In recent years, big data has become a key consideration across all major markets, impacting entire industries, reshaping business strategies and offering untold promise to those capable of harnessing its true power. The value of big data is continuing to grow exponentially and today it stands as the lifeblood for both organisations and even the wider economy at large. The numbers are astonishing. According to The Economist, the quantity of global data is forecasted to... Read More
Data, data, everywhere, the big data rush has some similarities to other near and far, fresh and old events. The dot com rush of the late 90’s, the social media rush a few years ago, and now this. Obviously we have seen other rushes such as the gold rush, the real estate boom and back in Europe, the tulip rush. The key themes are that these were new concepts for a broader audience and reached... Read More
Like many businesses we follow the story of Big Data and what it means to us and our clients. With a massive increase in volume, velocity and variety of data it is more important now than ever before, to ensure we provide ourselves and those who use our services with a secure, safe and resilient environment to store data. But I have been thinking all this Big talk is a little bit frightening don’t you... Read More
Have you heard the new term ‘Fast Data’ around the water cooler? A recent article on the Oracle blog at Forbes.com, “Fast Data Gets A Big Jump On Big Data,” talks about how and why Fast Data is becoming one of the top requirements for organisations trying to keep up with their information. Move over big data…looks like fast data is the next new business intelligence issue creeping into your territory. But is it really... Read More
Author: Mike Hughes, European MD, 24 7 www.247-inc.com The rise of big data over the past decade has been one of the key technology trends of that period. Throughout Big Data Week you’ll hear about enterprises using big data to make informed decisions about their organisation and improve business functions such as sales and marketing. Yet given the depth and breadth of big data and how it can provide remarkable insight into customer behavior and... Read More
Big Data. It’s been the subject on businesses’ lips for some time now due to its potential to improve performance across the board, delivering better results and increasing revenues. This is an unprecedented opportunity in today’s tough economic times, so why haven’t we seen more businesses shouting about the benefits they’ve seen on their Big Data journeys? Is it simply a case of businesses keeping their cards close to their chest as they work to... Read More
In a world where ABC (Analytics, Big Data, Cloud) are converging, the need to manage, monitor and predict business outcomes and market readiness is also changing. And with the wide prevalence of tablets, smart phones and social media, the urgency to mine intelligence from the tons of raw data is prodding more companies and governments to beef up their big data plans. Simply put, BD (big data) is the amalgamation of structured data (in databases)... Read More
Data generated by online retail is very different, and much more difficult because the ‘inputs’ of online retail are both more numerous and more changeable. Online there are fewer upfront constraints on scope or reach. Combine this with the almost limitless possibilities for adjusting the hundreds of day-to-day activities – keyword bids, navigation, delivery charges, sort orders, prices, marketing, promotions or customer emails. The consequence is that the data is considerably more complex – there... Read More