You need to know about big data this week …

Do you need a big data department?

Tom Davenport, Research Director of the International Institute for Analytics, Visiting Professor at Harvard Business School and Senior Advisor to Deloitte Analytics, writes in the Wall Street Journal Blog that companies seek an integrated rather than siloed approach to Big Data:

We studied the Big Data activities of large, well-established businesses—companies like United Parcel Service Inc. , Wells Fargo & Co., United Healthcare Products Inc., and other giants. All are doing something with Big Data, but large volume, high velocity, and unstructured data in those organizations must be integrated with everything else that’s going on in the company. Overall, we found the expected co-existence; in not a single one of these large organizations was Big Data being managed separately from other types of data and analytics—it’s all blended together.

He goes on to describe Big Data as a paradigm shift, and emphasises the transition organisations will need to make:

Even though it hasn’t been long since the advent of Big Data—a decade or so for online firms, and less for big companies in other industries—these attributes add up to a new era. Some aspects of this new world will no doubt continue to emerge, but organizations need to begin transitioning now to the new integration of big and small data. The new model means change in skills, leadership, organizational structures, technologies, and architectures. Together they comprise the most sweeping change in what we do to get value from data since the 1980s.

http://blogs.wsj.com/cio/2013/05/16/why-large-firms-dont-need-a-big-data-department/

Weekly Big Data News

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Data Is Fun: What Happens When Big Data and Art Meet

Data changes our socity and can be applied in all fields. Data is not only interesting to business. This is a video about data and art. Other intersting field I find great for data is comedy. I mean what is more hillarious than reality 🙂

But now more about big data and art:

A vending machine that dispenses snacks when there is bad news is one of the creations for an art project that asks questions about what data means to society. WSJ’s takes a look at how “big data” can be used to make art and social commentary. Enjoy

Do you know great facts about data or funny big data applications?