Chief analytics officer: The ultimate big data job?

Not every organization hiring a CAO is a digital pioneer, but many have matured to the point where they need to take a more strategic approach to analytics. Often, these businesses have deployed pockets of analysts and data scientists across the organization — in marketing, IT, operations or finance — but they aren’t yet harnessing the collective wisdom or economies of scale. These companies are the prime candidates for a CAO.

Source: www.computerworld.com

Not every organization hiring a CAO is a digital pioneer, but many have matured to the point where they need to take a more strategic approach to analytics. Often, these businesses have deployed pockets of analysts and data scientists across the organization — in marketing, IT, operations or finance — but they aren’t yet harnessing the collective wisdom or economies of scale. These companies are the prime candidates for a CAO.

See on Scoop.itData Nerd’s Corner

Advertisements

Analyse this: The benefit of big data – Airline Fleet Management

During weather disruptions, airlines have to re-schedule crew, aircraft and passengers with minimum delay and inconvenience. SAP can help decide the best route and flying times and which crew members to employ (depending on their location, rest periods and labour laws). It can even ensure that valued customers are flown first and the needs of all customers – be they kosher meals or wheelchair access – are met. All this is done seamlessly and quickly. Could you imagine how long it would take people to do all that? 

Source: www.afm.aero

During weather disruptions, airlines have to re-schedule crew, aircraft and passengers with minimum delay and inconvenience. SAP can help decide the best route and flying times and which crew members to employ (depending on their location, rest periods and labour laws). It can even ensure that valued customers are flown first and the needs of all customers – be they kosher meals or wheelchair access – are met. All this is done seamlessly and quickly. Could you imagine how long it would take people to do all that? 

See on Scoop.itData Nerd’s Corner

Report: Crime-as-a-Service tools and anonymization help any idiot be a cyber-criminal

Almost any idiot with malicious intentions can jump into the cybercrime arena thanks to ‘Crime-as-a-Service’ tools that lower the entry barriers into cybercrime; wannabe cyber-criminals who lack technical expertise can simply buy the tools and skills needed. In fact, “Crime-as-a-Service business models” and anonymization have helped many traditional organized crime groups move to cybercrime, according to the 2014 Internet Organized Crime Threat Assessment (iOCTA) published today. It’s easy to do and difficult to be busted since “criminals in cyberspace do not need to be close to the crime scene, they might never even travel to the target country, and can attack a large number of victims globally with minimum effort and risk by hiding their identity.”

Source: www.computerworld.com

Let’s kick the acronyms out of the way. The 92-page report (pdf) came out of the European Police Office, known as Europol. More specifically, the report that talks about increased commercialization of cybercrime was published by Europol’s European Cybercrime Center (EC3). It also looks at the latest trends, future risks, emerging threats and recommendations for law enforcement and policy makers in the EU. Granted, the report provides an “analysis of the latest trends and the current impact of cybercrime within the EU,” but geographical boundaries mean little when it comes to cybercrime; attacks can affect people in the US or anywhere else in the world.

See on Scoop.itData Nerd’s Corner

LinkedIn’s Data Science Secret: Your Hidden Org Chart

One thing LinkedIn’s users don’t always realize is that the search process works differently depending on whether you’re using a desktop or laptop computer, a smartphone, or a tablet. Tunkelang says typing is harder on mobile devices, which leads his team to see a higher incidence of shorter queries from users.One thing LinkedIn’s users don’t always realize is that the search process works differently depending on whether you’re using a desktop or laptop computer, a smartphone, or a tablet. Tunkelang says typing is harder on mobile devices, which leads his team to see a higher incidence of shorter queries from users.

Source: www.fastcolabs.com

One thing LinkedIn’s users don’t always realize is that the search process works differently depending on whether you’re using a desktop or laptop computer, a smartphone, or a tablet. Tunkelang says typing is harder on mobile devices, which leads his team to see a higher incidence of shorter queries from users.

See on Scoop.itData Nerd’s Corner

New Survey Stresses Data Analytics For New Finance Hires

The survey was developed by Robert Half Management Resources, a provider of accounting and business systems professionals on a project and interim basis. It was conducted by an independent research firm and is based on interviews with more than 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets.

