Search Results for: big data

Executives understand the importance of big data but have little idea what to do with it

Executives understand the importance of big data but have little idea what to do with it

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When board members in big firms make critical decisions about their organisations, it is almost always behind closed doors. So exactly how and if senior leaders draw on big data factors in their decision-making is largely unexplained. Researchers from Brunel University studied top-level decisions by board managers at 19 organisations in manufacturing, finance, consultancy, IT and air travel. The study, published in the Journal of Business Research looked at how board managers think and act and the mental models and skills they use to weigh up big data. Directors, it suggests, recognise big data’s potential to improve their decision-making. But many admit feeling ill-equipped to do this, whether through their own technical skills or the new type of non-linear thinking needed. More →

Built environment sectors ignoring the potential of smart cities and big data

Built environment sectors ignoring the potential of smart cities and big data 0

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There is little or no evidence of the built environment, real estate and construction sectors engaging directly with the smart city agenda, according to a new RICS Research Trust report by University of Reading academics. The research, which examined four case studies (Bristol, Milton Keynes, Amsterdam and Taipei) found that less than a quarter of UK cities had an smart city action plan. Of those that did, the main focus in the smart city case studies is on open data. As a result, city residents are not benefitting from a clear strategy for smart cities according to the report Smart Cities, Big Data and the Built Environment: What’s Required?

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Number of data scientist jobs soars as Big Data moves up the corporate agenda

Number of data scientist jobs soars as Big Data moves up the corporate agenda 0

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Advances in tech have boosted Data Scientist roles by 57 percent globally in one year, according to a Big Data Analytics and Business Intelligence Observatory run by Politecnico di Milano School of Management. Advances in big data analytics are encouraging increasing numbers of industries – including banking, media and big pharma – to maximise this tool by employing more data scientists. The research, which surveyed 280 international data scientists, revealed the 57 percent annual increase in positions allocated, as well as role availability in nearly a third of companies. The research suggests that international businesses will increasingly be looking to integrate Data Scientist roles into their hiring strategies.

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Strategic application of Big Data reaches tipping point, claims study

Strategic application of Big Data reaches tipping point, claims study 0

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A new study claims that the application of Big Data in the workplace has now reached a tipping point as two thirds of organisations now consider its application of ‘strategic’ consequence, with just a fifth (19 percent) still at an experimental stage. According to the 2016 Big Data Maturity Survey from AtScale, nearly all of the 2,550 businesses who took part (97 percent) claim they will do as much or more to apply Big Data to decision making over the next three months. The main application is expected to be business intelligence according to 75 percent of respondents to the study. The AtScale study also found most companies now deploy Big Data in the cloud rather than keeping it on premises. “There’s been a clear surge in use of Big Data in the Cloud over the last year and what’s perhaps as interesting is the fact that respondents are far more likely to achieve tangible value when their data is in the cloud,” said AtScale CTO and co-founder Matt Baird.

The Big Data skills gap and other issues

The Big Data skills gap and other issues 0

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big-dataA new report from techUK claims that the widespread use of Big Data could boost the UK economy by £241 billion and create around 157,000 jobs by 2020, but the Government needs to act fast to address the skills gap that is holding back the implementation of more Big Data applications. The survey of techUK members found that almost two thirds (62 percent) say they need more specialists in emerging disciplines including Data Analysts, Data Infrastructure Engineers and Solutions Architects. However there may be wider challenges ahead for the application of Big Data as a survey carried out by Gartner suggests that the number of organisations willing to invest in Big Data is set to fall.

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Fourth industrial revolution + UK’s best employers + Big data and design 0

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Insight_twitter_logo_2In this week’s Insight newsletter; Mark Eltringham says work is still good for us; but five million jobs could disappear worldwide over the next four years in the fourth industrial revolution; and 40 percent of young workers believe their current job could be replaced by automated systems. More than half of US firms still allow smoking in the workplace; over a third of UK employers have introduced flexible working to reduce absenteeism and British firms lead the top UK employers list. Digitisation still has a largely positive effect on our working lives; and a huge surge in the availability of Big Data infrastructure in EMEA countries predicted over the next four years. And regional office take-up reaches 20 percent above the five year average. Download the latest issue of Work&Place and access an Insight Briefing produced in partnership with Connection, which looks at agile working in the public sector. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

