The constant evolution of technology has benefited every single industry on the face of Earth much more than you and I could imagine. This holds especially true for the financial sector, where it has given rise to FinTech, which has now been around for a while now. However, the advancement of technology has now given rise to yet another exciting development: The integration of IoT in FinTech. While IoT was already growing, it was only a matter of time until it made its way into this sector.… Continue
Added by Ryan Williamson on December 3, 2020 at 3:45am —
- Priya Sharma – Sr. Data Scientist -IoT Analytics, SAS Institute Inc.
- Saurabh Mishra – Product Management, IoT, SAS Institute Inc.
June 12, 2020
Description: Majority of AI approaches are based on the construct of training against historical data and then inferencing new data. While this is a sound and proven approach, a lot of IoT assets coming online don’t have historical data and we don’t necessarily have the time to wait.
Modern Machine… Continue
Added by Jane Howell on June 12, 2020 at 2:30pm —
Blockchain, which is a form of a decentralized digital ledger technology, has gained enormous attention in the recent years, precisely, since 2004. In fact, it has disrupted how major industries operate both locally and internationally.
Blockchain and security,… Continue
Added by Stevan McGrath on September 25, 2018 at 8:30pm —
I was recently asked to conduct a 2-hour workshop for the State of California Senior Legislators on the topic of “Big Data, Artificial Intelligence and Privacy.” Honored by the privilege of offering my perspective on these critical topics, I shared with my home-state legislators how significant opportunities await the state. I reviewed the once-in-a-generation opportunities awaiting the great State of California (“the State”), where decision makers could vastly…
Added by Bill Schmarzo on February 13, 2018 at 5:30am —
Organizations looking for justification to move beyond legacy reporting should review this little ditty from the healthcare industry:
The Institute of Medicine (IOM) estimates that the United States loses $750 billion annually to medical fraud, inefficiencies, and other siphons in the healthcare system…
Added by Bill Schmarzo on January 26, 2018 at 1:30pm —
“Big Data is dead.” “Big Data is passé.”
“We no longer need Big Data; we need Machine Learning now.”
As we end 2017 and look forward to big (data) things in 2018, the most important lessons of 2017 – in fact, maybe the most important lesson going forward – is that Big Data is NOT a thing. Big Data isn’t about the volume, variety or velocity of data any more than car…
Added by Bill Schmarzo on January 20, 2018 at 5:30am —
I was recently a guest lecturer at the University of California Berkeley Extension in San Francisco. On a lovely Saturday afternoon, the classroom was crowded with students of all ages learning the tools of the modern economy. The craftspeople of the “Analytics Revolution” were busy learning new skills and tools that will prepare them for this Brave New World of analytics. I was blown away by their dedication!
As we teach the next generation, it’s important…
Added by Bill Schmarzo on January 19, 2018 at 5:00am —
Most organizations’ IOT Strategy look like a game of ‘Twister’ with progress across important IOT capabilities such as architecture, technology, data, analytics and governance; variables comprising a series of random investments and decisions.…
Added by Bill Schmarzo on January 13, 2018 at 5:00am —
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 —
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 —
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 —
Leveraging the use of big data, as an insight-generating engine, has driven the demand for data scientists at enterprise-level, across all industry verticals. Whether it is to refine the process of product development, help improve customer retention, or mine through the data to find new business opportunities—organizations are increasingly relying on the expertize of data… Continue
Added by Ronald van Loon on September 8, 2017 at 9:30am —
We are all familiar with machine learning in our everyday lives. Both Amazon and Netflix use machine learning to learn our preferences and provide a better shopping and movie experience.
Artificial intelligence (AI) has stormed the world today. It is an umbrella term that includes multiple technologies, such as machine learning, deep learning, and…
Added by Sandeep Raut on August 27, 2017 at 3:00am —
Data Visualization is not new, it has been around in various forms for more than thousands of years.
Ancient Egyptians used symbolic paintings, drawn on walls & pottery, to tell timeless stories of their culture for generations to come. Human brain understands the information via pictures more easily than writing sentences, essays,… Continue
Added by Sandeep Raut on August 12, 2017 at 10:00pm —
As mentioned by Tom Davenport few years back,Data Scientist is still a hottest job of century. Data scientists are those elite people who solve business problems by analyzing tons of data and communicate the results in a very compelling way to senior leadership and persuade them to take action.
They have the critical responsibility to understand the data and help business get more knowledgeable about their customers.
The importance of Data Scientists has rose to top due to two… Continue
Added by Sandeep Raut on August 6, 2017 at 5:00am —
Customer analytics has been one of hottest buzzwords for years. Few years back it was only marketing department’s monopoly carried out with limited volumes of customer data, which was stored in relational databases like Oracle or appliances like Teradata and Netezza. SAS & SPSS were the leaders in providing customer analytics but it was restricted to conducting segmentation of customers who are likely to buy your products or services. In the 90’s came web…
Added by Sandeep Raut on July 29, 2017 at 7:30pm —
Just before 2007, we didn't have access to smartphones like iPhone or social media apps like Instagram, Whatsapp and even email was much more limited only to desktops. Zoom in to Today - Digital Transformation has revolutionized everything we do. It has been one of the hottest topics for every business. It’s a subject which keeps the CEOs awake. Today…
Added by Sandeep Raut on July 23, 2017 at 6:00am —