Monday, September 28, 2015
Big Data Ducklings
In Teradata Mag: " ... Ugly Duckling or Black Swan? Big Data gives businesses the periheral vision to detect and respond to catastropic events before it is too late. ... " . Thoughtful piece, but I define black swans as those that cannot be completely predicted. So this is more like risk management, which has its own literature. If I build a portfolio of risks, and can define potential occurrences, then Black Swans are very low probability possibilities. How low? Completely unanticipated? Events that I do not have lots of data about, are by definition not 'big' data. Yes I know it is not all about 'big', which is part of the reason I do not like the term. So lets just call it data analytics under unusual contexts.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment