When we hear the phrase ‘big data’ most of us think about the information and insight that can be gleaned from analysing the vast amounts of untapped data pools lying within our businesses. The industry is saturated with opinion about big data analysis in order to draw usable insights and ultimately aid customer retention or enhance business processes. However, although incredibly important, these thoughts overshadow the conversation around management of, and access to, big data.... Read More
The H(app)athon Project is an initiative that began in October of 2012 with a goal of quantifying happiness. I wrote an article on Mashable called, The Value of a Happiness Economy that compared Quantified Self, The Internet of Things (including Big Data) and Bhutan’s Gross National Happiness that provided a solution to improve well-being around the world – have a hackathon for happiness, or a H(app)athon. The role of Big Data around the world to gauge... Read More
Big data is now a commonly used term within the business world and many companies are implementing solutions to make the most of the untapped data within their systems. It’s no longer ‘new,’ but how businesses are choosing to use this data is changing. Beyond traditional uses of big data there are exciting ways for organisations of all size to better leverage the information gleaned to make more informed decisions and ultimately, run their business... Read More
The old saying “less is more” is arguably more relevant today than ever before. In an increasingly complex and noisy world, efficiently extracting meaning from the torrent of raw data presented to us every day is critical. One might assume that the more information you have, the better, but too much information can quickly become unwieldy. A great deal of research has gone into the idea of ‘choice’. The Paradox of Choice: Why More Is... Read More
It increasingly seems that everyone wishes to be ‘open.’ What we really mean by ‘open,’ however, is yet intriguingly unclear. Richard Stallman, one of the creative forces behind the free software movement, once aptly questioned the concept: in a hot room filled with enthusiastic advocates of ‘open’ the only thing he’d like to see opened was the nearby window. In other instances he’d prefer the word ‘free.’ We don’t know all the exact reasons for Mr Stallman... Read More
How can Big Data help connectivity and mobility? Events around the world are looking this week at what Big Data means, what’s exciting about it and how we can best make use of it. For us at Startupbootcamp, Big Data is deeply correlated with connectivity and mobility – they go hand in hand. With an increasing number of connected devices, the ‘Internet of Things’ presents us with a huge range of opportunities based on the... Read More
By Kevin Long, Business Development Director, Teradata UK No matter what the industry, forming the intelligent discovery environment required to generate competitive advantage from big data can be extremely tough. Although traditional analytics and methodologies are fairly robust, in the rush to generate insight from big data projects, the introduction of new analytics technologies and previously unfamiliar open source data storage tools like Hadoop will inevitably create a learning curve. Creating such an environment also... Read More
So what is Big Data? It’s the current drive to generate useful and relevant insights from huge (indeed, previously intractable) data sets. The phenomenon is increasingly being touted in business circles as the best route to generating greater knowledge and insight into customer and business needs. If you’re not familiar with Big Data, all you need to know can be broken down into two projects: * How to best store massive volumes of data (large... Read More