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What Does Taming Big Data Really Cost?
I’ve written in the past about the hype that surrounds big data. Perhaps one of the most ridiculous urban legends out there today is that working with big data is cheap. This myth is largely driven by the fact that some big data tools, such as Hadoop, don’t come with
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A Brief History of Big Data Analytics
I had the opportunity back in June to attend IIA’s CAO Summit in Chicago, where I sat on a panel discussing the topic “Creating an Analytics Culture.” The session was kicked off by Tom Davenport, the recognized ‘guru’ of analytics who has written several books and many articles on the
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Analytic Teams Are Rapidly Reaching Critical Mass
Over the past year, I have seen a very positive and encouraging shift in my discussions with organizations about the analytic talent that they employ. More and more discussions are about how to best structure an analytics organization as many companies have now found themselves with enough analytic professionals to
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Centenarians Get Frisky With Big Data
While doing some research recently on companies that are incorporating big data into their products and key processes, I noticed that that a disproportionate number seem to be more than a century old. What’s going on with this phenomenon? Here are some examples, ordered by company age.Procter & Gamble, all
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Forecasting The Future Of Analytics: 2014 Edition
With 2014 rapidly approaching, we’re calling on you to aid our world-class faculty of analytics experts and help predict what is in store for next year. Each year, IIA gathers its faculty and leadership to look at the evidence and personal experience and provide a perspective on what the future
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Big Data And The Analytics Arms Race
You think big data is big today? Just wait until next year…or the year after that…or the year after that. It is growing exponentially. Whatever seems big now will likely seem relatively small just a short time from now. My inner analytics geek is thrilled when several times per week
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Perfect Information Doesn't Equal Perfect Predictions
Many organizations attempt to achieve “data nirvana” by having 100% complete information for any given business decision. In the customer analytics space, this is sometimes referred to as a “360 degree view of the customer.” However, we really never know everything about our customers. What we call a 360 degree
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Analytics Matters!
As we enter 2014, we are in the middle of a fundamental transformation in the way businesses view analytics. Analytics are now seen as core to a business. Analytics matters. I am extremely pleased to see this happen and that people like me no longer have to fight to make
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For Better And Worse, Big Data Grows Up
A company to which I’m an advisor just released its second annual survey of big data use in large companies. Most of the companies (75%) participating in the survey were large financial firms, but 20% were in healthcare and life sciences, and 5% in other industries. The results of the
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Hacked By The Internet Of Things
One of the fastest rising trends today is the Internet of Things (IOT). For those who don’t know, the Internet of Things refers to the vast network of connected devices that communicate with each other to relay information. That information is usually captured by sensors. As sensors and transmitters become