Health analytics market poised for major growth

Increasing health IT adoption, global care mandates and venture capital investments will help to push the health analytics market to 25 percent annual growth over next five years, according to a new report.

Source: www.fiercehealthit.com

However, a shortage of skilled people with the necessary analytical skills and difficulties in securing patient data and patient-privacy requirements pose barriers to wider adoption of healthcare analytics, the report notes.

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Hadoop vs. Data Warehouse: Comparing Apples and Oranges?

Dan Graham of Teradata describes Hadoop, data warehouses, and data marts; the differences between them; and the abilities and shortcomings of each.

Source: data-informed.com

In 1992, Bill Inmon published “Building the Data Warehouse,” which described two competing implementations: data warehouses and data marts. Gartner echoed Inmon’s position in 2005 in its research “Of Data Warehouses, Operational Data Stores, Data Marts and Data Outhouses.” Both are oversimplified in the following table. – See more at: http://data-informed.com/hadoop-vs-data-warehouse-comparing-apples-oranges/#sthash.wdmNptdB.dpuf

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Why analysts should master public speaking

Granted, the fear of public speaking is often considered the most common of all phobias. In some (non-scientific) studies, evidence suggests that people fear…

Source: www.datasciencecentral.com

Today, there is an interesting lack of clarity into the ‘natural’ career path for analysts. In our network, we’ve seen it all: analysts who become managers of analytical teams (who are suddenly challenged on the core competencies needed to fulfill their new role), analysts who become managers of other teams, and analysts who will eternally remain analysts. In a reality where people are ‘encouraged’ to work longer, one needs to ask the crucial question: will I remain forever happy as an analyst? A lack of public speaking skills has been considered a major factor holding people back from success in general – and this is probably not much different for analysts.

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OkCupid Data Scientist: “I’m Not Playing God”

After readily admitting to conducting experiments on OkCupid users, Christian Rudder defends Facebook’s study and tech company data scientists.

Source: www.buzzfeed.com

The post (which you can read more about here) is a bit sardonic and overtly casual about the idea of a company experimenting with user data and algorithms. Early on, Rudder argues, “Guess what, everybody: if you use the Internet, you’re the subject of hundreds of experiments at any given time, on every site. That’s how websites work.”

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Your Rights in the Age of Big Data Analytics | SmartData Collective

With Big Data-related excitement on the verge of finally reaching a crescendo, many market analysts are forecasting gargantuan outlays. But, as more organizations begin to explore the potential of Big Data Analytics in greater depth, many practical, moral and legal challenges will further emerge, requiring our attention.

Source: smartdatacollective.com

An ABI Research report, Big Data Spending to Reach $114 Billion in 2018; Look for Machine Learning to Drive Analytics, predicted that the worldwide market for Big Data related hardware, software and professional services would reach $30 billion by the end of 2014, experiencing a staggering Compound Annual Growth Rate (CAGR) of 30% through to 2018 where the total market size would reach $114 billion. Wikibon’s Big Data Vendor Revenue and Market Forecast 2013 – 2017 report supports those figures, projecting the Big Data market to be worth around $28.5 billion by the conclusion of 2014, climbing to $50.1 billion by the end of 2015. 

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Facebook and Cornell U. backlash: Why we should worry!

Facebook engaged in a large study – 693,003 users – to see if emotional states could be transferred or changed via the emotional content of the news feed. Facebook did not feel it was necessary to get subjects’ consent before conducting the study. Here are 3 more reasons WHY this study IS IMPORTANT to us all!!

Source: blog.drkpi.com

Following the spirit as well as the letter of the law is the key to successful compliance. In turn, any governance depends upon the participants doing their job thoroughly and carefully.

In this case, the academics thought this was an important subject that could be nicely studied with Facebook users. They may not have considered how much it might upset users and the media.

Cornell University has a its procedure in place for getting approval for research with human subjects. As the image below illustrates, the researcher is expected to reflect on the project and if in doubt, ask for help.

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SunTrust CIO Drives Digital By Renovating and Innovating IT

“No one goes to a bank anymore,” Anil Cheriyan, CIO at SunTrust told me recently. “Very few people actually visit a bank branch. They need access to their financial information when they need it, whenever and however they need it. We are responding with a mobile-first, customer-first approach, providing a […]

Source: www.forbes.com

Today, it is one of the largest banking organizations in the U.S. Under the leadership of William H. Rogers, Jr., CEO since June 2011, it has embarked on a new strategic thrust, focusing on three priorities: Optimizing the balance sheet and business mix; deepening customer relationships; and improving efficiency. 

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Groundwater losses putting U.S. Southwest supply in jeopardy: study

Since 2004, researchers said, the Colorado River basin – the largest in the Southwest – has lost 64 trillion litres, of water. That’s enough to supply more than 50 million households for a year.

Global News

SAN FRANCISCO – Groundwater losses from the Colorado River basin appear massive enough to challenge long-term water supplies for the seven U.S. states and parts of Mexico that it serves, according to a new study released Thursday that used NASA satellites.

Researchers from NASA and the University of California, Irvine say their study is the first to quantify how much groundwater people in the West are using during the region’s current drought.

READ MORE:Bandits demand villagers deliver 35 buckets of water a day in drought

Stephanie Castle, the study’s lead author and a water resource specialist at the University of California, Irvine, called the extent of the groundwater depletion “shocking.”

“We didn’t realize the magnitude of how much water we actually depleted” in the West, Castle said.

Since 2004, researchers said, the Colorado River basin – the largest in the Southwest – has lost 64 trillion litres, of water…

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New York Times Chief Data Scientist Chris Wiggins On The Way We Create And Consume Content Now

“What were aiming to do is try to inform product decisions and marketing decisions, as well as potentially newsroom decisions.

Source: www.fastcompany.com

The ability to use the technical tools, that’s part of it. But part of it also is critical literacy–to be critical about somebody else’s story that they’re trying to tell you using data. And rhetorical literacy which is the skill of being able to use data use data and analysis of data in order to make a point–in order to tell as story yourself. We’re trying to teach all of those things.

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Biggest IPO in history may be coming. | OptionsHouse

Source: www.optionshouse.com

Alibaba would crack the top ten in terms of size of IPO if, as expected, the final size grows to over $5.5 billion.  Yahoo bought 40% of the company 10 years ago and still owns a 22.6% stake. It’s fair to believe that Yahoo shares appreciated near the end of 2013 as investors apparently sought to purchase this hidden value. Yahoo has stated they plan to use the IPO to sell 10% of their stake in the company.

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