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June 2012 Blog Posts (12)

Fraud detection in Medicaid / Medicare

Medicaid is a USA government run healthcare program for the poor, elderly and disabled, which is jointly funded by the states and the federal government

Medicaid has been the top priority on many state budgets. Considering the huge investments from both government as well as states, there are whole lot of…
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Added by Sandeep Raut on June 29, 2012 at 8:24am — No Comments

S3 instead of HDFS with Hadoop

In this article we will discuss about using S3 as replacement of HDFS (Hadoop Distributed File System) on AWS (Amazon Web Services), and also about what is the need of using S3. Before coming to original use-case and performance of S3 with Hadoop let’s understand …

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Added by Rahul Patodi on June 27, 2012 at 9:07pm — No Comments

The Fallacy of the Data Scientist Shortage

There is no question that the USA (in fact, most of the world) would be well-served with more quantitatively capable people to work in business and government. However, the current hysteria over the shortage of data scientists is overblown. To illustrate why, I am going to use an example from air travel.

On a recent trip from Santa Fe, NM to Phoenix, AZ, I tracked the various times:

 

Duration…

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Added by Neil Raden on June 27, 2012 at 10:00am — No Comments

Ford Opens Silicon Valley Lab to Mine Big Data | Wall Street Journal

Getty Images
Ford Motor Co. CEO Alan Mulally, left, and chairman William Ford.

Ford officially…

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Added by Vincent Granville on June 26, 2012 at 7:38pm — No Comments

Your credit card purchases mined by insurance companies | The Economist

To determine your premium. They check if you regularly purchase cheese burgers, cigarettes, alcohol etc.

A SWISS life-settlements firm called Rigi Capital Partners (RCP) recently considered buying the life-insurance policy of an elderly woman apparently suffering from dementia. RCP would take over payment of the policy premiums and receive the full death benefit when she passed away. Her medical records revealed that she had…

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Added by Vincent Granville on June 26, 2012 at 7:37pm — 1 Comment

Finding the value

In most cases with Big Data projects you have to ingest 6-10x more data than has any immediate value just to start and glean value. This creates a large volume of data with no apparent value, and sometimes it is a long time before there is any value if ever. This creates a large expense and a lot of issues for entry, which has derailed  a number of big data projects. So be prepared going in that unless you really know your data you will need to ingest and explore to find the value. When you…

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Added by Eddie Satterly on June 25, 2012 at 5:42pm — 1 Comment

5 Specific Questions to ask before embarking on a Big Data Project

When an organisation embarks on a Big Data project, it’s a journey laden with lots of landmines. Even if one is unable to manage one risk, it has the potential to derail a Big Data project even if one was able successfully evade other risks. As they say “A chain is as strong as its weakest link”. So what are the weak links in a Big data project? What are the 5 key questions to ask before embarking on a big data project so that one is able to mitigate the risks from these weak links and steer…

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Added by derick.jose on June 19, 2012 at 12:46am — No Comments

Less data, more insight, better decisions

Big Data can help in mapping and understanding customer behaviors, and in developing one-to-one marketing programs or innovative services. However, Big Data is too often presented as a technological capability subsequently requiring armies of data scientists to mine and analyse data.

Yes, managing and exploiting the growing amount of internal and external data is a necessary condition to steer business performance. But it is far from a sufficient condition.

In a recent meeting…

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Added by Patrick Glenisson on June 16, 2012 at 6:53am — 1 Comment

Advanced Analytics with Acceptable Runtimes

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Added by Vincent Granville on June 12, 2012 at 7:36pm — No Comments

The Power of Cross-Functional Predictive Analytics (DataScienceCentral Webinar - June 27)

Join us for a Webinar on June 27
Space is limited.

Reserve your Webinar seat now at:…

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Added by Vincent Granville on June 12, 2012 at 7:30pm — No Comments

Business case or Business phrase for BI ?

Past week I attended a Marketing colloquim where I was invited as a panel member to discuss the new realities of marketing performance and metrics. What struck me was the growing importance of Data across sectors and company size. But aside from the consensus that existed on the importance of Data in defining, adapting and evaluating go-to-market approaches,  there were a multitude of opinions on how to realise this – in particular on the amount  of technology investments…

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Added by Patrick Glenisson on June 4, 2012 at 9:10am — No Comments

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