McKinsey has issued a 146 page report this month: Game changers: Five opportunities for US growth and renewal. According to them, Big Data will add $155 to $325 Billion to the US economy by 2020, which represents 0.8 to 1.7 % of GDP. Big-data analytics is a productivity tool. Data is captured everywhere from data […]
Big Data for Big Careers – P&G Quads Down on Analytics Expertise
March 8, 2012 by 3 Comments
By Dan Olds of Gabriel Consulting Procter & Gamble is going to quadruple the company’s staff of business analytics experts in the near future. This is despite the fact that the company is reducing spending in other categories, including significant non-manufacturing layoffs and a hefty 30% cut (equaling $1 billion) in annual IT spending. So […]
Labor: The Big Data Bottleneck
February 10, 2012 by 1 Comment
Paul Sonderegger from Oracle Endeca writes that the biggest bottleneck in making Big Data productive is labor. In a big data world, data modeling, integration, and performance tuning are governors of data use because they rely on relatively slow manual processes done by relatively expensive specialists. In an ironic twist, the substitution of computing capital […]
