Remember the halcyon days of the Dot-Com era? A frothy stock market, venture capital money flowing like water and famous sock puppets characterized the exuberance of the day. One company (Boo.com) spent $188 million in just six months to create an online fashion store. And 16 start-ups spent over $2 million each for a 30 second advertising slot during Superbowl XXXIV to crow of their existence. But, all of the money didn’t matter – the mantra was all about capturing “eyeballs.”
The business theory of the day was that if you could get people to your website (the eyeballs) then somehow the money would come gushing in. You were a heretic if you questioned how that would happen. Eyeballs were a very monetizable item, so the more of them the better. Of course, we know what happened. The Dot-Com era came to a Read More »
Tags: advertising, Big Data, Cisco, dot-com, internet of things, monetization, Smart Cities, wifi
Over the past six weeks I participated in three Gartner BI and Analytic Summits in Sydney, London, and most recently Las Vegas.
I love going to these events, as they are a great opportunity to:
- Stay abreast of the latest trends through the lenses of the Gartner analysts who cover BI, analytics, data management and integration, and big data.
- Evaluate how Cisco’s Data and Connected Analytics Portfolio addresses market needs today and how we need to evolve our portfolio to meet tomorrow’s requirements.
- Catch up with many friends including Gartner analysts, industry peers and most importantly, our customers.
Let me share my takeaways. Read More »
Tags: analytics, Big Data, business intelligence, Cisco data and analytics, data virtualization
Gathering and Harvesting New Data through “The Connected Life”
The Connected Life, the digital life is steadily emerging. Today’s insurance consumers are increasingly tech savvy and want services on demand and expect them to be readily accessible anywhere, anytime. Because of this, the insurance industry and more specifically, the personal property and casualty insurance sector, is experiencing a significant period of change and opportunity. The primary change agent in this disruption is the significant amount of specific data that an insurance organization can gain for individual policyholders or prospective policyholders in this era of the Internet of Everything.
An industry steeped in tradition, legacy systems, conservative business practices and risk avoidance is now faced with the need for significant, rapid adoption of new technology accompanied by new data analytics models. This change is in-progress and data from the connected car, connected home and connected person is being gathered. The challenge facing the Insurance organization is not the data gathering, but the management, mining and “harvesting” of this expansive data. In fact, Cisco acknowledges five pillars in this space: Connect, Collect, Analyze, Decide and Apply. Focusing only on the first two areas of Connect and Collect will not provide an advantage over competitors. The key focus areas that will bring true value to insurers are Analyze, Decide, and Apply.
Put simply, a competitive advantage can be achieved by those organizations who effectively “harvest” newly gathered data from connected life solutions. Virtually all property and casualty insurance organizations with a top 100 ranking are investigating, testing, piloting or commercially deploying “Big Data” initiatives. These data gathering initiatives include connected vehicle/telematics, connected home and connected health of the individual, and further include value-added offerings for the consumer, while providing the opportunity for insurers to learn a lot about the policyholder or a prospective policyholder. Read More »
Tags: analytics, Big Data, Cisco, customer experience, digital, financial advisor, Financial Services, insurance, video
Have you used a public cloud? The experience as a developer is truly fantastic. Enter your credit card information and go. Need more resources? Click. Tear down a server and start over? Click. Want APIs for granular access to configure and automate every part of your deployments exactly the way you need them? No problem. Built-in integration with the modern tools and platforms you’re using? Of course.
Traditional IT vs Cloud
Compare that to traditional infrastructure where it takes phone calls or tickets, approvals, and many different platforms that typically aren’t integrated just to get access to servers. Automation is difficult or impossible. Moving fast as a developer just isn’t something you can do. You spend your time wrangling the infrastructure instead of building your app.
The public cloud experience for a developer is liberating. It’s easy, fast, and predictable. It helps them deliver on their promises to the business by removing any obstacles to the resources they need.
Smart companies are freeing their development teams from traditional IT models and helping them move fast by taking advantage of cloud.
Read More »
Tags: analytics, Big Data, CEO, CFO, cloud, CPO, data migration, decision makers, developers, hardware, OpenStack, private cloud, Public Cloud, ROI
Our world is rapidly connecting people, process, data, and things in ways that were unimaginable just a few years ago. The Internet of Everything (IoE) is at the heart of this transformation.
As more dark assets are “lit up,” organizations will receive an influx of valuable data that can lead to insights, knowledge, and opportunities. However, much of the data generated will be just beyond reach, frequently referred to as “dark data.” Read More »
Tags: Big Data, dark assets, dark data, Internet of Everything, internet of things, IoE, IoT, Joseph Bradley