Big Data Meets Marijuana
Now that the “sacred leaf” is legal in a few states, marijuana is a very popular subject. The marijuana industry has boomed since its legalization in Colorado and Washington State in 2012. Dispensaries and grow houses have become a tourist spectacle, there are even weed tours one can take to visit differing stores and try out the products…
Small Oil Prices Lead To Big Data Solutions
As the average American I hear gas and oil and automatically picture money flying out of my wallet. Assuming that this is the mindset of most of our population, it is hard to feel bad for the oil and gas companies when we hear they are losing money. The problem is that most people don’t look at both sides of the situation- the lower our gas prices become, the more employees that being laid off in the oil and gas industry…
IBM Big Data in a Minute: Securing and Protecting Data
Data breaches are even scarier today as the risk level increases with more data and devices. We all are acquainted with a Twitter, Facebook or email hack, but how much more critical would these hacks be if the data breach revolved around our personally identifiable data or financial data…
Big Data is Fundamental in the Hospitality and Travel Industry
In a series of interviews within the travel industry, the authors of the study from the Society of Consumer Affairs are intent to show how Big Data can be used to increase impact and reduce friction across disciplines, both within a company and the industry. Personalization is a key tenant of Big Data; there is a plethora of information about particular consumers, transactions or destinations, the reality is one of detailed, accurate personalization…
We all know Big Data is on the rise and has been making a big impact in just about every industry out there, but how much is the Big Data Industry worth? With Big Data infiltrating many different sectors, it can be expected that Big Data is worth a pretty penny. What about the up and coming technologies connected with Big Data? How much are Cognitive Computing or the IoT worth?
We live in a world that is ever changing, on the path to a more tech savvy population, we create a lot of data and rely heavily on many different devices daily. Because of this there are predictions that by 2020 Big Data will be worth $7 Billion. That is a lot of money, but it makes sense because Big Data is a very big industry.
What about other industries that are just emerging? Can we expect to see big things out of them? The answer is YES! Cognitive computing is quickly becoming a very popular and promising field. Cognitive computing will change the world in a very unique way, teaching computers cognitive thinking skills, forming more efficient versions of ourselves. This field is predicted to be worth $13 Billion by 2020.
The big kicker is the internet of things. IoT is a field that incorporates many different technological sectors to form an interconnected system of devices. The Internet of Things will change our daily living anywhere from the thermostat in our homes to our cars driving us to work. The IoT is though to be worth a whopping $7 Trillion by 2020!
To learn more about how this fields are connected, check out this article describing the interactions between different silos in the tech world.
With every new year comes new ideas, goals and budgets, which is why now is the perfect time to plan out your company’s finances. Big Data is a great addition to any financial services you may be using in your business!
Big Data opens financial planning up to managing pricing, customer insight, investment advice and risk management. Financial services usually help companies manage their money and predict the best ways to use it in the future, but when coupled with Big Data, financial planning can be taken to a new level. Big Data provides the insights to see the use and effect of your money in ways financial services cannot provide alone.
This is one industry that Big Data has barely touched, but is ready to dive into! Many reports foresee Big Data becoming an increasingly utilized tool in the financial sector. Big Data is brand new in this field, but has the potential to provide insights that wouldn’t otherwise be seen. The sooner we can notice trends about finances the more money that can be saved.
To learn more about how Big Data is infiltrating financial services check out this awesome article- Big Data Puts Bacon On The Table
This post is in honor of Bacon Day!
While data is related to food, like bacon, this is not particularly what interests us. Big Data puts bacon on the table because of its ties to money; saving money and wealth creation.
Yes, Data Scientists earn a pretty penny, but it goes far beyond this. Big Data processing and Big Data analytics are helping us to globalize our businesses and our economy. Those that utilize data analytics in their companies have a competitive advantage.
It helps companies discover inefficiencies they never even knew existed. More importantly, it provides the insight necessary to find solutions to those problems. It saves companies money. It also makes companies more money, by expanding their customer base.
It is building a better tomorrow, by better educating our children. Using data analytics, teachers can better identify what challenges students are facing, and ways to overcome those challenges. Higher education programs are also building programs to teach data sciences and data analysis to students to expand our Big Data Processing capabilities.
Big Data is creating wealth around the world; and bringing more bacon to our tables.
As the new year approaches we all begin to dream about what the future holds for us. Everyone begins to make New Years Resolutions and promise they will change for the better.
Will this be the year my business really takes off?
How can I change my business to be more lucrative this next year?
One of the best ways to make changes in your company and ensure you stick to them is to implement a more efficient plan. Big Data Analytics is an excellent way to be more efficient- and the more efficient you are the more money you save.
Businesses must know how to use and manage their data in order to benefit from it. Here are three tips on how to utilize Big Data in your business to ensure the biggest ROI.
Hire the Right People
In order to understand Big Data it must be analyzed. This takes a certain type of person with strong mathematical and analytical skills. Data Scientists must be able to understand the different coding languages and crunch numbers quickly. This is a job that is not for everyone, but is a profession that is growing in popularity due to a high demand for analysts.
Use What You Have
If you already have an IT team be sure to utilize them, chance are they already have the basic knowledge needed for Big Data Analysis. By training the resources you already have you save your business time and money that would otherwise be spent on the hiring process. Having a strong team of data scientists is what sets successful companies apart from many others.
Don’t Be Afraid to Ask for Help
A lot of companies that use Big Data are not Big Data experts by any means. Depending on the company sometimes it is cheaper and more efficient to outsource your Big Data needs. There are an array of companies that specialize in Big Data contract work for other companies and can be a great asset when it comes to understanding your data.
The best way to make sure you get the most out of your Data is to look at your company and decide how and where Big Data can be most useful to you. Every company is different and therefore will use Big Data in different ways, but if you follow at least one of these tips you are heading in the right direction for improving your company this next year!
We have all been there- that frustrating process of trying to find a new doctor that fits your needs. Many times people get placed on an up to four months waiting list to get an introductory visit with a new doctor. This is absurd having to wait months just to meet a doctor and not know if you are even going to like them.
There us a new app out there that is helping people with this issue. The free healthcare app called Amino allows people to research doctors in a way we have never seen before. This healthcare app takes big data from insurance claims and blocks out the personal information, leaving just information about doctors and their practices. Amino tracks doctors like they are athletes and keeps very accurate stats on each one of them. Amino allows you to see how many patients doctors see a day, the amount of tests they run and what they specialize in based on the number of times they have practice that particular skill and its success rate.
This new healthcare app can even show you doctors that have the most experience working with people who show the same symptoms or have the same healthcare issues as you do. Amino is making it extremely convenient for the general population to be matched with a doctor that will best be able to provide them with the health care they need.
Check out some other ways Big Data is revolutionizing Health Care in this great article!