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By Alan Simon | Monday, June 15, 2015

8 Ways to Know If Your Big Data Investments Are Paying Off

big data investments

Nearly every large business and governmental agency is now investing in big data technology. Some of these organizations are early adapters and have been doing so for five years or longer, while others are relative newcomers.

Today, even many mid-sized businesses are dabbling in Hadoop and related cloud-based environments, all in the pursuit of unprecedented data-driven insights and decision-making.

My lynda.com course Foundations of Business Analytics: Prescriptive Analytics shows how any organization can its big-data investments into actionable insights.

But how can you tell if your big data investments are paying off? Ask yourself these eight questions. Your answers will give you a pretty good idea.

By Mark Niemann-Ross | Thursday, September 11, 2014

Data Science Controls Your Life — Learn to Control Data Science!

2014_09_11_BigData

Reach across your desk and pick up a DVD. You’re now holding about 4.7 gigabytes of data.

Now pick up 200 million more DVDs. You’ll need more than two hands to do this—in fact, you’re going to need a bigger room, because you’re now holding the amount of data captured yesterday from financial transactions, emails, recordings, videos, web pages, books and every other information activity. Just yesterday.

Every day, the world collects and stores on hard drives 2.5 quintillion bytes of information—way more data than any human can be expected to make use of, or understand. If only there were a way to filter through this enormous haystack of data and find the exact spec of information needed for a specific reason at the right time….

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