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
industry
From Machines, Crops To Animals; Big Data Turns Traditional Farming Upside Down
The agricultural industry has seen many changes in the past 100 years. Since the birth of the industrial agriculture in 1900, we have moved forward to the era of digital enhanced agriculture where everything that is done prior to seeding and up to after harvesting produces data that can be analysed. Big data already transformed the agricultural industry a lot and in the coming … [Read more...] about From Machines, Crops To Animals; Big Data Turns Traditional Farming Upside Down
New Technology Adoption’This Time Its Personal
We know the statistics an estimated 70 percent of change efforts fail (Kotter) and an estimated 80 to 95 percent of new product launches dont create significant traction in the market, with early stage companies fairing the worst. Unsurprisingly it is hard to convince organizations to adopt new technology, particularly for companies who are still building market presence and … [Read more...] about New Technology Adoption’This Time Its Personal
Three Innovative Ways How Big Data Will Improve the Healthcare Industry
The healthcare is rapidly becoming another digitized industry that will generate vast amounts of data that can be analysed. Taking into account that a fully sequenced human genome accounts for 100 gigabyte of raw data, it may be clear that the healthcare industry will generate vast amounts of data in the coming years. All that data can be analysed to create tailored medicines, … [Read more...] about Three Innovative Ways How Big Data Will Improve the Healthcare Industry
The Body As A Source Of Big Data – Infographic
The healthcare industry will generate vast amount of data and part of that is because treatments such as an MRI scan or a mammogram require large data files. This infographic provides an interesting perspective on big data in the healthcare industry. Infographic courtesy of NetApp … [Read more...] about The Body As A Source Of Big Data – Infographic