Source: businessfacilities.com

The survey was developed by Robert Half Management Resources, a provider of accounting and business systems professionals on a project and interim basis. It was conducted by an independent research firm and is based on interviews with more than 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets. – See more at: http://businessfacilities.com/data-mining-expertise-future-skill-set-requirement-for-cfos/#sthash.L0iVrHoO.dpuf

See on Scoop.itData Nerd’s Corner

Looking for the next wave of disruption – Financial News

Q&A: Blockchain technology

Is this related to Bitcoin?
Yes and no. Blockchain is the technology that makes the virtual currency work, securely recording who owns what Bitcoin. Increasingly, people are thinking it could be used for other financial tasks, such as recording who owns real assets such as shares or currencies.

Source: www.efinancialnews.com

Q&A: Blockchain technology

Is this related to Bitcoin?
Yes and no. Blockchain is the technology that makes the virtual currency work, securely recording who owns what Bitcoin. Increasingly, people are thinking it could be used for other financial tasks, such as recording who owns real assets such as shares or currencies.

See on Scoop.itData Nerd’s Corner

How 35 Canadian CIOs are sizing up big data and analytics issues

In some ways, this is the kind of thing that we’re discussing at the CIO Innovation Summit. To make sure we were developing the right kind of program, though, we conducted an informal survey with a group of 35 IT leaders from a cross-section of industries including manufacturing, health care, education and others. The results showed some interest in big data but a lot of sharp disagreement about the impact of analytics on hiring, skill sets, the management of information and the need to ensure the business was getting the proper benefit.

Source: www.itworldcanada.com

In some ways, this is the kind of thing that we’re discussing at the CIO Innovation Summit. To make sure we were developing the right kind of program, though, we conducted an informal survey with a group of 35 IT leaders from a cross-section of industries including manufacturing, health care, education and others. The results showed some interest in big data but a lot of sharp disagreement about the impact of analytics on hiring, skill sets, the management of information and the need to ensure the business was getting the proper benefit. 

See on Scoop.itData Nerd’s Corner

#sustainabilityseptember…and beyond! – Rivo

a compelling read on the links between sustainability and business performance.  Human capital.  Good governance.  These are not simply buzzwords. 

Source: www.rivosoftware.com

A compelling read on the links between sustainability and business performance.  Human capital.  Good governance.  These are not simply buzzwords.  #SustainableSeptember

See on Scoop.itData Nerd’s Corner

Why Businesses Need To Shift Data Analysis From The Centre To The Front Line

Some of this, of course, can be put down to the old adage that the information coming out is only as good as the figures put in. Even in this age of enormous computer power, the human factor is of vital importance. But also significant is how the data is analysed. Businesses are increasingly complex and just looking at one sort of data or figures from one area of the business is unlikely to be sufficient to provide the insights required to make properly informed and potentially transformational decisions. In short, they need to look beyond one set of data and see how it relates to data in other areas or how it may have been influenced by an earlier decision.

Source: www.forbes.com

Some of this, of course, can be put down to the old adage that the information coming out is only as good as the figures put in. Even in this age of enormous computer power, the human factor is of vital importance. But also significant is how the data is analysed. Businesses are increasingly complex and just looking at one sort of data or figures from one area of the business is unlikely to be sufficient to provide the insights required to make properly informed and potentially transformational decisions. In short, they need to look beyond one set of data and see how it relates to data in other areas or how it may have been influenced by an earlier decision.

See on Scoop.itData Nerd’s Corner

How the big-data revolution can help design ideal cities

There are sensors everywhere collecting data, unnoticed. Data on how you move through space – on foot, on bike, in a car, in public transit. How much water and electricity you use, and when; how much garbage you produce and where it goes. Data on things we haven’t yet imagined. And these reams and reams of information will allow us to not only understand the city better but improve it. This is the future of the city.

Source: www.theglobeandmail.com

There are sensors everywhere collecting data, unnoticed. Data on how you move through space – on foot, on bike, in a car, in public transit. How much water and electricity you use, and when; how much garbage you produce and where it goes. Data on things we haven’t yet imagined. And these reams and reams of information will allow us to not only understand the city better but improve it. This is the future of the city.

See on Scoop.itData Nerd’s Corner