Innovation has been the backbone of economic progress since the dawn of civilization. A number of revolutionary technological achievements have improved our quality of life and driven economic growth for thousands of years. These days, predictive analytics methods are playing an important role in innovation.
A lot of emphasis has been placed on the role of innovation in our lives. However, these discussions usually gloss over the vast majority of failed inventions.
Despite having two years to prepare, and the deadline to do so now past, many organizations are still struggling with how to comply with the data management mandate.
“Silos” are something of a buzzword, but the concept they describe warrants your attention. Silos emerge when a cluster of individuals in your company (usually within a specific department) have trouble communicating with, or collaborating with another cluster of individuals in your company (usually within another department).
In some ways, this is a natural result of building a company; if you want your sales team to focus on sales and your marketing team to focus on marketing, eventually, it will be difficult for your sales and marketing staff to collaborate on a mutual problem.
When most people think about big data and analytics in the business world, their minds immediately jump to ecommerce businesses, websites, and social media. But the truth is, big data is changing things offline as well. Just look at manufacturing.
4 Ways Big Data Analytics is Changing Manufacturing
The manufacturing space has always been highly competitive, but things have become even more heated in recent years.
Governments around the world are stepping up their use of big data for tax. They are depending on it more heavily than ever to ensure compliance and eliminate waste. The UK government has recently begun using big data for tax policies.
Can Big Data Really Help With Tax Compliance?
A couple of years ago, the United States Internal Revenue Service admitted that it is using big data to stop tax cheats.
A third party audit of a controversial patient data-sharing arrangement between a London NHS Trust and Google DeepMind appears to have skirted over the core issues that generated the controversy in the first place.
The audit (full report here) — conducted by law firm Linklaters — of the Royal Free NHS Foundation Trust’s acute kidney injury detection app system, Streams, which was co-developed with Google-DeepMind (using an existing NHS algorithm for early detection of the condition), does not examine the problematic 2015 information-sharing agreement inked between the pair which allowed data to start flowing.
That data-management-for-everything software segment's getting crowded As enterprises increasingly adopt hybrid multi-cloud IT strategies, they tend to find themselves mired in a multi-silo data management nightmare. Rubrik has stepped up to claim it can make the fractured mess whole again with its Alta software.…
Rubrik wants to make managing data on legacy infrastructures and on modern clouds the same with its Alta 4.2 release.
In its new report '100 Data and Analytics Predictions Through 2022,' research firm Gartner looks at how analytics and business intelligence will impact corporate strategies and vendor marketing.
Data shows that data-driven organizations perform better. But what does it take to get there?