Posts Tagged Under: Big Data

2019 in Digital Transformation

By now, digital transformation is already well under way in the vast majority of organisations, but owing to the market’s notoriously changeable winds, knowing where to invest can quickly turn into a challenge. Just last year, for example, cryptocurrencies were largely being hailed as a great unexamined goldmine, but there is now growing support that these popular technologies are significantly less secure than originally understood. And what of the case of Oracle, which is now charging Java users extortionate licensing fees?

Nonetheless, by staying well abreast of the latest technological trends, Software Planet Group believe that you can make wise decisions that will help your business stay firmly ahead of the game.

So without further ado, it is time to take a look at the year in digital transformation!

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Top Trends in the Healthcare Industry Today

Despite the fact that many businesses are still yet to fully embrace digital technology, we are living in the time of what is widely being hailed the Fourth Industrial Revolution.

Rapid advancement in fields such as quantum computing, the Internet of Things, artificial intelligence and nanotechnology are causing disruptive change to virtually every industry, and healthcare is no exception.

In fact, as one of the world’s largest and most dynamic industries — annual investment soared by as much as 26 percent last year — the healthcare sector is in a prime position to bring us some of the most exciting and life-altering applications. So as 2018 begins, let’s take a look at the trends that are starting to cast light on the future of digital medicine.

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Is Faceted Search Right for You?

During the internet’s humble beginnings, we marvelled at the capacity of search engines to quickly return relevant results. At the time, it did not even bother us if we had to click and scroll through countless pages in order to find what we had been looking for. This was because search engines were always compared to age-old libraries, as the memories of sifting through hundreds of dusty pages still festered within our minds. Ironically, perhaps, in spite of our newfound disdain for the ancient paper system, it was precisely a librarian who first conceptualised the core of faceted navigation, one of the most advanced search features in software today.

After completing his education in library science at University College London, Indian Mathematician Siyali Ranganathan took immediate steps to reorganise libraries in a more scientific manner. In 1933, he published Colon Classification, a book describing what today is hailed as the very first faceted system. Since then, Ranganathan’s creation has evolved to become a standard search feature in e-commerce websites such as Amazon and eBay, along with other internet giants like Google. Yet despite its illustrious advocates, faceted search may be used by any company wishing to help customers quickly and intuitively browse through vast quantities of data.

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So What’s Big Data Really Worth?

Over the years, the world has generated extraordinary amounts of information that can boggle even the most collected of minds. Twitter alone registered a record 500 million tweets per day in 2015, and now Amazon, the greatest provider of cloud services, is reportedly adding computing power on a daily basis that is equal to their entire capacity just a decade ago. While most companies are unlikely to produce anywhere near as much data, like sleeping dragons on piles of gold, they often go about their businesses completely unaware of the untapped potential of their files. By contrast, companies shrewd enough to tackle big data are already reaping enormous benefits.

Big data solutions enable corporations to unleash the power of their records by uncovering hidden patterns and correlations, revealing customer preferences and finding long forgotten valuable information. This is the same technology that allows Google to remind you of your trip to Majorca, and facebook to create ads tailored especially to you. The applications of big data solutions, however, extend far beyond the internet. Big data analytics is also used to predict the outcomes of elections and sporting events, warn health professionals of potential epidemic outbreaks and even improve the flow of traffic for entire communities.

 

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