OECD report urges firms to use Big Data analytics for growth and wellbeing

OECD report urges firms to use Big Data analytics for growth and wellbeing 0

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WellbeingA new OECD report claims that organisations could be doing far more to use the data they and their employees generate to deliver a wide range of social, economic, commercial and personal benefits. In Data-driven innovation for growth and wellbeing, it suggests that  governments do more to encourage investment in Big Data and promote data sharing. The report urges countries to act to train more data scientists, reduce barriers to cross-border data flows and encourage investment in business processes to incorporate data analytics. It also claims that few companies outside the ICT sector are changing internal procedures to take advantage of data. This is particularly the case for small and medium-sized companies who face barriers to the adoption of data-related technologies such as The Cloud, partly because they have difficulty implementing organisational change due to limited resources.

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Big Data set to transform facilities management, claims report

Big Data set to transform facilities management, claims report

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Big DataA new report available at www.researchandmarkets.com claims that the facilities management sector is set to become one of the main beneficiaries of Big Data Analytics, despite the fact that it is ‘not traditionally known as a high-tech industry’. The authors of the report, Big Data Analytics in Facilities Management claim that Big Data analytics (BDA) is ‘a powerful driver for change in business and operational models to enable better informed, smarter, and faster decisions…and leaders of integrated facilities management are at the forefront of exploring trends, technologies, and wider opportunities in pursuit of greater business value. The report mentions firms such Accenture, Google, Microsoft and Planon to show the impact of Big Data on intelligent facilities management.

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Big data not trusted by executives if it conflicts with their beliefs and instincts

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Big dataThere were a number of themes that ran through the Workplace Strategy Summit that took place in Reading this week. One of the most talked about was Big Data and its influence on decision making. The consensus appeared to be that data should not be the sole determinant of decision making, even though it can give people the reassurance they are doing the right thing, and even a scapegoat when things don’t go as the data might suggest. So in some ways it’s reassuring to hear that executives around the world are more than happy to ignore data when it goes against their instincts and beliefs. A study from the Economist Intelligence Unit which examined the approach business leaders take to decision making, found a clear pattern in the way executives use and perceive data and analytics, especially the fact that they do not trust it if it counters their own insights and the majority will reanalyse information that conflicts with them.

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‘Big Data’ is shaping the human experience within buildings

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Empire State Building

As the cost of implementation comes down, the same “Smart” technology that is harnessing the predictive power of “Big Data” to help solve congestion problems in cities is being more routinely deployed in buildings. The Changing Face of Smart Buildings: The Op-Ex Advantage, published by Jones Lang LaSalle, explains how bringing a Big Data analytics-based approach to facilities management can increase employee comfort, engagement and productivity; whether helping organisations adapt more readily to supporting flexible workplace practises or using sustainability as a hook for engaging employees. In one notable example; by adding smart building components to a major Empire State Building energy refit, real-time energy displays enable tenants to better monitor and control their energy consumption, and even compete with other tenants in the landmark building to achieve energy savings. More →

Interview: Dave Coplin of Microsoft on Big Data, engagement and culture

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Microsoft Thames Valley 1Dave Coplin joined Microsoft in 2005, and is now its Chief Envisioning Officer, helping to envision the full potential that technology offers a modern, digital society. He is a globally recognised expert on technological issues such Cloud computing, privacy, big data, social media, open government, advertising and the consumerisation of technology and is the author of a recent book called “Business Reimagined: Why work isn’t working and what you can do about it”. He is also one of the main speakers at this year’s Worktech conference in London on 19 and 20 November. In this exclusive interview with Insight he offers his thoughts on the lack of engagement between firms and employees, the most common misunderstandings about flexible working and the challenges facing managers in IT, FM and HR.

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Bored and distracted employees are biggest data security risk

Bored and distracted employees are biggest data security risk 0

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Employees who become distracted at work are more likely to be the cause of human error and a potential security risk, according to a snapshot poll conducted by Centrify at Infosec Europe in London this week. While more than a third of survey respondents cite distraction and boredom as the main cause of human error, other causes include heavy workloads, excessive policies and compliance regulations, social media and password sharing. Poor management is also highlighted by 11 percent of security professionals, while 8 per cent believe human error is caused by not recognising their data security responsibilities at work.

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