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Dean of Big Data

William Schmarzo

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Top Stories by William Schmarzo

As more organizations try to determine where best to deploy their limited budgets to support data and analytics initiatives, they realize a need to ascertain the financial value of their data and analytics - which means basic economic concepts are coming into play.  While many of you probably took an economics class in college not too long ago, some more "seasoned" readers may be rusty. The starting point for this topic began with a blog that I wrote several months ago titled "Determining the Economic Value of Data" and this key observation that started that conversation: Data is an unusual currency. Most currencies exhibit a one-to-one transactional relationship. For example, the quantifiable value of a dollar is considered to be finite - it can only be used to buy one item or service at a time, or a person can only do one paid job at a time. But measuring the va... (more)

Election #DataScience and the Death of Truth | @CloudExpo #BigData #Analytics

The U.S. Presidential election is finally over. The protests are winding down, they’ve stopped burning cars in Oakland (for now), and the talks of California succession are waning. But I am struggling to return to “normal” because in this election, truth got hammered. Many candidates treated opinions as “truth” and a large portion of the American public grabbed a hold of these “truths” as gospel. It may have been a good time to be in the “fact checking” business, but I’m not sure how effective even the fact checkers could be given the spontaneous nature of “opinions as facts” be... (more)

Your #BigData Analytics | @BigDataExpo #IoT #M2M #BigData #BI #Analytics

Organizations have key business processes that they are constantly trying to re-engineer. These key business processes – loan approvals, college applications, mortgage underwriting, product and component testing, credit applications, medical reviews, employee hiring, environmental testing, requests for proposals, contract bidding, etc. – go through multiple steps, usually involving multiple people with different skill sets, with a business outcome at the end (accept/reject, bid/no bid, pass/fail, retest, reapply, etc.). And while these processes typically include “analytics” that... (more)

MLB #DataLake… Play Ball! | @CloudExpo #BigData #IoT #ML #Analytics

DELL EMC’s Isilon division has been working with Major League Baseball Advanced Media (MLBAM) to create a data lake that provides a seamless process to add and maintain massive amounts of video data to serve their baseball fanatics (like me). Here is a cool 2-minute video that shows how they did it.  The company operates the official web site for the league and the thirty Major League Baseball club web sites via MLB.com, which draws four million hits per day. It also provides the backend-streaming infrastructure for WWE Network, HBO NOW, NHL etc. The data lake is a great reposit... (more)

Business #DigitalTransformation | @ThingsExpo #IoT #BigData #DigitalMarketing

How effective is your organization at leveraging data and analytics to power the business? This is the question that we pose at the beginning of our client conversations.  Gaining intimate insights about your customer, product, and operational behaviors, tendencies, trends and propensities is critical if organizations want to drive digital business transformation; optimizing key business processes, uncovering new monetization opportunities and creating a more compelling customer experience. Unfortunately, organizations are struggling to leverage big data to drive their digital ... (more)