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
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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
Why The 3V’s Are Not Sufficient To Describe Big Data
It is generally accepted that big data can be explained according to three Vs: Velocity, Variety and Volume. In a 2001 research report, META Group (now Gartner) analyst Doug Laney defined big data as being three-dimensional, i.e. increasing volume (amount of data), velocity (speed of data in and out), and variety (range of data types and sources). Later in 2012 Gartner updated … [Read more...] about Why The 3V’s Are Not Sufficient To Describe Big Data
How Will The Future Of Big Data Impact The Way We Work And Live?
The semantic web, or web 3.0, is often quoted as the next phase of the Internet. In a previous post, I discussed the impact of big data on the semantic web, and I mentioned that the semantic web would enable all humans as well as all internet connected devices to communicate with each other as well as share and re-use data in different forms across different applications and … [Read more...] about How Will The Future Of Big Data Impact The Way We Work And Live?
How Coca-Cola Takes A Refreshing Approach On Big Data
As the worlds largest non-alcoholic beverage company, Coca-Cola generates Petabytes of data from various sources. Multi-channel retail data, customer profile data from loyalty programs, social media data, supply chain data, competitor data, sales and shipment data from bottling partners as well as transaction and merchandising data. Coca-cola collects vast amounts of data and … [Read more...] about How Coca-Cola Takes A Refreshing Approach On Big Data
