Companies have long been involved in the analysis of how a company performed over time. As the history of big data shows, already for many years, we try to understand how the organisations or the world around us behaves by analysing the available data. In the past, this used to be merely descriptive analytics. This answers the question what happened in the past with the … [Read more...] about Understanding Your Business With Descriptive, Predictive And Prescriptive Analytics
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How Big Data And Analytics Can Help The Banking Industry – Video
The Banking Industry are trying to return to pre-2008 profit margins, but they face tough challenge to achieve that. These challenges, including tighter regulations or reduced interest rates, can be overcome using big data and analytics. Banks collect vast amounts of (customer) data and this data can be used to generate new revenue streams. This interesting video by IBM shows … [Read more...] about How Big Data And Analytics Can Help The Banking Industry – Video
How Big Social Data Can Help Law Enforcement Video
Big data can provide law enforcement with the capabilities to look at the future by combining different sources of information. Big data can help to identify the emergence of the crime and future patterns of crimes. Babak Akhgar, Professor of Informatics, Director of CENTRIC, discusses a 6-tier model of how law enforcement should utilize big data: An assessment should be made, … [Read more...] about How Big Social Data Can Help Law Enforcement Video
How Big Data Enables The Golden Age Of Humanity – Video
An interesting talk by Byron Reese about how the world of tomorrow will be full of cheap sensors of all kinds that will create a massive collective memory for the planet. The Internet of Things will optimize our daily lives, thanks to smart algorithms that will analyse all that data. Byron Reese claims that all those sensors will help us live better lives and become smarter … [Read more...] about How Big Data Enables The Golden Age Of Humanity – Video
How To Put Big Data To Work – Infographic
Big data can provide a lot of benefits for organisations from any industry, any size and from all over the world. The problem that organisations quite often encounter is not so much that they do not have enough data, but that they fail to use it in a meaningful way. This infographic, made by big data best practices prepared for you. … [Read more...] about How To Put Big Data To Work – Infographic