Google's plan to use more Google+ profile data in advertising serves as both a potential model for other companies' big data monetisation efforts and as a cautionary tale.
Master data management (MDM) is a key foundation for trusted data and using it strategically can differentiate companies from their competitors. It touches nearly every important activity in a company and depends on a partnership between business and IT. Avoid a dead end with your MDM program by reading this paper.
Hugh Rogers argues that we should worry less about the theoretical discussions about what is big data and focus more on the practicalities of how it can deliver value to an organisation.
The Data Warehouse Institute estimates that bad information costs businesses close to $600 million each year. As a result, companies are embarking on broad-scale data quality management initiatives at a rapid pace.
Big data is rapidly emerging as an important resource for enhancing customer relationships. Teamed with predictive analytics tools, it can be used to improve loyalty, increase sales opportunities and boost the bottom line.
CSIRO has named Dr Bronwyn Harch as chief of its new research division CCI, which will focus on tackling challenges including the exponential growth in data being produced.
Business users require a holistic view of the enterprise to better understand business performance and uncover opportunities for competitive differentiation. These business requirements reflect the need to make trusted decisions in less time but most of the data they need is fragmented across many applications, which are hard to integrate. Therefore, a data warehouse is built to transform the data into a single system.
Dell has announced Toad Business Intelligence Suite 2.0, a solution that lets organisations access and extract meaningful information from traditional and non-traditional data sources.
Researchers from the UK and the US claim to have found a link between reader activity on Wikipedia and subsequent falls on the stock market.
At the recent NICTA TechFest, held at Parliament House in Canberra, we had the opportunity to speak with Professor Robert C Williamson, the leader of NICTA’s Machine Learning team, about some of the big innovations he thinks CIOs need to keep their eyes on.
Big data is not about the technology. Big data is not about the next big thing in the IT department. Big data is not all about the social media revolution. Big data is all about really smart people forging the tools to enable business and organisations to stop guessing about which decision is the right one to make.
With the increasing popularity of big data, business intelligence, and data mining and analytics, our ethical footprints are becoming both more expansive and harder to see.
The new version of SAS Visual Analytics visual data exploration software includes added graphical display options and analytical capabilities. The in-memory solution allows users to examine data, execute analytic calculations on billions of rows of data and present results visually.
Water services provider Veolia has used Australian software in a European trial of water demand prediction, achieving an accuracy rate of 99.5%.
The high costs associated with big data projects will push more and more organisations to use their stores of data as a direct revenue source in the coming years.