Blockchain will be a fundamental component of a data-driven world

Whether it’s personal, social, corporate, scientific or political, data will have a key role in determining the functionality and efficiency of the systems that will underlie the infrastructures of entire communities as humanity becomes more and more digital.

Data has rightly earned the title of “new gold.” It is fast becoming the main drive behind modern business. Companies collect and analyze data to improve the efficiency of their services and products.

And as with everything of value, there’s reason to believe that future wars will be fought over data stores. But there’s really much more to data than monetary value. Continue reading

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The three flavors of data analytics

big data

Data analytics is something that you read and hear about a lot these days. It’s been touted as the science and technology that can help organizations reduce costs, increase efficiency, identify new opportunities and increase their competitive advantage.

Data analysts uses mathematics, statistics, and sometimes machine learning, to find meaningful patterns across registered data and turn them into meaningful results and actionable insights. While the concept of analytics isn’t new, recent advances in storage and computation technologies are enabling us to store and process data in huge volumes, and are taking data analytics to the next step, opening up possibilities that weren’t conceivable before. Continue reading

Don’t let big data drive big business through the rear view mirror

Big Data

businesses need to turn real-time data into real-time decision making if they are to succeed in an ever-changing business environment.

Guest post by Julie Lockner of InterSystems

“The biggest problem we face is re-shaping ourselves so that we’re better placed to change as rapidly as the world around us.”

Wise words from Stephen Foreshew-Cain, executive director of the UK’s Government Digital Service, as he looked forward to the government of the future. The same holds true for business across all sectors.

Change is rapid and constant, and the traditional model of basing decisions on meticulously gathered and refined historical data is no longer fit for purpose. Looking over one’s shoulder is no way to make positive decisions; basing choices on information that is hours, days and event months old is the equivalent of driving through the rear view mirror. Continue reading

How predictive analytics fights the cyberthreats of the future

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The complexity of the cybersecurity landscape is simultaneously increasing in different directions. On the one hand, the volume and sensitivity of data being stored and used by firms is growing, which means IT security experts have their hands full of information that needs to be secured. Meanwhile, hackers are constantly attacking organizations in new, inconceivable ways, making traditional security tools less and less effective. Continue reading