The digital universe is expanding at a rate of 1 exabyte per day (that is the equivalent of 250 million DVDs!) and we are all responsible for this growth. Apart from the data that is not made publicly available, every day we like, we tweet, we comment, we share, we blog and we publish information on the web. We do this via our smartphone, tablet, laptop or computer and quite … [Read more...] about Big Data Ownership – Who Owns Your Data?
Big Data
What is The Effect Of Big Data On Your Privacy?
With every new disruptive technology comes new issues and with Big Data comes privacy issues. As more and more data is collected, stored and analysed by companies, organisations, consumers and governments it is important to have specific Big Data privacy regulations organised; Big Data brings big responsibility. More and more consumers and organisations are getting aware of Big … [Read more...] about What is The Effect Of Big Data On Your Privacy?
How to Define Big Data On Your Balance Sheet
In the old days IT was about saving money, while Big Data is about making money. If Big Data is about making money, it is about creating value and value should be placed on the balance sheet as an asset. A recent study by SAS showed that around 20% of the large UK companies are already assigning financial value to their data on the balance sheet of the company, so more … [Read more...] about How to Define Big Data On Your Balance Sheet
How Amazon Is Leveraging Big Data
Amazon has an unrivalled bank of data on online consumer purchasing behaviour that it can mine from its 152 million customer accounts. Since many years, Amazon uses that data to built a recommender systems that suggest products to people who visit Amazon.com. Already in 2003 they used item-item similarity methods from collaborative filtering, which was at that time … [Read more...] about How Amazon Is Leveraging Big Data
Does Big Data mean Big ROI For Your Organisation?
Big data, like every new technology, needs to be sold to the management in order to be implemented and, like every other technology, needs to show what the return of the investment will be. Many organisations believe that a Big Data strategy requires a big investment with unknown results. Although McKinsey stated that companies using Big Data can increase their operating margin … [Read more...] about Does Big Data mean Big ROI For Your Organisation?
