Today marks the 100th day of the New Year, and we’d like to take a moment to reflect on a few of the more interesting developments we’ve seen thus far in the fast-moving big data analytics arena.
1. Predictive Policing: Big data has expanded to the criminal justice system. More and more police departments are beginning to use predictive analytics to anticipate criminal activity and allocate officers. In cities, counties and states across the country, data is also being used to set bond amounts and jail sentences, removing human bias and making the process fairer.
2. Disaster Relief: Big data and artificial intelligence are being used to aid agencies in preparing for and responding to natural disasters. Regarding earthquakes, for example, data is used to monitor their frequency, and predict where they are likely to strike next through sensor technology. These tools are also helpful for locating victims of disaster and even assessing damage via social media analysis.
3. Better Banking: Data analytics is transforming bank compliance programs from manual, non-scalable projects to less expensive, automated processes. Banks are also exploiting big data by joining together structured customer feedback with social media sentiment and other unstructured data to create comprehensive customer profiles – insight that can be leveraged for product development, customized marketing and advisory benefits.
4. Medical Miracles: Big data makes it possible to identify and establish patterns in medicine that have yet to be discovered. Earlier this year, scientists in London used large data sets to map out a network of links between breast cancer cell shape and genes, providing insight into new forms of cancer treatments as well as ways of improving existing therapies.
5. Smart Manufacturing: Data analytics is making it possible for manufacturing companies to save money while enhancing collaboration and improving quality and safety. In addition, tracking devices and sensors are being used to monitor specific machinery and equipment, resulting in increased operational efficiency and profit levels.
So how will big data continue to evolve over the next 265 days? Throughout the remainder of 2017, consumers and businesses alike can expect to see their data production greatly increase, requiring them to modify certain business behaviors and practices. More companies will discover valuable tools, like our Anzo Smart Data Lake® (ASDL), for fully integrated and customizable big data management and exploratory analytic solutions. We’ll be closely monitoring the changing landscape, as well as update you on our continuing efforts in making big changes to big data analytics.
To learn more about the Anzo Smart Data Lake, download the whitepaper here.