The upstream oil and gas industry needs to focus on data democratisation to gain return on innovation through big data, says Dr. Satyam Priyadarshy, chief data scientist, Halliburton. The rise of big data is featuraing strongly in the upstream oil and gas industry, and along with it comes the challenge of growth in dark data. Gartner defines dark data as the information assets … [Read more...] about Why The Oil and Gas Industry Needs Data Democratization
open data
8 Companies that Found Great Ways to Use Open Data
The Random Walk theory: The efficient markets hypothesis (EMH), popularly known as the Random Walk Theory, is the proposition that current stock prices fully reflect available information about the value of the firm, and there is no way to earn excess profits, (more than the market over all), by using this information. The Private Eye of Open Data: The buzz around open … [Read more...] about 8 Companies that Found Great Ways to Use Open Data
For the Industrial Internet to Prosper, Collaboration is Required
Gone are the days of isolated point solutions that leave companies in a lurch trying to figure out how to get the last mile of their needs met. Industry solutions in the age of Internet of Things, the ones that will really create change and drive new levels of productivity for the enterprise, will necessarily cross the bounds between different applications, platforms, … [Read more...] about For the Industrial Internet to Prosper, Collaboration is Required
3 Innovations that are Disrupting Competitive Intelligence
Clayton Christensen in his brilliant book titled The Innovator's Dilemma spoke about disruptive innovation. While established companies in any sector focus on existing customer needs and sustained innovation at the top of the market, they might leave the space open for new competitors to use simple and disruptive innovation that identify unmet customer needs. These start at the … [Read more...] about 3 Innovations that are Disrupting Competitive Intelligence
Why All Governments Should Hire a Chief Data Scientist Just Like the US Did
Last week, the White House announced that DJ Patil will be the first ever Chief Data Scientist and Deputy Chief Technology Officer for Data Policy. His job will be to act as an evangelist for new applications of Big Data across all areas of government, with a special focus on healthcare. The US government has come a long way regarding Big Data and President Obama is the most … [Read more...] about Why All Governments Should Hire a Chief Data Scientist Just Like the US Did
