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Big Data

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Big Data Corridor

Delivering tailored innovation support for regional SMEs

“For every organisation and citizen across the UK to realise the full potential, benefits and value of big data, it’s vital we raise understanding and awareness of what big data is and where the opportunities lie.” 
Sue Daley, Head of Programme for Big Data, Cloud & Mobile, TechUK

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UK Pilots ‘Personal Travel Assistant’ Ecosystem

A unique transport network big data collaboration is set to ease congestion and help put the UK economy on the right track.

Brits will be amongst the first in the world to get chance to try out the latest Internet and personal information management technology, tailored to their travel needs.

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The HAT, IoT & the Cloud

Original article published on Hub of All Things.

It’s commonly stated that individuals: a) don’t know what their personal data is worth, and b) give it up in exchange for “free” services, which then are powered economically by the value of the large amount of user data in terms of targeted advertising, marketing recommendations, analytics, and so forth. This is the famous two-sided market. In a similar way, the Internet of Things (IoT) has largely evolved a collection of services that often appear to be free, but in fact make this same trade-off. Hence, smart metering for utilities empowers the electricity-generating and grid companies to optimise their price/performance better, just as Tesco’s Clubcard allows the supermarket group to optimise its range and quality of goods.

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Me, Inc. (as a HAT)

Original article published on Hub of All Things.

Today’s corporations use IT to be incredibly efficient and effective. There are IT systems for finance, accounting, inventory management, supply chains, material and enterprise resource planning. All the tools necessary for the corporation be viable and profitable amid constraints of regulation. Corporations hold vast amounts of data to achieve this; data about production, materials, inventory, data about customers. In fact, nothing can be achieved within the modern corporation today without data and information.

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Does Context Matter?

Using Big Data To Predict Consumer Choice:

Consumer data is a valuable asset in the current age of data with “smart things” (sensors) delivering large amounts of information to consumers and businesses. According to IBM, in 2012 more than 2.5 exabytes (2.5 billion gigabytes) of data was generated daily. By 2015 this number has grown and, according to forecasts, will continue to grow to 40,000 exabytes by 2020. Under these circumstances, businesses develop innovative techniques to extract and analyse data “on the fly” in order to create quick value propositions for the consumers. The availability of large masses of data catalyses the rise of the domain of data-driven business models (DDBM) which looks at how the data can be used in order to develop new and improve existing business modelling mechanisms.

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