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News (484)

Big Data Making Big Discoveries

Big data techniques are helping scientists discover new uses for materials, reports SciTechDaily. 

When scientists and engineers discover new ways to optimize existing materials, it paves the way for innovations that make everything from our phones and computers to our medical equipment smaller, faster, and more efficient.

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Big Data for Good

According to the World Economic Forum, with the recent scandals involving companies using big data for nefarious purposes it is important to remember that big data can be used for good. 

Technology and data have transformed the way we live, work and play. So far, the outcomes have been mixed. While we are undoubtedly more connected and better informed, we’re simultaneously more anxious about the pace of change and our personal privacy.

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What to Do with Data in Storage

According to Tech Republic, firms that have a large amount of data in storage are missing out on an opportunity to harness that data. 

Forrester reports that up to 73% of big data goes unused in organizations, yet very little big data is discarded. The main reasons for retaining old, but seldom or never accessed, data are:

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Big Data & AI Important to Future Medical Advances

Researchers predict that big data paired with AI will help predict what medical advances make it to the clinical level, reports Phys.org.

An artificial intelligence/machine learning model to predict which scientific advances are likely to eventually translate to the clinic has been developed by Ian Hutchins and colleagues in the Office of Portfolio Analysis (OPA), a team led by George Santangelo at the National Institutes of Health (NIH). 

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Big Data Can Bring Better Outcomes in Healthcare

Big data, in conjunction with AI, can improve the healthcare outcomes for many patients, reports Yahoo Finance. 

A good number of health care stats fall into the shocking category. For example, each year 270,000-plus women in the U.S. are diagnosed with breast cancer — more than 45,000 die from the debilitating illness annually. Some 85% of breast cancers occur with no family history of it, making preventing its occurrence through diet and positive lifestyle habits impossible.

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Top Trends in Big Data

According to Built in Chicago, these three companies have their finger on the pulse of big data. 

While big data has long been harnessed by leaders across virtually every industry to make key business decisions, today, the field is a proven and established subset of tech.

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Better Data vs. Bigger Data

Companies invest heavily in big data each year, but what if the key was to invest in better data not bigger data, reports Mar Tech

Every year companies invest billions of dollars collecting customer data to apply to marketing analytics. According to a recent CMO survey, reliance on marketing analytics to make decisions has increased from 30% to 42% in the past five years, with B2C companies using analytics the majority of the time

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Big Data in the Classroom

Education companies are using big data to create tools that help teachers teach better, reports Entrepreneur. 

The education sector has always been critical for both society and individuals. On the one hand, a prosperous economy needs a competent workforce with the skills to start and build businesses. On the other, individuals with career ambitions will always be looking to stay at the cutting edge of education and skill-acquisition.

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Using Big Data in Urban Planning

Waycare is using big data to help cities make better planning decisions, reports Venture Beat. 

Big data and machine learning have emerged as fundamental tools for companies and cities looking to unlock insights into people and places, enabled by the myriad connected devices that now permeate society.

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Big Data at the United Nations

According to CGTN, the United Nations is looking to use big data to help it react in a more timely fashion to crises. 

At more than seven decades old, the United Nations has often been criticized for being too slow to respond to crises. But behind the scenes, a high-tech team is harnessing the power of big data and artificial intelligence to predict, monitor and respond to emergencies

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