As we begin a new year, BBC Future has compiled 40 intriguing predictions made by scientists, politicians, journalists, bloggers and other assorted pundits in recent years about the shape of the world from 2013 to 2150.
With the increasing digitization of healthcare, the trend of “Big Data” has been gathering steam. According to a new report from digital health consultancy DrBonnie360, there is an estimated 50 petabytes of data in the healthcare realm. That’s predicted to grow, by a factor of 50, to 25,000 petabytes by 2020. The report, which I’ve summarized in this post, does an outstanding job of profiling the leading products utilizing Big Data in healthcare.
DrBonnie360 principal Dr. Bonnie Feldman, a former dentist, health consultant and sell-side equity analyst, identified six ways Big Data is being applied in healthcare:
- Support Research - Genomics and Beyond
- Transform Data to Information
- Support Self-Care
- Support Providers - Improve Patient Care
- Increase Awareness
- Pool Data to Build a Better Ecosystem
IBM plans to capitalize on the fact that marketing departments spend a bigger cut of their revenue on information technology than IT departments, a very ambitious move that can be credited to chief executive Virginia Rometty. IBM’s first female CEO entered office in January this year.
While IBM’s revenue is expected to drop by one percent in Q2, marketing departments’ spending will increase by nine. And about a third of this is going into software that helps marketers manage customer relations and predict consumer trends – an industry that was worth no less than $25 billion in 2011.
“Yuchun Lee, an IBM vice president who is one of the strategy’s architects, says the company is making investments in technology that could help clients manage online customer interactions, analyze social media data and craft targeted pitches,” writes the Wall Street Journal.
Over the past few years, IBM has spent $3 billion acquiring companies in this market, such as Coremetrics, DemandTec Inc. and Tealeaf Technology Inc., Mr. Lee said.”
Andrew is working an IBM internship with Extreme Blue. His team’s challenge: to build an application for the social media engagement platform HootSuite that surfaces social media analytics from IBM Cognos Consumer Insight social analytics solution. Via Business Analytics Blog
Ivan Herman recently offered some insight into how Watson actually works. Herman reports, “I was at Chris Welty’s keynote yesterday at the WWW2012 Conference. His talk was on Jeopardy/Watson and, although this is not the first time I heard/saw something on Watson, some things really became clear only at his keynote. Namely: what is really the central paradigm that made the question answering mechanism so successful in the case of Watson? Well… query answering in Watson is not some sort of a deterministic algorithm that turns a natural language question into a query into a huge set of data. This approach does not work.”
He continues, “Instead, a question is analyzed and, based on search in various set of data, a large set of possible answers is extracted. These ‘candidate’ answers are analyzed separately along a whole series of different dimensions (geographical or temporal dimensions, or, which I found the most interesting, putting back candidate answers into the original question and search that again against various sources of information to rank them again). The result is a vector of numerical values representing the results of the analysis along those different dimensions. That ‘vector’ is summed up into one final value using a weight values for each dimension. The weights themselves are obtained through a prior training process (in this case using a number of stored Jeopardy question/answers). Finally, the answer with the highest value (I presume over a certain threshold value) is returned.”
Regardless of the size and type, every business utilizes computing data. Most of them have realized the significance of Data Center Services in the future. They have understood that without data protection, they can end their chances in competition. And just in case, if any Disaster Strikes,…