With all the hype around big data, it sometime seems that everyone is doing it. But the truth is that implementing big data analytics can be almost as difficult as it is potentially profitable. The secret about big data is out, and the race to become a data-driven company is on. Management consultant companies are in overdrive to get their clients working on data analytic … [Read more...] about The Big Data Cold Feet Syndrome
big data strategy
3 Ways to Get Smarter With the Data You Have
Aren't we getting good at collecting data? In fact, I'd say we've never been so good. We've got forms for everything, we've got people on the phones, we've got CRM systems, we've got spreadsheets... we're probably as good as we ever have been at collecting data. It's such a shame we're still useless at using the data. I still see a litany of schoolboy errors with data, from … [Read more...] about 3 Ways to Get Smarter With the Data You Have
Don’t Let Your Big Data HR Program Backfire
Big data seems to be used for everything these days, so the fact that it has become an important component of HR should probably not be a surprise. The proper use of big data can offer an assortment of unique insights as it identifies patterns, trends, and attributes that might normally escape the notice of businesses. Putting big data into practice with HR can be seen as a … [Read more...] about Don’t Let Your Big Data HR Program Backfire
Can Big Data Remove Bias in Hiring and Business Practices?
Businesses are turning more to Big Data for hiring and in day to day business practices. This has ignited the discussion as to whether bias can be eliminated. Does Big Data in fact remove bias? Some say yes because algorithms are mathematical in nature. They arent subjective. Other say the data and algorithms are as biased as their creators. To better assess this argument, … [Read more...] about Can Big Data Remove Bias in Hiring and Business Practices?
3 Statistics Denial Myths on the Volume of Big Data
"Raw data is a viscous fluid containing information" Myth #7: Big Data Volume (Or Large N) contains complete information Myth #8: Big Data Volume (Or Large N) speaks for itself Myth #9: Big Data Volume (Or Large N) replaces sampling and other statisticsso much information The first misunderstanding about Big Data is that there is a data rush. To be more acccurate, we are in … [Read more...] about 3 Statistics Denial Myths on the Volume of Big Data
