light prototype is used to support it. I will have those soon (I promise), but I need your money first to develop the idea further.

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