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Retail & Public Schools Using Big Data Stories [Examples]

Big data has a story to tell – actually a different story for each one of your customers or users. If you pay attention and respond appropriately, the results can be truly extraordinary. Big Doesn’t Mean Off-Limits Getting Personal with Big Data Crowdsourcing as Fuel for a Better Buying Experience Better Modeling = Better Results Technology to Turn Users into Data Storytellers Big Doesn’t Mean Off-Limits As information has grown exponentially in recent years, big data has become a powerful technological ingredient. McKinsey suggests that harvesting the data and analyzing it creatively will result in $300 billion of revenue within the American healthcare system each year. If that number sounds enormous, compare it to McKinsey’s estimate of how much consumer surplus (difference between what consumers are willing and able to pay vs. the actual market price) will go up for companies incorporating device GPS locations with predictive models: $600 billion. So, we’re talking on the scale of hundreds of billions of dollars. Looking at those huge dollar figures alongside IBM’s estimate that only 10% of our data existed prior to 2013, and the expansiveness of this opportunity becomes mind-boggling, even intimidating. “Given the enormity of the data sets … and […]

IT Analyst: The Cloud May Not Exist

What is “the cloud”? Well, it’s actually thousands of technological infrastructures, each designed and managed by individual companies. One IT analyst thinks that the notion of a single cloud is ill-conceived. “The Cloud,” or a Cheap Imitation? Cloud Snowflake Syndrome: Every Cloud is Very, Very Special Careful Review of Outsourcing & Cloud Cloud Choice is Essential “The Cloud,” or a Cheap Imitation? What’s wrong with “the cloud”? It’s easy to see the benefits in terms of expense and speed. However, the marketing nonsense, where everything is called “the cloud” when it’s actually an individual cloud that is being referenced, gets old fast. In fact, in some cases, “the cloud” is hardly a cloud at all. Take, for instance, AWS – is that “the cloud”? If it is, then why is a guy who built a $200 million cloud startup calling AWS’s monolithic cloud “irrelevant” and “weak”? IT analyst Stanton Jones of benchmarking consultancy ISG says that we should start using “a cloud” instead so that we can repair the damage of thinking that every corporation with big marketing dollars can tell us they are selling us the cloud when it’s often a cheap imitation and certainly doesn’t deserve the status of […]

How Open Government Data and Cloud Computing Create Value

Innovations in Power and Information Better Insights The human Side of Technology Continuing the Push The Right Cloud Innovations in Power and Information In recent years, the federal government has moved to adopt open data and cloud technology. Open data makes it easier for governmental offices: data access is more affordable, and it is simple to make information publicly available. Cloud computing renders the costs of IT infrastructure more manageable and creates an environment within which big data analytics can allow agencies to technologically address complex issues. “Cloud computing and open data take two previously costly inputs—computing power and information—and make them dramatically cheaper,” explained Center for Data Innovation analyst Joshua New. “Government agencies invest large amounts of capital and time to build and manage their own data centers and IT infrastructure.” In other words, the cloud makes planning for the future dramatically more flexible. When only traditional IT was available, it was necessary to establish capacity by predicting how many resources would be needed in the coming months and years. Changing the capacity was complicated, so organizations ended up setting up systems with extra resources so that they would not run into a wall. The cloud makes it possible for […]

Robot Report: The Children of the Cloud are Coming to Get You

NOTE: This is the second part of a 2 part article…to read Part 1, please click HERE. Fast, Cheap, and Out-of-Control? [continued] Hide Your Kids from the Children of the Cloud Can We Stop Robots-Gone-Wild? Aligning Yourself with the Robot Future Fast, Cheap, and Out-of-Control? [continued] It’s becoming more apparent all the time that security practices at many organizations cannot withstand the increasing sophistication of the threat landscape. If the current approach is taken by companies with robots, the negative possibilities will be much more substantial (again, the self-driving car). The reason that the Internet of Things is such a dicey climate for security has to do with the many points of access it allows. “An Internet-connected robot is still a secure control environment,” says Cooper. However, the sensors that gauge temperature throughout a manufacturing facility are not nearly as sophisticated and are easier to trick. Just as with a hacker going through a coffeepot to get to a homeowner’s PC, cybercriminals could go through the sensors to make the robot perform incorrectly. A hacker could send inaccurate temperature readings to a robot that would cause it to weld for a longer or shorter period of time, botching the task. IT security […]

Robot Report: The Children of the Cloud Are Coming to Get You

Robots are about to see their heyday, operating through the cloud-served Internet of Things. Wait, is this the climax of their master plot to tear out the fabric of our civilization? In Nebraska, the nightmare is in the corn cloud. The Robots are Our Cloud Saviors The Nightmare is in the Cloud The Internet of Autonomous Control Loops Fast, Cheap, and Out-of-Control? Hiding in Your Bunker or Ahead of the Robot Curve The Robots are our Cloud Saviors Many people expect artificially intelligent, big-data-driven robots to become much more prevalent over the next decade. “By 2025, artificial intelligence will be built into the algorithmic architecture of countless functions of business and communication,” argues City University of New York entrepreneurial journalism director Jeff Jarvis. “If robot cars are not yet driving on their own, robotic and intelligent functions will be taking over more of the work of manufacturing and moving.” The designers of these robots are building them with Internet of Things capabilities to improve how they operate. They connect with Wi-Fi, take advantage of big data analytics, integrate with open-source systems, and exhibit machine learning, said UC Berkeley Prof. Ken Goldberg. IoT sensors allow the machines to gauge temperature and sense vibrations, […]

Supercomputing vs. Cloud Computing (Part 2)

  NOTE: To read Part 1 of this story, please click HERE. Continuing our previous discussion that compared cloud computing to supercomputing, let’s look at how the cloud is being used to fulfill supercomputer responsibilities on Wall Street and in the world of research. The Wall Street Supercomputer Machine Learning The Academic & Research Supercomputer Cloud that Meets Expectations The Wall Street Supercomputer Now that we’ve compared cloud computing and supercomputing, let’s look at the use of cloud as a supercomputer. Financial analyst Braxton McKee is in the competitive world of Wall Street. Founder of the hedge fund Ufora, McKee started experimenting in cloud since he knew its analytic capabilities were unprecedented among widely accessible technologies. Using an application he developed that becomes more intelligent as it’s used, McKee creates spreadsheets that have as many as 1 million rows and 1 million columns. McKee, 35, is an example of IT-empowered data scientists taking their knowledge and applying it to the financial markets. “What’s remarkable about their efforts isn’t that AI science fiction is suddenly becoming AI science fact ,” explained Kelly Bit. Rather, “mind-blowing data analysis is getting so cheap that many businesses can easily afford it.” Artificial intelligence and machine […]