There is one purpose of collecting data that is obvious but worth a reminder: keeping important data in-house. The more data you own, the more likely it is you build the value that comes with it. Of course, the probability function is not linearly proportional so one cannot, generally (note the exception of Santa Claus), double the value of collected data by doubling its … [Read more...] about Corporate Big Data Fills Digital Trash Cans
Big Data
Data Preparation: Checking Under the Hood of Analytics Software
Say you want to buy a car. You go to a dealership and the salesman points out an attractive looking vehicle. This is a great car, he says, Just look at the finishing. The amazing leather seats. The shiny new layer of red coloring. Hes very enthusiastic so you hum politely and say, Thats nice. What about the mileage? Gas consumption? How will this car actually get me to where I … [Read more...] about Data Preparation: Checking Under the Hood of Analytics Software
10 Really Cool Data Cartoons You Have to See!
There are so many blogs about data dos and data donts, Big Data, Small Data, and Hard-to-Find Data. We are living in a world where data is the new currency and businesses are trying to collect it is as fast as consumers are producing it. But we arent going to talk about data today we are going to show you. Heres a great collection of 10 cartoons that describe the new world of … [Read more...] about 10 Really Cool Data Cartoons You Have to See!
Do You Have a Love-Hate Relationship With Your Data?
Cant live with it? Cant live without it? Has your relationship with data seen better days? When the business is ticking over nicely, and data is fresh, everyones content and happy. They can get on with their work, free from the burden of decrepit databases and phone numbers that never connect. But then the honeymoon period ends, and the relationship needs work. Its getting … [Read more...] about Do You Have a Love-Hate Relationship With Your Data?
Why Is Data Quality Holding Up Data-Driven Business Decisions?
Only a few years ago, the data in the world used to be primarily structured data that was relatively easy to analyse. However, in the age of information overload, most of the data has become unstructured or semi-structured data. In fact, currently 90% of all data is unstructured data such as documents, videos, images, voice records etc. Combining these different data sources … [Read more...] about Why Is Data Quality Holding Up Data-Driven Business Decisions?
