The Analytics Path: Search Sits at the Kerb
May 30, 2011
According to the Technology Review article “The Future of Analytics” IBM is working on the next generation of Analytics technology and has set out of develop technology that can handle the massive amounts of data. The team led by Chid Apte:
“is developing algorithms and other techniques that can extract meaning from data, and it is trying to find ways to use these methods to solve business challenges.”
In his interview with Tom Simonite, Apte indicated that the company was trying to take company data as well as social information data and work with clients to see how both sources can be used to handle business problems. The team even helped to develop the popular QA technology that was used on the Watson on Jeopardy and they hope to bridge this QA problem solving technology into their system.
Apte concluded by emphasizing the ever present need for a better way to handle large scale data. If IBM can pull it off they will have hit the jackpot.
IBM has a Tundra truck stuffed with business intelligence, statistics, and analytics tools. IBM has no product. IBM, in my view, has an opportunity to charge big bucks to assemble these components into a system that makes customers wheeze, “No one ever got fired for buying IBM.”
Well, it used to be true. And it is probably true for MIT grads. Today? Maybe. Tomorrow? Maybe not.
April Holmes, May 30, 2011