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Data Mining

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The Amazing Ways Big Data Is Now Used in HR

July 22, 2014 by Bernard Marr

The Big Data Guru column.

Employees are a both a business’s greatest asset and its greatest expense. One company offering unique solutions to help others tackle this challenge is Evolv, and in this post I will have a look at what they do, and why it’s an important – but controversial - example of big data analysis driving business growth.[read more]

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Multi-Channel Retail: Where Big Box Meets Big Data

July 22, 2014 by Charles Settles

Retail and big data.

Amazon’s highly publicized unveiling of their Prime Air project was seen as a warning shot across the bow of logistics giants UPS and FedEx, but Walmart would do well to pay attention too. As noted in part one of this two-part series on multichannel-retail, Walmart’s dominance is as much because of their investment in distribution as it is because of their low cost of goods sold.[read more]

Data Controls and Customer Loyalty: How Big Companies Keep Clients

July 16, 2014 by Kristen Paral

Data controls and customer loyalty.

Data controls may go hand-in-hand with maintaining accurate financial information and compliance reports, but IT leaders from some of the nation’s biggest enterprises say they also use controls for something else: Customer retention.[read more]

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3 Ways Big Data Is Changing Financial Institutions Forever

July 15, 2014 by Bernard Marr
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The Big Data Guru column.

Big data and financial services are natural match – after all, with nothing to manufacture, and no physical product to sell, data is the bedrock the industry is built on. On top of that, most of their business is quantitative – they mainly deal in good old-fashioned numbers – the simplest data to record and analyse.[read more]

Data Collection 101: Where Is Your Data Coming From?

July 15, 2014 by Tracey Wallace

Where is your data coming from?

Data verbiage is confusing at best and nonsensical at worst. Big data implies little other than amount. Identity data implies little more than behavior. And data scientist implies little else than data mining which implies an abundance of code and algorithms, to say the least.[read more]

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Big Data Is Changing Every Industry, Even Yours!

July 1, 2014 by Bernard Marr

The Big Data Guru column.

For a business, the ability to have its production, stock control, distribution and security systems all connected and talking to each other will mean greater efficiency and less waste. Every area of industry is learning to reap the benefits of big data analysis, and it looks certain that finding innovative methods of gathering, recording and analyzing data is going to play a big part of business in the foreseeable future.[read more]

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Practice Fusion's Partnership with Merck Shows the Future of Medical Data

June 30, 2014 by Cameron Graham

Medical data.

Practice Fusion recently partnered with vaccine manufacturer and drug company Merck to launch an online healthcare portal for physicians called Population Health Management. The idea is that the roughly 112,000 medical professionals who use Practice Fusion’s free EHR program will be able to compare their patient’s vaccination rates to those of neighboring practices.[read more]

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A Quick Guide to Structured and Unstructured Data

June 28, 2014 by Michele Nemschoff
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Guide to structured and unstructured data.

Big data has opened doors never before considered by many businesses. The idea of utilizing unstructured data for analysis has in the past been far too expensive for most companies to consider. Thanks to technologies such as Hadoop, unstructured data analysis is becoming more common in the business world.[read more]

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How Big Data Will Change Marketing Forever

June 17, 2014 by Bernard Marr
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The Big Data Guru column.

Companies have been collecting data on us for decades, but since we all went online - and in particular since we got social online - the amount we give away about ourselves and the number of ways a business can exploit that information, have exploded.[read more]

Tell Your Kids to be Data Scientists, Not Doctors

June 11, 2014 by Linda Burtch

Tell your kids to be data scientists.

Data scientists earning more than doctors! Salary is not the only reason however, that I would recommend encouraging your children to pursue statistics and coding over going to medical school. There are big changes happening in healthcare right now, and the implementation of EHR (electronic health records) in particular is a great example of how data scientists will be working with doctors in the future.[read more]

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How Amazon Uses Big Data to Boost Its Performance

June 10, 2014 by Bernard Marr

The Big Data Guru column.

We all know that Amazon pioneered e-commerce in many ways, but possibly one of its greatest innovations was the personalized recommendation system – which, of course, is built on the big data it gathers from its millions of customer transactions. Amazon has grown far beyond its original inception as an online bookshop.[read more]

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WOW! Big Data at Google

June 3, 2014 by Bernard Marr

The Big Data Guru column.

Google has not only significantly influenced the way we can now analyze big data (think MapReduce, BigQuery, etc.) – but they probably are more responsible than anyone else for making it part of our everyday lives. I believe that many of the innovative things Google is doing today, most companies will do in years to come.[read more]

Big Data Isn’t Just a Product of the Internet, It Is the "New Internet

June 2, 2014 by Tracey Wallace

The "new" Internet.

It isn't only the mobile web accounting for our boom in mobile Internet usage. After all, browsers like Safari or Chrome are merely two apps in a sea of mobile apps available for mobile consumers. Instead, it is the popularity of apps in general, specifically social media apps, that are the driving force behind such high usage of mobile Internet.[read more]

2020: US Banks Are Betting Big on Analytics

May 31, 2014 by Naagesh Padmanaban

US banks and analytics.

Most US Banks – small and big are on board this transformational journey. These initiatives involve great investments and outcomes are keenly tracked. Many careers are at stake. But those that succeed will form the backbone of US Banks 2020. This obviously will result in intense competition and change the banking landscape in the US forever.[read more]

Business Intelligence and Your Business: Ignorance Is Not Bliss

May 28, 2014 by Ray Major
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Ignorance is not bliss, you need BI.

Once you have identified the data sources needed, we can use those to impact your business processes. You can measure those business processes using your performance indicators and result indicators - and those in turn support your KRIs and KPIs, which support your critical success factors and ultimately help you achieve your corporate goals.[read more]