An article at CIO.com sheads some light on what big data can actually do for you.
Tony Hadley was very confident that we won't see Congress pass a law anytime soon--or maybe ever--to protect consumer privacy from overreaching online data collection, as he noted during the Aspen Forum 2014.
The Federal Trade Commission, or FTC, is holding a workshop titled "Big Data: A Tool for Inclusion or Exclusion?" on September 15 in Washington, District of Columbia. The event is open to the public and is designed to address real and perceived discriminatory practices in big data use.
Occasionally a news story will come out hawking the advantages of driver tracking in reducing car insurance premiums and warning of the danger to individual privacy in the process. While such reports are generally correct in their observations and musings, most overlook developing trends that will make car insurance and the in-vehicle driver trackers obsolete in the not-so-distant future.
It's important to occasionally check ourselves on our enthusiasm for data and analytics. Not all outputs are created equal and some can be seriously over-played to the point where people can be harmed from public policies that stem from them.
Research giant Gartner said last year that big data topped its most overhyped technology list but this year the Internet of Things (IoT) reigns supreme.
1010data ran the analysis on back-to-school shopper attitudes towards retailers and the results are not good for the school supply peddlers. "If a retailer is out of stock of an item just twice, 40% of parents say they will avoid shopping at that retailer again," says the report.
Big data analytics, for all their spectacular achievements, are still in their infancy and nowhere near sophisticated enough to replace human analysts on an appreciable scale. That's a fact that Lockheed Martin, a major defense contractor, keeps dead center in its sights despite their naming their marquee product "LM Wisdom."
By combining human ability with computerized capabilities, problems in the analysis can be found faster. MIT's tool allows the human to quickly identify aberrant results and even reconfigure the visualization without them.
Intel has partnered with the Michael J. Fox Foundation to tackle Parkinson's disease. Unlike other efforts, this one uses wearables to collect much of that data.