When the Indiana State Police learned that roadway fatalities in the state increased 7.5 percent from 2014 to 2015, it asked the state’s Management and Performance Hub to help reduce the risk of collisions. The online Daily Crash Prediction Map is a joint effort to make roads safer for citizens and decrease emergency response times.Read the source article at gcn.com..
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?read more »
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..
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..
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..
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..
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.read more »
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..
Artificial Intelligence (AI) seems to be the buzzword du jour for organizations, but this is not an obvious or straightforward transition even for those building advanced products and platforms. Many organizations are still struggling with digital transformation to become data-driven, so how should they approach this new challenge?Read the source article at zdnet.com..
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..