Tag Archives: Data mining

The Real Big Data Opportunity

The latest from Prosper Now’s Blog on Forbes.com

Prosper Insights & Analytics CEO Gary Drenik shares his thoughts regarding the real opportunity for big data and lets readers in on a little secret. Read it here.

Plus we’ve compiled all of his recent posts on the topic in one place to tell the true story about big data and help you navigate the big data waters. These articles provide insight and understanding to identify the opportunity from hype in the big data world.

This is a must-read if your organization is considering taking the big data plunge! View the PDF.

BIG Data Equals BIG Headache For Executives

In 2014, the lure of big data solutions will catch many executives in a maze of both useful and useless data, and the result will be a big disappointment if they don’t have the right strategy.

As businesses clamor to participate in big data initiatives, they are risking millions of dollars on software and servers with no certainty of any useful outcomes and, in some cases, any outcomes at all. Building a huge data warehouse is just the start but should never be the goal. William Binney, creator of some of the computer code used by the NSA to spy on international Internet traffic, said recently that the agency knows so much that it can’t understand what it has. “What they are doing is making themselves dysfunctional by taking all this data. The agency is drowning in information,” said Binney. If the world’s leading data collection and analysis agency can have a problem of “too much data,” then it’s not farfetched to assume companies diving into big data may need a life jacket. Continue reading