newsletter archive.
(Previously published under the title Extreme Profits
under ISSN 1925-8941)
The devil is in the details, big data to the rescue
Big data, that "large volume of data - both structured and unstructured - that inundates a business on a day-to-day basis" is a hot topic these days.
Even though the "information explosion" actually started 70 years ago, an increasing volume of online content has created a sudden rush for businesses looking to big data as the next money maker. In fact, the big data industry is expected to grow from $10.2 billion (US dollars) in 2013 to $54.3 billion by 2017.
Into the future, forecast decisions
If you were asked to predict the winner of the next World Cup Soccer event, would you be able to make an accurate prediction? If Paul the Octopus was still alive, he may have used his divination powers to do just that. However, humans are not generally so endowed.
But predicting the future is an important element of decision making. So important, in fact, organizations go to great lengths to ensure that their operations align with their strategic targets.