Data scientists are not restricted to big data jobs which means big data users have to compete harder for talent.
Is there or will there be a bubble, i.e. a period where vendors will be made of gold and users will be paying top dollar? Will there be a get-rich-quick moment that will crest right before the bubble bursts?
When we use big data to inform decisions, all is good. But when we let big data dictate our decisions, things go toes up pretty darn quick. That's the lesson many learned the hard way--especially sport teams--while following the Moneyball path.
It would be wonderful if we could all back in time and prevent ourselves from doing anything that would release our information to any entity and prevent it from finding a life of its own in the wild. But it's too late for all but the unborn.
TSYS, a major credit card processor reported more than 21,000 Fifth Third Bank customers had filed for bankruptcy. Unfortunately none of those thousands of people actually had.
While some people will undoubtedly see this focus on the private sector as scope creep or an evasion of the government surveillance issue, I would respectfully disagree. Much of the data the U.S. government collects is from private companies, with or without their knowledge.
The grant is seed money to develop new big data computing tools for the advancement of science. It's interesting to note the intertwinement of international funding in science endeavors.
Apparently President Obama's call for a review of privacy issues was not just sound byte fodder for cable news as the effort is underway on several fronts. On March 3, the White House and MIT will cohost a day long workshop to address and explore the issues.
Below is the set of principles they think should be adopted across the board to prevent discrimination. The big surprise to some is that these principles do not apply only to minorities but to the much broader sweep of human rights.
Last year, big data stole the show when Farsite analysts correctly predicted five out of the six winners and they were ready to do it again. This year, six out of six predictions were correct.
Proving once again that fact is stranger than fiction, a lawsuit meant to shorten the time that the NSA can keep data resulted in the agency getting to keep data even longer.
Meanwhile, if you're still holding on to the notion that big data is a trend, this is your cue to rethink the situation.
From consumer sales to public uprisings, big data can only tell you what is happening and not why it's happening. Without knowing the why behind the what, the actions you take on big data insights can easily and woefully be off course.
The National Oceanic and Atmospheric Administration needs help from private companies in making all of its data accessible to the public
While everyone at this year's Mobile World Congress in Barcelona is excited about the many new opportunities for monetizing customer data, growing customer mistrust is dampening hopes that such will be sustainable. Plans are underway to build consumer trust again.
Much ado is made about how big data can rev up revenues, usually in light of product innovation or creating new lines of revenue streams. Little is said of the reverse positive that can also be found through big data: sometimes the big money is in scaling back your business rather than expanding it.
Supporters say it is the ideal way to optimize teaching. Detractors say it can unfairly bar some students from a college education, give advertisers too much access to kids and provide the means for unscrupulous characters to manipulate young minds. Who is right? Is big data in the classroom a good thing or a bad thing?
Gartner research VP Frank Buytendijk warned the private sector to be ready to hit the brakes on big data before they cross the 'creepy line.' He also recommended caution in moving too fast in using big data tools. "If you don't know what you are doing, easy-to-use tools lead to more spectacular failure," he said. Here's what else he said.
Giving up is easy to do but the repercussions for doing so are going to hurt in more ways than you can imagine right now. To get unstuck and move ahead, change your mindset and think about it this way…
The report includes videos of various BigDataSV 2014 interviews with folks on the frontline.