Topic "Big Data"
I previously wrote about how regulatory compliance could be used as an opportunity to build the foundations for a flexible data environment. This opened up a few conversations with some colleagues, which makes me think that I actually missed a key point in my previous blog: Why is it that compliance is so hard? After... more
In the recent past, we were constrained by many limitations around data. Now, we are only limited by our imagination. By using more data and more types of data, we can fundamentally transform our organizations, and our world. These transformations bring great opportunity, but also come with challenges. To that end, here is my take... more
I recently heard a couple different analogies for data. The first is that data is the “new oil.” Data is a valuable resource that powers global business. Consequently, it is targeted for theft by hackers. The thinking is this: People are not after your servers, they’re after your data. The other comparison is that data... more
As I browsed my BBC app a few weeks ago, I ran into this article about environmental contamination of oil wells in the UK, which were left to their own devices. The article explains that a lack of data and proper data management is causing major issues for gas and oil companies. In fact, researchers... more
For the past few years, the press has been buzzing about the potential value of Big Data. However, there is little coverage focusing on the data itself – how do you get it, is it accurate, and who can be trusted with it? We are the source of data that is often spoken about –... more
Years ago, I was on a project to improve production and product quality through data analysis. During the project, I heard one man say: “If I had my way, I’d fire the statisticians – all of them – they don’t add value”. Surely not? Why would you fire the very people who were employed to make... more
Maybe the word “death” is a bit strong, so let’s say “demise” instead. Recently I read an article in the Harvard Business Review around how Big Data and Data Scientists will rule the world of the 21st century corporation and how they have to operate for maximum value. The thing I found rather disturbing was... more