Big Data Success: Decrease Expenses, Create New Revenue Streams

  NewVantage Partners 2017 Big Data Survey: A strong plurality of executives, 48.4%, report that their firms have realized measurable benefits as a result of Big Data initiatives.  A remarkable 80.7% of executives characterize their Big Data investments as successful, with 21% of executives declaring Big Data to have been disruptive or transformational for their […]

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Pressed Data: Best of 2016

  In Pressed Data, my Forbes.com column, I try to chronicle the evolution of digital technologies, their business impact, and the people behind the innovations, business models, and new ideas. In 2016, I covered artificial intelligence—the 60-year-old new new thing, big data—the most recent hottest trend and a catalyst for the new-found popularity of the […]

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McKinsey Updates Estimates of Big Data Potential Value

Source: McKinsey, 2011 [In 2011], we estimated the potential for big data and analytics to create value in five specific domains. Revisiting them today shows uneven progress and a great deal of that value still on the table (exhibit). The greatest advances have occurred in location-based services and in US retail, both areas with competitors […]

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Who needs economists when ‘the data speak for themselves’?

The Economist: Machine learning is still new enough for the backlash to be largely restricted to academic eye-rolling. But some familiar themes are emerging in this latest craze. In principle, these new techniques should protect economists from their own sloppy theorising. Before, economists would try to predict things using only a few inputs. With machine […]

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Internet of Things: To Fog or to Cloud?

BI Intelligence: Cloud computing, usually just called “the cloud,” involves delivering data, applications, photos, videos, and more over the Internet to data centers. The Internet of Things, meanwhile, is the term for the connection of devices (other than the standard ones such as computers and smartphones) to the Internet. Automobiles, kitchen appliances, and even heart monitors could all be connected […]

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China: Increasing Investments in AI, Big Data and Digital Health

Gartner Hype Cycle for ICT in China, 2016 Gartner: Despite the slowdown in GDP growth to 6.9 percent in 2015, China is still making aggressive investments to drive the adoption of high technology by local enterprises and organizations, according to Gartner, Inc… The massive consumer base and the number of internet users in China (estimated […]

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Benchmarking Your Analytics Initiative

Analytics is both the lifeblood and livelihood of digital native companies such as Google and Facebook which thrive by analyzing the data generated by their Web position to drive their access to and engagement with millions of people. This analytics dominance by the digital natives has been expanded by a number of older companies such […]

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