IntelTrax Top Stories: August 3 to August 9
August 13, 2012
This week, the IntelTrax blog delivered some informative posts that discuss the issues surrounding big data analytics technology in today’s workforce.
While many articles discuss the prevalence of analytics technology in various industries, “Troubling News for the Analytics Needy” looks at those that are not using it.
A recent survey found:
“Fifty-six percent of respondents indicated they will not be deploying big data analytics applications even beyond 2013, the survey of 255 IT professionals found. Half of those surveyed were data storage professionals at the analyst level; the other half comprised IT managers, vice presidents and CIOs…Survey respondents with no plans to roll out Hadoop or other big data analytics software said doing so requires a specific business case, and in most instances they didn’t see a need for it, according to Marco Coulter, managing director of TheInfoPro’s Cloud Computing Practice.”
Another interesting piece is “Big Data Law Might Be Changing.” It discusses the fear that many have of data analytics technology falling into the wrong hands. One suggestion has been to grant the legal right to accessing personal information of third parties as a way to incentivize transparency.
Writer Patrick Roland concludes:
“This is promising news for a population concerned with the potentially invasive nature of data mining and analytics. After last year’s surprising Supreme Court ruling that basically let Vermont sales reps mine doctors’ patient lists, we are pleased to see reasonable thought return to the table. We can only hope they further find ways that help us utilize this strong technology, while still keeping wrongdoers away.”
One industry that is already seeing lucrative returns on its investment in data analytics technology is Wall Street Investors. “Big Data Promises Big Returns for Stock Investors”
references an article that discusses why savvy stock traders should pay attention to the latest analytics technology.
The article states:
“At the heart of the feed from ORATS is the use of “implied dividends” – the dividend levels implied by prices within the options markets. In the case of equities that have both dividends and exchange-traded options on their stock, the dividend price is a major component in the calculation that traders use to compute a fair price for those options. ORATS runs that calculation backwards to compute “implied dividends”, a measure that reveals the broad consensus of all players in the options market about how much a company will pay as a dividend along the entire option expiration calendar”.
All three of these stories provide different avenues to get to the same conclusion. Investing in data analytics technology is an integral way for companies to make the most out of the unstructured data that is being put out on a daily basis. It is important that you find a reputable company with affordable solutions like Digital Reasoning.
Jasmine Ashton, August 13, 2012
Sponsored by ArnoldIT.com, developer of Augmentext.
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