A recent blog post from James Haight at Blue Hills Research took a look at the average amount of time – and money – spent on inefficient data prep. The results were pretty sobering, to the tune of two hours per day spent on data prep which equates to roughly $22,000 per year, per analyst. That’s a pretty hefty price tag for a low value-add activity. Imagine if you had a team of…
The regulatory concepts involved with big data are still extremely new, as the technology has not been in the mainstream for more than a couple of years and laws take a while to formulate and pass in any nation.
Advanced analytics technology remains one of the hottest segments of the IT sector today, and this is expected to be the case for years to come thanks to several trends that make these solutions more desirable among the world's private and public industries.
As big data becomes a more central aspect of corporate strategy, many firms might be missing some of the more important steps toward optimal information governance in their backend systems and everyday operations.
Business intelligence solutions have been helping leaders identify opportunities for process and operational improvements for decades, but today's advanced analytics are far beyond those of the past in terms of effectiveness, efficiency and power.
As the big data marketplace moves closer to a point of mass-maturity, business leaders have begun to take new approaches to implementation and utilization.
With more companies leveraging big data solutions and storing massive quantities of information, experts, analysts, advocacy groups and government officials alike have been increasingly concerned about security and privacy.
In 2009, the Health Information Technology for Economic and Clinical Health Act went into effect in the United States, completely transforming the ways in which medical firms are required to handle their information.
Organizations in virtually every industry are beginning to invest more in advanced analytics technology, driven by the desire to leverage the massive volumes of information they currently generate, store and collect in more progressive strategies.
Big data has spread rapidly in the past few years, with more companies beginning to allocate resources and budget to advanced analytics endeavors in virtually every industry and region of the United States.