Analytics

Analytics (25)

Big Data Analytics Among Top Three Deployment Priorities for Enterprises, Says Frost & Sullivan

Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era. Under an aspirational forecast scenario, which assumes that the COVID-19 virus is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

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Human Intelligence Augments Big Data for Food Supply

In the modern world characterized by connectivity and different devices, making intelligent use of big data is turning out to be a breakthrough for many industries. With the increasing damage meted on humanity and economy by COVID-19, the need to have access to big data and technology in general due to social distancing and lockdown has changed many things in different industries. With the changes, some of which may appear temporary but will be permanent going into the future, a company that manages to utilize data will rule.

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The United States Air Force Academy Creates New Data Science Major

The United States Air Force Academy in Colorado Springs, Colorado recently announced their new Data Science major for incoming cadets as of June 4th. In a press release from the academy, Air Force Chief of Staff Gen. David Goldfein stated, “It’s not enough to have more data than our adversaries. It’s how we understand the information and use it at the speed of relevance that matters.”

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Protecting the Environment is Increasingly Possible with Big Data

Data is the most valuable resource in any industry in today’s world. This is the reason why big data and data analytics are some of the most active topics you are likely to come across when you open the social media platform of your choice or search engines, all are awash with advertisements on these areas. With this importance, new tools and data collection methods are coming up almost weekly to enable people in different industries to collect data and use them to make informed decisions. Big data analytics allow us to find relationships through patterns in different aspects that have been impossible using traditional approaches.

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City Planning by Guesswork is Being Replaced by Data Analysis

As new technologies keep emerging, city planning will no longer be based on guesswork as it once was. With the help of big data and analytics, things are much easier when it comes to getting the right data for planning than before. City dwellers and by extension, all citizens are walking around with data transmitters and are using different applications that gather data on their physical movements, consumer behavior, and habits. With all these assets at their disposal, city planners can predict the potential interest and movement of people and propose how and where specific areas, for example, a grocery store, can be built with accuracy.

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Big Data Rules All as Organizations Grapple with Analytics & Compliance

Moore’s Law has been a constant fixture of data growth and the tech advancements required to sustain it, correctly asserting that the number of transistors on a microchip will double every year. Since 1965, this claim has gone unchallenged, with the microchip unbelievably decreasing in size while increasing in computing power. However, many cybersecurity experts and big tech are convinced that Moore’s Law may no longer be as indestructible as it once was, referencing the explosive growth of Big Data as a primary reason. Over the last two years, 90% of the world’s data has been produced, yet companies only analyze 12% of it. This missed opportunity to fully leverage the power of data analytics represents the enormous disconnect between the vast ocean of data and the organizational struggles to successfully harness it.

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Black Friday was Exceptional

Consumers flocked to stores on Black Friday, retreated to their computers on Cyber Monday and knocked it out of the park on Small Business Saturday - combining their efforts to increase holiday sales by 4.2% over last year’s totals. But it was Small Business Saturday (the Saturday after Thanksgiving) that stole the show this weekend – and when the dust settled and the virtual shelves restocked – they had millennials to thank.

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'Winging it' Vs 'Statistical Reasoning' Part II: Why Statistics Can Fail

With a few more weeks to go in the NFL season I checked back in with Stephanie Martin and Matty Van Riper to see if the statistics they had used to pick their fantasy football teams at the beginning of the season were proving to be successful. Was their strategy of winging it or using statistics to pick their teams working or hindering their team’s performance?

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Three Ways to Inspire Others by Finding Your Data’s Story

Data helps organizations gain valuable insights into customers, employees, products and markets, but there is a limit to what databases and charts can do on their own. Answers to organizational problems or opportunities don’t just organically spring from algorithms—they need communicators to translate the information into compelling stories. It is data stories that ultimately bring about action and change. Applying simple story techniques to data, transforms the data from making sense to also making meaning. Adding meaning helps audiences understand the data and drives real change for business. Easy, right?

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Here's How Data Analysts are Transforming Basketball

The Toronto Raptors announced that they have promoted data analyst Brittni Donaldson to assistant coach following the Raptors’ first ever NBA championship in 2019. This makes Donaldson one of ten women to join the NBA coaching staff and a growing number of data analysts to take a forefront position in the sport. In a phone interview with the Sioux City Journal, Donaldson states, ““My role is to help the coaching staff make better decisions with the data we have available. It’s been really fun. I help out with scouting reports, player evaluations and roster construction. I’ve also had opportunities to be on court a little bit to help out with player development.” Blake Murphy commends this decision. Upon hearing the news the Raptors reporter tweeted, “Brittni is incredibly smart and was already working directly with players a lot. Important to have extension of analytics department in versatile connector role.”

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