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What Is "Big Data," And Who's Collecting It?
Wikipedia defines big data as "any collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications." It's a definition that makes sense, and it's the most common way you'll hear scientists, economists, and statisticians describe it. Put simply, "big data" describes huge amounts of information that is easy to obtain, but so massive that they challenge current computing technologies.
Big data: how predictive analytics is taking over the public sector
The impact of business intelligence products in the world of finance, marketing, and IT has been well-established. But tools like predictive analytics are making a huge splash in the public sector, as well. This article looks at how predictive tools have been applied in places as diverse as emergency rooms and tax bureaus across India.
2015: The Year of the Data Scientist
Data science is no longer a niche area. When I first told my friends that I worked with Data Scientists two years ago, their reaction was ‘who?’ Today it is a widely understood and accepted term. In fact, HBR described it as the ‘sexiest job in the world’ as far back as 2012.o what has caused this rapid rise in not only the number of Data Scientists, but also the appreciation and acceptance of them amongst the wider public?
Governed Data Discovery: What You Need to Know
Governed Data Discovery is one of the trending buzzword of 2014. The term made its debut in Gartner’s 2014 Magic Quadrant Report. Gartner first popularized the term data discovery and now is adding governed to the term. While it forms a great acronym, GDD, the clear question here is what does Governed Data Discovery actually mean?
History of Business Intelligence
Business intelligence (BI) is the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes. BI technologies are capable of handling large amounts of unstructured data to help identify, develop and otherwise create new strategic business opportunities. The goal of BI is to allow for the easy interpretation of these large volumes of data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.
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