A recent report published by business analytics company Lavastorm paints a sorry picture for Big Data. Their study of 500 data scientists and professionals revealed that nearly 73% of the organizations still do not make use of Big Data for taking business decisions. This is despite the fact that investments in analytics have risen 65% over the past year. The Lavastorm report … [Read more...] about What Various Studies Tell Us About Big Data And Its Future
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How Oxford University Takes Healthcare Data to A New Level
The Oxford University knows how to take Healthcare Data forward and recently started with a new initiative, which is funded by the Li Ka Shing Foundation. The Li Ka Shing Centre for Health Information and Discovery connects Big Data and latest technologies to make new discoveries. The centre brings together two different themes; research in Healthcare Data and the Target … [Read more...] about How Oxford University Takes Healthcare Data to A New Level
The Dangers Of Becoming Too Data-Driven – Video
Susan Athey, Professor of Economics at Stanford Graduate School of Business, discusses in this short video how data-driven organisations still require to exercise intuition and judgement to ensure that short-term results don't override long-term interests. … [Read more...] about The Dangers Of Becoming Too Data-Driven – Video
How To Develop A Big Data Strategy To Outperform Your Competitors
A Big Data study from 2013 by Tata Consulting Services showed that 47% of the 1217 firms surveyed had not yet undertaken a Big Data initiative. A similar research project by the SAS Institute in 2013 revealed that 21% of the 339 companies questioned did not know enough about Big Data and 15%of the organisations did not understand the benefits of Big Data. Several other surveys … [Read more...] about How To Develop A Big Data Strategy To Outperform Your Competitors
The True Value Of Digitising Business Critical Documents – Video
For Big Data to fully impact an organisation it is of course important that all of a companys information is digital. A research by Ricoh showed that although managers are aware that big data opportunities require also the physical documents that hold critical business insights, still 50% of the surveyed organisations have five to ten years worth of information stored only in … [Read more...] about The True Value Of Digitising Business Critical Documents – Video
