The latest executive report published by IBM Institute for Business Value puts the estimated cost of cyber crime to the global economy in a range of USD 375–575 billion per year. Reputational damage, which is hard to calculate, comes on top of all this. No industry and geography has remained
Data is a potent business resource and the key to gaining and maintaining competitive advantage. Last month, IBM and Hortonworks announced a partnership to bring data science to the world on an open platform, offering Hortonworks Data Platform (HDP) along with IBM Data Science Experience (DSX) and
Perhaps one the single most significant changes to the analytics landscape in recent years had been the emergence of the data scientist. This role is continuing to evolve, with many organizations still in the process of establishing how best to incorporate this relatively new discipline into their
Many of today’s top business performers successfully leverage a discipline – data science. Machine learning is one major way to apply data science and with machine learning, the more data we feed in, the better it performs. However, much of the world’s value data cannot be found on the Internet. It
In any successful modern organization, analytics is likely to play a central role in helping decision-makers design and execute effective business strategies. At IBM, as we work with clients across the globe, we’re seeing ever-increasing levels of maturity and confidence in data-driven business
The data lake can be considered the consolidation point for all of the data which is of value for use across different aspects of the enterprise. There is a significant range of the different types of potential data repositories that are likely to be part of a typical data lake.
It’s easy to be blinded (and impressed) with the rapid innovation and evolution in the arena of big data. Today’s most technically sophisticated companies have the opportunity to exploit big data tools to address mind-numbingly cool use cases and produce very enticing results. However, so many
This is the fourth in a series of blogs on analytics and the cloud. Read our introduction to the series. This blog concerns itself with the rise of open source software and how it is used for a whole host of analytical purposes. However, as will be seen in this blog, there are significant gaps in
Dwaine Snow is a Global Big Data and Data Science Technical Sales Manager at IBM. He has worked for IBM for more than 20 years, focusing on relational databases, data warehousing, and the new world of big data analytics. He has written eight books and numerous articles on database management, and
Although NoSQL database technology has been around for a long time (before SQL actually), not until the advent of Web 2.0, when companies such as Google and Amazon began using the technology, did NoSQL’s popularity really take off. Market Research Media forecasts NoSQL Market to be $3.4 Billion by
Building a data lake is one of the stepping stones towards data monetization use cases and many other advance revenue generating and competitive edge use cases. What are the building blocks of a “cognitive trusted data lake” enabled by machine learning and data science?
In many cases the data lake can be defined as a super set of repositories of data that includes the traditional data warehouse, complete with traditional relational technology. One significant example of the different components in this broader data lake, is in terms of different approaches to the
This is the second in a series of blogs on analytics and the cloud. We will consider the rise of the Internet of Things (IoT), analytics used on that data and how the cloud can be utilized to drive value out of instrumenting a very wide range of ‘things’.