My good friend Vinnie participates in an automobile insurance program that rewards him for good driving behaviors; the better driving behaviors he exhibits, the more money he saves on insurance. You stick a device into the vehicle’s diagnostic port (usually under the steering wheel in most vehicles manufactured after 1996), and the automobile insurance company tracks your driving behaviors and offers you automobile insurance discounts based upon the quality of your…
Added by Bill Schmarzo on December 20, 2017 at 3:30am —
Data Monetization! Data Monetization! Data Monetization!
It’s the new mantra of many organizations. But what does “data monetization” really mean, how do you do it, and more importantly, who in the organization owns the job of “data monetization”?
The role of Chief Data Officer (CDO) would seem to be a godsend to answer the data monetization challenge. They should be the catalyst in helping organizations to…
Added by Bill Schmarzo on December 12, 2017 at 12:30pm —
Special thanks to Brandon Kaier (@bkaier) for his research and thoughts on the Digital Twins concept.
Unilever, one of the Consumer Package Goods (CPG) industry’s titans with over 400 brands and annual sales greater than $60B, recently bought Dollar Shave Club for $1B. Now normally I would not think twice about such an acquisition, peanuts in the world of mergers and…
Added by Bill Schmarzo on December 7, 2017 at 12:00pm —
I recently had another client conversation about optimizing their data warehouse and Business Intelligence (BI) environment. The client had lots of pride in their existing data warehouse and business intelligence accomplishments, and rightfully so. The heart of the conversation was about taking costs out of their reporting environments by consolidating runaway data marts and “spreadmarts,” and improving business analyst BI…
Added by Bill Schmarzo on November 18, 2017 at 7:00am —
The research firm Technology Business Research (TBR) recently came out with a report titled, “Winning The Business Of Digital Transformation Services Requires A Process-Led Approach” authored by Sebastian Lagana and Jennifer Hamel. The report is full of good nuggets, but I especially liked the way that they categorized the 3 phases of Digital Transformation:
- Substitution represents basic IT modernization; such as leveraging new…
Added by Bill Schmarzo on November 12, 2017 at 5:00am —
I love it when I get feedback from a blog that I’ve written. I appreciate the different perspectives and insights that others bring to a topic of interest.
The section of the blog that fueled the most comments stem from a scene in the movie I, Robot where Detective Spooner (played by Will Smith) is explaining to Doctor Calvin (who is responsible for giving robots human-like behaviors) why he distrusts and hates robots. He is describing an incident…
Added by Bill Schmarzo on November 5, 2017 at 1:30pm —
A strong declaration from a historically antagonist foe should put chills in the hearts of Americans preparing themselves for the world ahead: Russian President Vladimir Putin says the nation that leads in AI will be the ruler of the world … The ruler of the world!
From the article (with some modification to avoid political landmines), we get the following:
“The development of artificial intelligence has increasingly become a national security…
Added by Bill Schmarzo on November 4, 2017 at 6:00am —
Since releasing the University of San Francisco research paper on “How to Determine the Economic Value of Your Data” (EvD), I have had numerous conversations with senior executives about the business and technology ramifications of EvD. Now with the release of Doug Laney’s “Infonomics” book that builds upon Doug’s EvD work at Gartner, I expect these conversations to intensify. In fact, I just traveled to Switzerland to discuss the potential business and technology…
Added by Bill Schmarzo on November 1, 2017 at 11:00am —
This blog was written with the thoughtful assistance of David Leibowitz, Dell EMC Director of Business Intelligence, Analytics & Big Data
So data warehousing may not be cool anymore, you say? It’s yesterday’s technology (or 1990’s technology if you’re as old as me) that served yesterday’s business needs. And while it’s true that recent big data and data science technologies, architectures and methodologies seems…
Added by Bill Schmarzo on October 29, 2017 at 4:30am —
This blog is written in collaboration with the witting and insightful Matt Maccaux and his leading edge work around our elastic data platform and data lake.
“Our organization is abuzz with the concept of data lakes!” a customer recently told me. And rightfully so, as the data lake holds the potential to help organizations become more effective at leveraging data and analytics to power their business models. That’s exactly what we propose when we…
Added by Bill Schmarzo on October 14, 2017 at 2:30pm —
Over the last few years, organizations have made a strategic decision to turn big data into competitive advantage. Owing to rapid changes in the trends of BI and DW space, Big Data has been driving the organizations to explore the implementation aspects on how to integrate big data into the existing EDW infrastructure. The process of extracting data from multiple sources such as social media, weblogs, sensor data etc. and transforming that data suit the organization’s analytical needs is… Continue
Added by Sirish M Simha on August 24, 2017 at 10:30pm —
It’s hard to get into the world of the Internet of Things (IOT) without eventually talking about Digital Twins. I was first exposed to the concept of Digital Twins when working with GE. Great concept. But are Digital Twins only relevant to physical machines such as wind turbines, jet engines, and locomotives? What can we learn about the concept of digital twins that we can apply more broadly – to other physical entities (like contracts and agreements) and even humans?… Continue
Added by Bill Schmarzo on July 10, 2017 at 6:30pm —
A Data Lake has flexible definition, to make this statement true the dataottam team took initiative and released a eBook called “The Collective Definition of Data Lake by Big Data Community”, which contains many definitions from various business savvy and technologist.
And in nutshell Data Lake is a data store and processing data system, where an… Continue
Added by Kumar Chinnakali on January 28, 2016 at 6:30pm —
The term Data Lake has been gaining popularity recently as most of the enterprises have incorporated it into their analytics software’s. Every word and phrase that is used to describe Data Lake have provided us much useful information about how we interpret it.
So we at dataottam decided to understand the various ways Data Lake could be defined. So we conducted a survey and found very interesting thoughts, words and phrases used for defining Data Lake, from developers to founders, to… Continue
Added by Kumar Chinnakali on December 30, 2015 at 4:00am —
By Andy Palmer, Co-founder and CEO of Tamr
We all know by now that most “big data” challenges can be characterized into one of the “3 V’s”:
Volume: You have too much data
Velocity: It is coming at you too fast
Variety: It is coming at you from too many places/silos
Over the past 5 years, my partner Mike Stonebraker and I have been on a mission to raise awareness of the… Continue
Added by Jason Bailey on December 21, 2015 at 8:45am —
I am Back ! Yes, I am back (on the track) on my learning track. Sometime, it is really necessary to take a break and introspect why do we learn, before learning. Ah ! it was 9 months safe refuge to learn how Big Data & Analytics can contribute to Data Product.
Data strategy has always been expected to be revenue generation. As Big data and Hadoop entering into the enterprise data strategy it is also expected from big data infrastructure to be revenue addition.… Continue
Added by Manish Bhoge on December 12, 2015 at 9:53am —
Yes, we are marching towards New Year 2016! What happened to Resolution of 2014, 2015? Quit Habits? Practice Habits? Road ahead? Am into all, but i could not able to keep it up. Hence this New Year 2016 is no more resolutions, just implement the plan.
Extend to that, as we know big data is bringing more business value to enterprise by leveraging the data lake. Data Lake..... What is that? Data Lake is loosely defined word and the definition gets changed during implementation… Continue
Added by Kumar Chinnakali on December 2, 2015 at 5:00am —