How Strategy – Not Technology – Is the Real Driver for Digital Transformation

Business owners and executives today know the power of social media, mobile technology, cloud computing, and analytics. If you pay attention, however, you will notice that truly mature and successful digital businesses do not jump at every new technological tool or platform. While they do not sit and wait for months or years to create social media pages or to take advantage of new analytical services, they do approach every piece of technology that they use with a solid strategy. Why?

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How Telecom Companies Can Improve Their Results With Big Data

If they want it, telecom organizations know everything about their customers; where they were when, with whom they connect frequently, what their daily habits are etc, all thanks to the growing amount of call detail records, location data, social media data and network traffic data. The global telecom industry experiences a massive growth in data, thanks to the rise of the smartphones and tablets, t..

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2017: The Year of Smart Prediction for Ecommerce

Ecommerce has been on the rise over the past couple of years. Global total retail sales are expected to be around $22-trillion, 6% higher than last year. And although growth rates are becoming calmer, sales by the year 2020 is expected to reach $27-trillion. Truly, the future is still bright for ecommerce.

However, what is keeping the industry from achieving even bigger heights is how a vast majority of ecommerce businesses are focusing only on key performance indicators – getting only stati..

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Big Data Will Make a Big Difference in Saving Lives

Over the years, Doctors developed their own specialized languages and lexicons to help them store and communicate general medical knowledge and patient-related information efficiently. The promise of a global standard for Electronic Health Care Records is still years away. As we know, medical information systems need to be able to communicate complex and detailed medical data securely and efficiently. This is obviously a difficult task and requires a profound analysis of the structure and the conce..

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A methodology for solving problems with DataScience for Internet of Things

As we move towards a world of 50 billion connected devices,  Data Science for IoT (IoT  analytics) helps to create new services and business models.  IoT analytics is the application of data science models  to IoT datasets.  The flow of data starts with the deployment of sensors.  Sensors detect events or changes in quantities. They provide a corresponding output in the form of a signal. Historically, sensors have been used in do..

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First Big Data initiative? Why you need Big Data governance in place now!

You would be surprised how many major firms, who are now ready to launch their first Big Data projects, have not started an internal Big Data governance program. Big data has great potential to help organizations grow their business, but just having this data will not be enough. To derive the highest value and minimize legal exposure and risk to a firm’s reputation, a Big Data governance program is crucial from the start.

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How the Internet of Things is Changing Big Data and Business

Any talk of the Internet of Things (IoT) is likely to revolve around how it will revolutionize not just the business world but almost everything we do. We could be just a decade or two away from every object we use being connected to the internet in some capacity. The first major wave of IoT devices hit last year, and Gartner is predicting that nearly 6.5..

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The Future of Big Data? Three Use Cases of Prescriptive Analytics

Prescriptive analytics can be seen as the future of Big Data. If we see descriptive analytics as the foundation of Business Intelligence and we see predictive analytics as the basis of Big Data, than we can state that prescriptive analytics will be the future of Big Data. 

Descriptive analytics means looking at historic data, ranging from 1 minute ago to years ago. It can be compared as looking in the rear mirror while driving. Predictive analytics means using all that data..

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