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When it broke onto the IT scene, BigData was a big deal. Still, CIOs should not be too quick to consign the technologies and techniques touted during the honeymoon period (circa 2005-2015) of the BigData Era to the dust bin of history. Data is the cement that paves the AI value road. Data is data.
In the modern world of business, data is one of the most important resources for any organization trying to thrive. Business data is highly valuable for cybercriminals. They even go after meta data. Bigdata can reveal trade secrets, financial information, as well as passwords or access keys to crucial enterprise resources.
Far from hypothetical, we have encountered these issues in our experiences with "bigdata" prediction problems. We often use statistical models to summarize the variation in our data, and random effects models are well suited for this — they are a form of ANOVA after all. ICML, (2005). [3] 2005): 301-320. [9]
Of course it can be argued that you can use statistics (and Google Trends in particular) to prove anything [1] , but I found the above figures striking. Computerworld – Gartner: Customer-service outsourcing often fails , Scarlet Pruitt, March 2005. Here we come back to the upward trend in searches for Data Science.
Or when Tableau and Qlik’s serious entry into the market circa 2004-2005 set in motion a seismic market shift from IT to the business user creating the wave of what was to become the modern BI disruption. Sisense supports a wide range of relational, NoSQL and bigdata sources.
He was saying this doesn’t belong just in statistics. He also really informed a lot of the early thinking about data visualization. It involved a lot of interesting work on something new that was data management. To some extent, academia still struggles a lot with how to stick data science into some sort of discipline.
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