The modern tech economy runs on big data. This makes it a leading commodity in a world where knowledge is power. Indeed, the unprecedented ease with which ever larger volumes of digital information can be stored, retrieved, and accessed has created a booming market in the collection and analysis of big data. Here we’ll define big data in terms of the three Vs: a greater variety of data arriving in ever-higher volumes with increasing velocity. Knowing what big data is helps us understand what big data companies can do for us and which ones are worth noticing in 2018. What are the “Three Vs”? One fundamental difference between traditional data and big data is the latter’s bewildering variety. It’s more […] Continue Reading
Uses of Software in Running a Business
Guest post by Finnegan Pierson Often, SMEs don’t attempt to improve efficiency as a means of increasing their profitability and cash flow. Entrepreneurs are often too focused on the status quo instead of improving their operations. However, that appears to be changing as today’s business world continues to evolve. Enterprises are investing in software to become more efficient and increase their overall performance. Every enterprise yearns to improve its efficiency. Business efficiency can result in increased profits and reduced resource wastage, which ultimately translates to a healthy bottom line. Small businesses are now leveraging various software to improve their operating efficiency. Whether you are an accountant or an engineer, having the right software can be a game changer in your career. […] Continue Reading
Analysing the Positive Impact of Decentralized AI on Business and Society
This blog post is part of the Big Data Week Speaker interviews series. We sat down with Daniel Hulme, the CEO of Satalia, a London-based company that provides Artificial Intelligence solutions to solve industries’ hardest problems. He is also the Director of UCL’s Business Analytics MSc, applying Artificial Intelligence to solve business, governmental and social problems. In this interview, Daniel is discussing how AI and blockchain technologies can be used to reinvent how organisations can operate, as well as how they might one day make companies and countries redundant. Reserve your seat for Daniel’s talk at the upcoming Big Data Week London Conference, on October 5. Get your Early Bird ticket today! 1. Many people understand AI as well as blockchain – independently […] Continue Reading
Looking Towards the Future with Business Analytics
This blog post is part of the Big Data Week Speaker interviews series. We sat down with data strategist and tech leader, Jen Stirrup, discussing the key differences between BI and BA, the impact of AI on these respective fields, as well as her keynote at Big Data Week London Conference. Reserve your seat for Jen’s talk at the upcoming Big Data Week London Conference, on October 5. Get your Early Bird ticket today! 1. In recent years, organizations have increasingly turned to advanced software solutions to manage workloads, maintain profitability and ensure competitiveness within their respective industries. Business intelligence (BI) software and business analytics (BA) programs are arguably the most widely implemented data management solutions. So, what the key differences are between business intelligence […] Continue Reading
A Retail Use Case of IT Governance. Starring: RBDMS, NoSQL, and Blockchain Technology
New technologies are breaking through and investors keep investing hoping for high-returns on IT markets that have over 10x growth predictions. However, like any other innovation, the main risk with new technologies is the lack of adoption. Fighting for Adoption New technologies in IT are not struggling that much to raise money, but are struggling hard for adoption. The lack of adoption and the high-valuations of technologies that have no impact on day-to-day operations is a world crisis triggering factor. Governance is essential to any organization and despite revolutionary new technologies, old-school governance systems are in place. There are many approaches to handling governance, so let’s use an example from the retail industry and try to explain governance in a […] Continue Reading
How to Take Advantage of Big Data in Your Workplace
Guest post by Finnegan Pierson The big data industry is expected to increase in worth to the tune of $200 billion by the end of 2020. Big data analytics allows a business to get a comprehensive insight of their processes and internal operations. The human resource director of CareersBooster, Herbart Marrow, said that business organizations that will embrace data science in their day-to-day operations would end up spending less resources and time on human resource management. Marrow added that such businesses will minimize their resource use by utilizing data that has always been there, but no one knows how best to take advantage of it. The global big data analytics revenues are expected to grow from the current $130.1 billion to […] Continue Reading
The Prospected Impact of AI on Society
No matter your political alignment, the development of AI impacts society on all levels. Are you envisioning a communist or ultra-capitalist dystopian future? The AI is there. Are you thinking of a utopic future? The AI is there as well. We need to come to terms and accept that unless a meteor hits Earth, the AI is here to stay and currently just scratching the surface. A Brief Overview I use the broad term AI to refer to any artificial intelligence, including but not limited to machine learning, deep learning, and artificial general intelligence. For those who are interested in particularities, I refer you to this infographic that briefly explains A.I. AI is the broad term that refers to any […] Continue Reading
Why Data Is Leading the Way to a Cybersecure Future
This is a guest post by Tiffany Rowe In the past, computer security could do little to guard against infection; instead, early security software merely reacted swiftly to threats detected on the machine. Thanks to data, that changed. Today, security tools are effective at predicting threats and guarding against them, so users are hardly inconvenienced by malicious attacks. It is only because diligent data-gatherers accumulated information on malware and attack patterns that cybersecurity software could improve so dramatically – and it will be thanks to data that security continues to improve. How Big Data Improves Cybersecurity A recent study on cyber threats found that the biggest gaps in businesses’ cybersecurity strategies concern the ability to detect malware, corruption and attacks before […] Continue Reading
5 Ways Big Data Is Used In Your Everyday Life
Guest post by Finnegan Pierson With plenty of news stories revolving around how Facebook and other big internet companies use the data they collect from us, you may be wondering what other aspects of your life are affected by data collection. In fact, the number of areas of your life that are touched by data analysis might surprise you. 1. Online Shopping Online shopping is an easy one. Every single online shopping site you use tracks your browsing history of the site’s products to serve them up to you later in highly targeted ads as a way of reminding you of purchases you may have been researching on their site and added to your cart, but didn’t purchase immediately. Google takes […] Continue Reading
