By David Shepardson and Nandita Bose WASHINGTON (Reuters) - California asked to join the U.S. Department of Justice's antitrust lawsuit against Google on Friday, making the state's attorney general the first Democrat to openly support the litigation. The department in October accused the $1 trillion California-based company of illegally using its market muscle to hobble rivals, … [Read more...] about California files to join U.S. antitrust lawsuit against Google
Big Data
Learn everything you need to know about big data. Find out how companies are using this revolutionary technology and what it means for your business strategy.
Top Five Methods to Identify Outliers in Data
Outliers “ the twisted tale of data! But what is an outlier? As defined by Wikipedia, an outlier is a data point that differs significantly from other observations. An outlier may be due to variability in the measurement or it may indicate the experimental error; the latter are sometimes excluded from the data set. An outlier can cause serious problems in statistical … [Read more...] about Top Five Methods to Identify Outliers in Data
Struggling With Data Literacy? That’s Great News!
Less than two years ago, data literacy was not something I heard many people in the business world talking about. Recently, it is something that comes up in more conversations than not. In this post, I'll address a few misconceptions about data literacy and then make the case that while it is a challenge, data literacy is actually a great problem to have. Data Literacy Is About … [Read more...] about Struggling With Data Literacy? That’s Great News!
U.S. cybersecurity firm FireEye discloses breach, theft of hacking tools
By Christopher Bing and Joseph Menn (Reuters) - FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that it has been hacked, likely by a government, leading to the theft of an arsenal of internal hacking tools typically reserved to privately test the cyber defenses of its clients. The hack of FireEye, a company with an array of business … [Read more...] about U.S. cybersecurity firm FireEye discloses breach, theft of hacking tools
Pushing Global Trade to the Highest Degree of Accountability
The global supply chain today has taken most logistics out of the control of companies, making them vulnerable to risks, as they commit to deliver value to customers. Companies, on their part, generally, took this in their stride - until the global shutdown with the pandemic of 2020. Tracking goods and paperwork as borders closed amidst a rising pandemic, was chaotic, and … [Read more...] about Pushing Global Trade to the Highest Degree of Accountability
What is big data?
Big data is a term that refers to the massive amount of digital data created and shared every day. Big data can transform how we live, work, and communicate. It can be used to improve everything from public health and urban planning to business and marketing.
Big data is also changing the way we think about privacy and security. The volume, velocity, and variety of big data present challenges and opportunities for organizations and individuals. Regardless, big data is here to stay, and its impact will only continue to grow in the years to come.
What is big data analytics?
Big data analytics is the process of turning large, complex data sets into actionable insights. Businesses use various analytical tools and techniques, including machine learning and statistical analysis, to do this.
Big data analytics can be used to improve decision-making in areas like marketing, operations, and customer service. It can also be used to identify new business opportunities and optimize existing processes. With the help of big data analysis, businesses can gain a competitive edge by using their data better.
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When was big data introduced?
The term big data was coined in the 1990s, with some giving credit to John Mashey for popularizing the term. However, the concept of big data has been around for much longer.
Where does big data come from?
In the early days of computing, scientists and businesses began to realize that the amount of data being generated was increasing exponentially. As a result, they began to develop new methods for storing and processing data.
Over time, these methods have become increasingly sophisticated and have played a key role in enabling businesses to make sense of vast amounts of information. Today, big data is used in various industries, from retail to healthcare, and its importance is only likely to grow in the years to come.
What are examples of big data?
One of the most common examples of big data is social media data. With over 2 billion active users, Facebook generates a huge amount of data every day. This includes information on user interactions, posts, and even location data. Analyzing this data can help companies better understand their customers and target their marketing efforts.
Another example of big data is GPS signals. These signals are constantly being generated by devices like cell phones and fitness trackers. When combined with other data sets, GPS signals can be used to provide insights into everything from traffic patterns to human behavior. Finally, weather patterns are another type of big data set. By tracking these patterns over time, scientists can better understand the impact of climate change and develop strategies for mitigating its effects.
How do companies use big data?
Companies use big data in marketing, product development, and customer service. By analyzing large data sets, businesses can identify patterns and trends that would be otherwise difficult to spot. For example, a company might use big data to track customer behavior patterns to improve its marketing efforts.
Alternatively, a company might use big data to improve its products by identifying areas where customers are most likely to experience problems. For instance, big data can be used to improve customer service by finding pain points in the customer journey. Ultimately, big data provides companies with a valuable tool for gaining insights into their business operations.