Bill Franks's Blog: Analytics Matters, page 12

Analytics Matters!

As we enter 2014, we are in the middle of a fundamental transformation in the way businesses view analytics. Analytics are now seen as core to a business. Analytics matters. I am extremely pleased to see this happen and that people like me no longer have to fight to make the value of analytics visible. We are just starting to see analytics used as the basis for new products and revenue streams. The breadth of decisions analytics support is increasing every day. The next few years are going to...

Hacked by the Internet of Things

The Internet of Things (IOT) has a lot of promise. The data it generates can provide insights into many aspects of our lives that haven’t had data in the past. The applications that run on top of the IOT will be varied and many will have a large analytic component. Just like the value of the Internet itself wasn’t really understood until it was in place, I suspect that we’ll all be surprised at how fast the IOT becomes a part of our lives and how much we value it. However, there is an underbe...

Big Data’s Big Flip-Flop

It wasn’t too long ago that many people espoused the decline, if not death, of the SQL language and relational database technology in general. As a level set, remember that relational technology stores data into rows and columns and that the way to access relational data is through Structured Query Language (SQL). For a couple of years, there was a full frontal assault on relational approaches from the Hadoop and non-relational crowds. The overhead of placing data into pre-defined rows and co...

When Machine Learning Isn’t Learning

Terms come in and out of vogue on a regular basis. In recent years, the use of the term Machine Learning has surged. What I struggle with is that many traditional data mining and statistical functions are being folded underneath the machine learning umbrella.

There is no harm in this except that I don’t think that the general community understands that, in many cases, traditional algorithms are just getting a new label with a lot of hype and buzz appeal. Simply classifying algorithms in the ma...

Quick! Invest in this CBIMBDMLAAS Company

The new company will be focused on Cloud-Based In-Memory Big Data Machine Learning Analytics as a Service (CBIMBDMLAAS). I challenge readers to find another premise to build a business around that captures as many of the hot trends in the market today as that term does. Just being able to say that mouthful with a straight face is almost certainly worth a first round of funding in the low millions of dollars today as long as even a cursory business plan and light prototype is used to support i...