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data mining - News, Features, and Slideshows
One of the paradoxes of today's data-driven world is that the very data we seek for competitive advantage can be both a curse and a blessing. Businesses need the right data to gain a leg up, but each new bit they acquire makes it harder to uncover the data they need.
Michael Stonebraker, whose database software breakthroughs helped to tame information overload long before we referred to it as big data, is the recipient of the 2014 ACM A.M. Turing Award, a.k.a. the "Nobel Prize in Computing."
It's been nearly four years since investor and entrepreneur, Marc Andreessen, proclaimed that software is "eating the world", and the evidence is everywhere. Full-scale transformations are being wrought upon companies and industries alike, from financial services to agriculture to advertising.
Tableau Software will release a big update to its business intelligence software in the coming weeks, promising that customers will be able to spend more time on data analysis and less on "data wrangling."
Databricks wants to make it possible to take humans out of the loop entirely when it comes to running complicated data analysis jobs.
Most financial service firms, which includes banking and insurance companies, are engaged in a big data project to increase the pace of innovation and uncover game-changing business outcomes. The pressing challenge now is how to drive more continuous value and unearth opportunities more rapidly.
A lot of security processes failed during the breach of Target's systems during last year's holiday season, but one surprising revelation was that the retailer actually did receive security alerts about the malware in its system. Yet because the security team was bombarded with alerts -- estimated at hundreds per day -- it couldn't adequately prioritize them.
Ever since President Obama signed the Open Data Executive Order, government agencies have been making their vast data stores available to the public. These once-secret data sets are proving a valuable business resource, too.
Big data and analytics permeate virtually every move Ford makes, from forecasting the worldwide price of commodities to figuring out what exactly consumers want, what it will build, where it should source parts and how to power its lineup of vehicles.
Companies are taking matters into their own hands with internal controls, open privacy policies, ethical codes and greater candor over how they're collecting and parsing personal data. But many wonder whether it's enough to allay consumers' fears as techniques for manipulating data multiply.
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