Big Data

2107/2017

You’re going to need a bigger boat!

By |July 21st, 2017|Categories: Internet Of Things (IoT), Predictive Analytics|Tags: , , |

With the recent 42nd anniversary of ‘Jaws’ the film, everyone always comes up with the tagline above ‘you’re going to need a bigger boat’ and that led me recently to consider where we have come from regarding engineering, calculations (to solve problems), data, data science and now to Big Data, the Internet of Things (IoT) and its Industrial counterpart and the role of the engineer and the data scientist.

Back in my day, not quite 42 […]

2812/2016

The Missing Link in Why You’re Not Getting Value From Your Data Science

By |December 28th, 2016|Categories: Internet Of Things (IoT), Predictive Analytics, Predictive Maintenance, Technology & Engineering|Tags: , , , , , , |

The Missing Link in Why You’re Not Getting Value From Your Data Science

by Robert Morris, Ph.D.

DECEMBER 28, 2016

Recently, Kalyan Veeramachaneni of MIT published an insightful monologue in the Harvard Business Review entitled “Why You’re Not Getting Value from Your Data Science.” The author argued that businesses struggle to see value from machine learning/data science solutions because most machine learning experts tend not to build and design models around business value. Rather, machine learning models are built […]

2405/2013

Does you company have a Big Data and Analytics strategy plan?

By |May 24th, 2013|Categories: Predictive Analytics|Tags: , |

McKinsey Quarterly published an article in March of 2013 called: “Big data: What’s your plan?”. In summary:

The payoff from deploying a big data and advanced analytics solution can deliver productivity and profit gains as high as 5 to 6 percent higher than competitors. In order to achieve this, companies need to develop a plan and strategy. A successful plan requires dialogue at the top of a company to establish investment priorities; to balance speed, cost, […]