Big data trends for CXOs

Last Modified: Fri, May 13 2016. 02 13 AM ISTModern data science can provide a formal approach to many challenges involved with using new technologies, methods and data Information technologies have always provided a rich environment for introducing new vocabulary and new concepts. In many cases, the phenomenon is justified. It’s hard to imagine a field that changes more rapidly or more consistently over time. Unfortunately, this trend for new concepts and new terminology can also be a sort of smokescreen behind which can hide weak thinking and poorly-formulated value propositions. Take, for example, the concept of actionable data. The term seems simple enough. Actionable data is data that can be consumed by an algorithm or used to drive the outcome of a decision or process. Many organizations are struggling…

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