Noreen Seebacher

Is That the Sound of a Bubble Bursting?

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BethSchultz
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Re: CNN's take
BethSchultz   1/11/2013 12:14:55 PM
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I'd agree -- too much at stake in the start-up business to risk it all on intuition. Got to back it up with data!

kq4ym
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Re: CNN's take
kq4ym   1/11/2013 9:42:01 AM
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I'm not so sure "intuition" is a better way to price than using data necessarily. It all depends on what the data is and how it's interpreted. If the forumula used isn't valid then intuition may as well be the choice used. But, if the data collected indicates real correlation with buyer behavior then go at it. But, bubble do burst at some point, so we'd better be ready!

SaneIT
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Re: The Problem With Big Data
SaneIT   1/8/2013 7:25:07 AM
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@Noreen, the video spells this all out nicely and I like the comparison to the internet bubble.  The internet is still around and it has not only changed many business processes it has changed our day to day lives.  I don't think the average citizen is going to be doing analytical work with big data but I do think that it is going to change many business processes the same way the internet has.

BethSchultz
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Re: CNN's take
BethSchultz   1/7/2013 2:41:28 PM
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Ariella, no surprise there, though, would you say? Yes, we're early days in big-data and in developing the talent needed to really exploit its availability. Should be an interesting few years....

Ariella
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Re: CNN's take
Ariella   1/7/2013 12:06:05 PM
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@Beth Yesterday's Gigaom article argued along the lines of we've got a long way to go in big data.

"data scientists are the designers and the content creators of today, not the software engineers or the IT bottleneck.

Every organization will need someone wearing the data scientist hat just like very organization has people responsible for product, sales, marketing and support. Unfortunately, to date, the tools available to data scientists have been rudimentary. Data scientists have had to learn diverse and complex computer languages for working with data. That world is changing as we create simpler ways for data scientists to use big data.

Noreen Seebacher
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Re: Bubbles
Noreen Seebacher   1/7/2013 10:31:29 AM
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Noreen Seebacher
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Re: Bubbles
Noreen Seebacher   1/7/2013 10:27:23 AM
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Noreen Seebacher
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Bubbles
Noreen Seebacher   1/7/2013 10:26:11 AM
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Noreen Seebacher
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Re: The Problem With Big Data
Noreen Seebacher   1/7/2013 10:24:06 AM
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SaneIT
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Re: The Problem With Big Data
SaneIT   1/7/2013 8:30:44 AM
@Hyoun Park, excellent insight.  The fact that anyone can collect data and make observations doesn't make it a valuable big data implementation.  Knowing the relationship between your data and real life results is often a missing component and it results in a lot of guessing.  I don't think there is a bubble bursting yet, but if there is one that bursts I think it will be the one size fits all bubble that goes first.  Analytical business practices  aren't going away, and big data is a very important tool there when it is used correctly.

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