Data analytics is complex, and identifying patterns takes a lot of work.But data analytics is crucial for your economic success. According to IBM’s 2014 innovation survey, companies that apply big data and analytics are 36 percent more likely to outperform their data-incompetent peers in revenue growth as well as operating efficiency. IBM’s survey also outlines that outperforming companies are 79% […]
An essential factor in the data analysis process is the size of your data. At the most basic level, one can differentiate between Big and Small data. Big data contains an extensive range of variables over an extended timeframe. Such big datasets, for example, are then used to make large scale business decisions.Small data can be relevant for making day-to-day […]
When will it rain? How much grain will we harvest? Since the dawn of time, humankind’s survival has depended on the availability of accurate information. Today the number of questions we need to ask becomes more, and the answers we need to uncover in order to develop are ever more sophisticated. In the same way, the survival of modern companies […]
Data traffic According to the World Development Report 2021, global internet traffic will reach 150000 GB per second in 2022. This amount is equivalent to 1000 times the value of 150 GB per second in 2002. Connectivity When taking a closer look at data published by the World Bank, a substantial divide emerging between rich and developing countries becomes visible. […]
The technological transformation process shapes our lives and our society on all levels. This is shown by the sociologist Andreas Reckwitz (2017) in his highly acclaimed book “The Society of Singularities.”According to Reckwitz, there has been a fundamental change in the functioning of our society; Modern society, which existed from the age of industrialization to the 1970s, was characterized by […]