In all technology trends, there is always the cutting edge and the waiting majority behind them. Why would Big Data be any different? It’s only sensible; after all, to remain a little cautious and let the early adopters test the waters and discover the difficulties first: then you can take the tried and tested route and get on-board later. The problem is 40% of the Global 9000— the 9,000 public companies reporting a billion dollars... Read More
DAUNTING DATA Every minute, 48 hours of video are uploaded onto Youtube. 204 million e-mail messages are sent and 600 new websites generated. 600,000 pieces of content are shared on Facebook, and more than 100,000 tweets are sent. And that does not even begin to scratch the surface of data generation, which spans to sensors, medical records, corporate databases, and more. As we record and generate a growing amount of data every millisecond, we also... Read More
Kevin Long, Business Development Director at Teradata UK The most common challenges faced by European firms using big data are inadequate knowledge of both technical and business issues, a new Business Application Research Centre (BARC) study has shown. Having no clear business case, technical problems and cost pressures also emerged as problems. One of the main reasons that big data remains a practical challenge is the diversity of modern big data analytics, which frequently involves... Read More
Given that it is of course cheaper for an automotive brand to retain a customer rather than find a new one, the importance of up-to-date customer information is absolutely crucial. Although not an exception, the automotive industry relies heavily on accurate data when it comes to brands trying to secure repeat customers. While it is one thing actually promoting after sales to a customer, it is another to expect them to remember such detail in... Read More
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Apr
Using Performance Data to Revolutionize the Management of Cook County Government, Part 3: The Future
Starting at the end of Fiscal Year 2012 and continuing into Fiscal Year 2013, the STAR program will further engage with agencies to support the use of performance data as a management tool. The effort will include facilitating internal goal-setting discussions within agencies and departments, as well as training and regular monitoring. Currently, the Performance Management Office manually collects and aggregates over 600 metrics each month. As a result, the Performance Management Office is currently... Read More
Each quarter, Cook County officials in the Public Safety, Property Tax, Economic Development, and Healthcare areas submit performance management data and hold meetings to review their progress. The data from the officials is combined with the data from the Offices Under the President and published in a quarterly STAR Report. To date, there have been 7 published quarterly reports. These reports give the public insight into how the County is managing to their goals and... Read More
The County’s “Set Targets, Achieve Results” (STAR) Performance Management program strives to measure, report and manage performance to promote Cook County Board President Toni Preckwinkle’s four goals: fiscal responsibility, innovative leadership, transparency and accountability, and improved services. STAR began with an ordinance introduced by President Preckwinkle and passed unanimously by the Board of Commissioners. It requires every office to set goals, manage data, and meet regularly to make improvements. STAR is a partnership between the... Read More
The value of holding data has been recognised since the dawn of commerce when merchants inscribed key business data onto tablets. That analysing business data can provide insights and unlock revenue is not new thinking, so what is the big deal with Big Data? Big data’s disruptive value is created by the advent of high performance, digital data capture. These technologies have made data collection virtually free. Internet-based marketing systems capture information about consumer preferences as... Read More