Category Archives: Big Data
The Economist’s Data Editor on Data Fetishism
“We fetishize data, we think that data is the answer. It’s far from the truth. In fact, it’s ridiculous, because the data is only a simulacrum of reality in the same way that a map is not a territory. And … Continue reading
Big Data Quotes: Disruptive Innovation?
“By definition, big data cannot yield complicated descriptions of causality. Especially in healthcare. Almost all of our diseases occur in the intersections of systems in the body. For example, there is a drug that is marketed by Elan BioNeurology called … Continue reading
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Big Data Self-Delusion
The most compelling story told in the new documentary “The Human Face of Big Data” (PBS, February 24), is about the collection and analysis of data to predict the onset of potentially deadly infection in premature babies. By the time … Continue reading
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The End of Big Data and the Beginning of Big Data AI
In December 2014, I asked whether we were at the beginning of “the end of the Hadoop bubble.” I kept updating my Hadoop bubble watch (here and here) through the much-hyped IPOs of Hortonworks and Cloudera. The question was whether an open-source … Continue reading
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The Hadoop Bubble Quivers As Hortonworks Misses
Last month, Hortonworks announced quarterly results for the first time as a public company and they came below expectations. It had revenues of $12.7 million (up 55% year-over-year), but average Wall Street estimates were $13.42 million. Similarly, Wall Street expected … Continue reading
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Big Data Quotes of the Week
“The world is one big data problem. There’s a bit of arrogance in that, and a bit of truth as well.”–Andrew McAfee “…one of the most exciting parts of the LinkedIn platform and the LinkedIn ecosystem is that the more … Continue reading
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Big Data Events
Big Data and Data Science Events August – November 2012 Last updated August 6, 2012 Highlights: Partner Events Big Data Innovation Summit September 13-14, Boston Predictive Analytics World–Government September 17-18, Washington DC To get a 15% off of the 2 Day and … Continue reading
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New Research Reports on Big Data
Two new research reports on big data flash out its early impact on enterprise IT.
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Facebook’s IPO and the Laws of Big Data
Without using any predictive analytics tools, I confidently predict that Facebook’s IPO will give rise to more vocal demands for people to “get a cut” of its—and other social media companies’—profits. People deserve, so the argument goes, a share of … Continue reading
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Machines vs. Models, Noise vs. Signal
An excerpt from Nassim Taleb’s forthcoming book, Antifragile, was posted yesterday on the Farnam Street blog. In “Noise and Signal,” Taleb says that “In business and economic decision-making, data causes severe side effects —data is now plentiful thanks to connectivity; … Continue reading