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Featured Blog Posts – August 2013 Archive (26)

How to eliminate a trillion dollars in healthcare costs

Over a five year time period, based on better analytics, and where everybody win (except drug companies, doctors and hospitals).

Most analytic models to reduce health care costs are focusing on having insurance companies,…

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Added by Vincent Granville on August 29, 2013 at 9:00pm — 18 Comments

What is a data warehouse? How do we get Business Intelligence?

Understanding how data converts from data to information to intelligence can be seen in the flow across the databases in an enterprise. What is a data warehouse? How do we get Business Intelligence? In this video I explain the high level view of how large corporations like Dell evolve their data to the front-end BI applications.

#iwork4Dell

 

Added by Mitchell A. Sanders on August 27, 2013 at 4:30pm — No Comments

Top Languages for analytics, data mining, data science

Very interesting study published by KDNuggets. Here are the highlights:

The most popular languages continue to be R (used by 61% of KDnuggets readers), Python (39%), and SQL (37%). SAS is stable at around 20%. The highest growth was for Pig/Hive/Hadoop-based languages, R, and SQL, while Perl, C/C++, and Unix tools…

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Added by Vincent Granville on August 27, 2013 at 4:30pm — 4 Comments

Data Scientist Core Skills

Data Science - The Process of Capturing, Analyzing and Presenting Business Intelligence with Skill DataReality

Capture

Programming and Database skills …

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Added by Mitchell A. Sanders on August 27, 2013 at 4:00pm — 25 Comments

Prescriptive Analytics

Business analytics comes in three (3) general flavors: descriptive, predictive and prescriptive. See: …

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Added by Michael Walker on August 27, 2013 at 2:00pm — No Comments

An indispensable Python : Data sourcing to Data science.

Data analysis echo system has grown all the way from SQL's to NoSQL and from Excel analysis to Visualization. Today, we are in scarceness of the resources to process ALL (You better understand what i mean by ALL) kind of data that is coming to enterprise. Data goes through profiling, formatting, munging or cleansing, pruning, transformation steps to analytics and predictive modeling. Interestingly, there is no one tool proved to be an effective solution to run…

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Added by Manish Bhoge on August 27, 2013 at 8:00am — 4 Comments

BI vs. Big Data vs. Data Analytics By Example

I know that not everyone will agree with my definition of Business Intelligence, but my objective is to simplify things; there is enough confusion out there. Besides, who is the authority on a terminology that its traditional frame of reference is outdated and doesn't cover the entire spectrum of the value that …

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Added by Fari Payandeh on August 25, 2013 at 12:36am — 4 Comments

How can IT innovate?... Innovation Management with the Power of Data Science

In 2009 when I completed my first book "Unlocking Your Empire - keys to enable your social media powered business", social media was just starting to take off, and I made some predictions about the impact it would have on business, and the role both big data, and social media would have on the future of…

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Added by Tullio Siragusa on August 22, 2013 at 8:00am — No Comments

Tool for Computing Continuous Distributed Representations of Words

Natural language processing (NLP) involves machine learning, artificial intelligence, algorithms and linguistics related to interactions between computers and human languages. One important goal…

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Added by Michael Walker on August 20, 2013 at 7:27pm — No Comments

Deriving Maximum Value from your Enterprise Data Warehouse - Webinar

Business-Driven Evaluation of HP Vertica, Featuring CMA Consulting Services 

Thursday, September 5, 2013 at 11:00 a.m. ET

If you’re like most organizations, you have made a major investment in…

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Added by Vincent Granville on August 19, 2013 at 3:00pm — No Comments

Recent Acquisitions In Big Data

Big Data Companies

Click on the image for full view

I am no expert in market analysis of any kind, but my personal Big Data Analytics embedded in my small brains which I inherited from my cave-dwelling ancestors tells me that the industry is anticipating huge profits from…

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Added by Fari Payandeh on August 18, 2013 at 9:00am — 2 Comments

BI For Big Data - Webinar hosted by DSC

Join us for a Webinar on September 10. Space is limited. Reserve your Webinar seat now.

Providing business intelligence (BI) for Big Data presents unique challenges. In addition to tackling performance challenges of Big Data, BI tools must be able to access new types of data, present it in meaningful ways and provide intuitive navigation for end…

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Added by Vincent Granville on August 18, 2013 at 8:00am — No Comments

A Data Scientist’s Guide to Making Money from Start-Ups

There are several ways to make money via start-ups:

  1. Invest in them (for experts only)
  2. Create a big thing like Facebook : more than 99.9% who try fail, and finding VC money takes lots of time. Although you might enjoy a few years…
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Added by Vincent Granville on August 15, 2013 at 5:30pm — 4 Comments

Will Data Science Forever Change Branding Strategies? Here is a Glimpse of The Future Company

Know the numbers, know your business! 

Numbers are the fundamental language of business. The bottom-line on the income statement is a number. The business plan is expressed specifically as numbers on the operating budget, numbers that may derive largely from statistical projections of revenues and costs.…

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Added by Tullio Siragusa on August 15, 2013 at 6:18am — No Comments

Probably Predictive

There’s been a great deal of discussion over the past several weeks regarding data mining and predictive models.  Terms like “meta data” and “algorithm” are fast moving from the domain of IT practitioners and into the realm of water cooler discussion.  This might be a good opportunity to briefly review some of these concepts in order to better understand data mining practices and standards.

First, some terms.  

Meta Data - refers…

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Added by James Sullivan on August 15, 2013 at 6:00am — No Comments

Weekly Digest - August 19

Featured Articles

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Added by Vincent Granville on August 14, 2013 at 2:30pm — No Comments

Batch vs. Real Time Data Processing

Batch data processing is an efficient way of processing high volumes of data is where a group of transactions is collected over a period of time. Data is collected, entered, processed and then the batch results are…

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Added by Michael Walker on August 13, 2013 at 2:30pm — 2 Comments

Big Data’s Missing Component: Data Suction Appliance

Data-Suction-Appliance

Fari Payandeh

Fari Payandeh

Aug 12, 2013

May I say at the outset that I know the phrase “Data Suction Appliance” sounds awkward at its best and downright awful at its worst. Honestly, I don’t feel that bad! These are some of the…

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Added by Fari Payandeh on August 11, 2013 at 5:30pm — 1 Comment

A new type of weapons-grade secure email

With email encryption being targeted by the government as if it was criminal activity (read the story about the Lavabit platform shut down by the government because it was used by Edward Snowden in the recent NSA leak), this could be a great opportunity for mathematicians and data scientists:…

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Added by Vincent Granville on August 10, 2013 at 11:00am — 6 Comments

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