Over the long-run, is cloud computing a waste of money? Some startups and other “asset lite” businesses seem to think so. However, cloud computing for specific use cases, makes a lot of sense—even over the long haul.
Technical skills and programming languages come and go, usually replaced by the next big thing. But communication skills never go out of style, especially in terms of analytics success.
The Tampa Bay Rays spend significantly less on payroll than some of the wealthier teams in Major League Baseball, but get results that are sometimes better than those that wildly overspend. Their success boils down to two things – understanding how to be a hedgehog, and continual application of statistics and analytics into daily processes.
For every successful “Big Data” case study listed in Harvard Business Review, Fortune or the like, there are many failures. It’s a problem of cherry-picking “success stories”, or assuming that most companies are harvesting extreme insights from Big Data analytics projects, when in fact there is a figurative graveyard of big data failures that we never see.
Person of Interest is a broadcast television show on CBS where a “machine” predicts a person most likely to die within 24-48 hours. Then, it’s up to a mercenary and a data scientist to find that person and help them escape their fate. I have taken the liberty of framing some components that could be part of such a project. Can you help discover more?