The Heat in Text Radar: February 8 to February 14
February 19, 2013
This week the Text Radar information service presented readers with a series of articles that did an excellent job explaining the state of big data, content intelligence, and compliance on national and international workplaces.
“Using Analytics to Get the Most Return from Big Data” discusses the importance of analytics tools.
A survey of businesses showed:
Businesses are on a somewhat different tour. Of course, they are walking with the elephants, but many so-called Big Data projects have more to do with more traditional data types, i.e. relationally structured, but bigger or requiring faster access. And in these instances, the need is for Big Analytics, rather than Big Data. The value comes from what you do with it, not how big it happens to be.
Another article explains the impact big data is having on the banking industry. The article, “Banks Using Big Data to Offer Better Services to Customers,” explains how JP Morgan Chase & Company recently started tapping into big data.
The article states:
Several months ago, it began to combine that database, which includes 1.5 billion pieces of information, with publicly available economic statistics from the U.S. government. Then it used new analytic capabilities to develop proprietary insights into consumer trends, and offer those reports to the bank’s clients. The technology allows the bank to break down the consumer market into smaller and more narrowly identified groups of people, perhaps even single individuals.
The final article that I would like to showcase, aired on February 11, is called “Turning Data in Actionable Insight and Real World Applications.” The article explores the differences between big data and just plain data.
The post summarizes:
Big data is a technological revolution centered around collecting, storing and processing more data of more types than ever before. It’s also about doing all this stuff faster than ever before as data streams in from sensors, servers, Twitter, web surfing and however else we’re generating data. Data scientists are thinking up clever ways to stitch this data together, apply statistical techniques and do all sorts of things.
One of the greatest benefits of big data is that when it is paired with the correct solution it is able to deliver actionable intelligence. Smartlogic’s Semaphore Content Intelligence Platform uses semantic technology to give you a complete information management experience with powerful search and navigation.
Jasmine Ashton, February 19, 2013