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Big Data Analytics – 5 ideas to consider

As someone who drives complex ideas through and around dozens of roadblocks, I am often reminded that one of the best ways to help people is simply to highlight the right resources that will eventually transform into knowledge and wisdom.

In one of the most complex areas of my endeavors is the current ‘seizure’ mentality that is stopping the right technology and trends at the appropriate levels. This is especially true of the Big Data conversation that is challenging all levels of business.

Ironically the small and mid-sized business teams are having an easy time gaining traction in understanding the issues that affect their business. The small and medium businesses bring another problem: not having enough Big Data to play with and the budget to bring the expertise to make the initial change.

So the key to think about:

Enterprise Player = focus on tactical and economy of scale.

Small and Mid-sized Business = focus on wisdom of larger data providers.

If you are in an organization that is currently considering a Big Data initiative, please  take a moment to reach this article by John Weathington over at TechRepublic = To get Big Data buy-in, IT should let go of proof of concept …

Once you have had a chance to read it, come back and explore some of these other Big Data articles with the mindset of initiating the process with the right team and executive support in place. The simple reality is that Big Data isn’t an IT issue; it is a game changing opportunity for executive leadership and owners who choose to be nimble.

— ADDITIONAL READING —

Dynamic data analysis the future of big data: Brainmates – ZDNet

Big data isn’t all about beefing up marketing strategies for organisations, according to founder of the product management …

“As a predictive tool, big data can deliver better products, but to effectively achieve this, product managers should use big data to test the questions that have previously been impossible to answer until after the product has gone to market,” he said. “Too often, we are led by what we think we can do and are trapped on those rails, whereas if we imagined the impossible, pretty soon we will find it has already been done elsewhere.”

Can Big Data make government cheaper? – ZDNet (blog)

The movie “Moneyball” celebrated a “Big Data” approach to maximizing returns from investments. Can Big Data do the same for government?…

“Today’s young people – hammered by the Great Recession, the loss of middle class jobs and gridlock in Washington – may take a more pragmatic approach. Stress – like the Great Depression and WWII – seems to focus Americans on solutions rather than ideology.”

Putting a Dollar Value on Big Data Insights – Wired

The Big Data phenomenon produces some mind-boggling statistics, such as the fact that the volume of global data produced doubles every two years. At the University of California at Berkeley, researchers …

” To cite just one example, retail giant Walmart was able to use Big Data analysis to drive a 10%-15% increase in completed online sales for $1 billion in incremental revenue, which is a well-planned ROI using data.”

5 Big Data Projects That Could Impact Your Life – Mashable

GCN argues that the first “big data” software was IBM’s DB2, a database management system it released back in 1983. What’s new is the ability to compile and process everything at such large scale …

“It’s a swanky term for a not-so-sexy concept: the idea that mass amounts of information can be analyzed to find hidden patterns, buried beneath terabytes of numbers, in Facebook posts,Google searches and Amazon purchases. These patterns can predict social trends and, in some cases, reengineer the way we live.”

 

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EVENT: BuzzRE Portland – technology for the real estate industry – June 3rd

If you are a real estate professional in the Washington / Oregon area, I encourage you to take a day trip to Portland and join me at BuzzRE on June 3rd. This event is a huge steal for anyone in this niche, as a few of the professionals I will be presenting with have some amazing insight to different sections of the “real estate puzzle” and this is the chance to hear it all in one spot.

I will be presenting on the niche of real estate brand and reputation, discussing tactics and strategies for defending professional “real estate” that relates to your business, along with proven methods of driving more business using reputation assets.

BuzzRE includes a variety of other talented speakers that include:

Jeff Turner: Jeff is a serial entrepreneur and a seasoned business executive of 20 plus years. In addition to his role as President at Zeek Interactive, Jeff is the founder and creative force behind Real Estate Shows and widely regarded as one of the foremost experts on social media marketing strategy and execution, and a sought after conference speaker on topics related to emerging technologies.

Dustin Luther: Through 4realz.net Strategies, Dustin helps real estate companies develop internet marketing strategies to better reach their audiences. Ever since he launched one of the first real estate blogs, Rain City Guide, nearly five years ago, he’s been a prominent voice in educating real estate professionals on how to improve their online marketing having been a featured speaker at countless national and local events.

Joel Burslem:  Joel was the founder of the Future of Real Estate Marketing blog which was acquired by Inman News in 2007. Named one of the Top 25 Most Influential Real Estate bloggers in 2007 and 2008, Joel regularly speaks about technology and real estate marketing to audiences across the nation and he is frequently called upon to comment on these subjects by mainstream media like New York Times, BusinessWeek, International Herald Tribune and the Wall Street Journal.