Why Businesses Should Take Charge of Their Big Data Skills Needs

Why Businesses Should Take Charge of Their Big Data Skills Needs

For the last few years, businesses all over the globe have been racing to incorporate big data systems and solutions into their processes and operations. That has increased demand for workers with the skills to operate, maintain, and expand those systems to levels not seen in other professions in decades, if ever. All the while, the global education system has been slow to adapt to the growing need, creating a severe shortage of qualified workers in the labor pool.

Part of the problem is that the field of big data encompasses so many skills that it's difficult for today's students to decide which subset offers them the best chance for a long and rewarding career, and which will be phased out as newer technology continues to emerge. For businesses, that reality means that it's not going to be possible to rely on the general labor pool to supply them with the talented individuals they will need to power their businesses into the future. Instead, they're going to have to take matters into their own hands, and do whatever it takes to secure the talent they need. Here's how they can do it.

Training to Suit

Any business that's making big data a centerpiece ...


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Is the Age of Hyper-Consumerism via Big Data and AI Eminent?

Is the Age of Hyper-Consumerism via Big Data and AI Eminent?

It's not difficult to imagine a world where algorithms offer us the services and products we need before we realise we need them. We have already placed our collective foot firmly in that door with data collection algorithms that amass and sort information at speeds that would make a Rolodex burst into flames, yet we're still on the brink of pushing into the realm where AI takes advantage of our existing data collection to give another shot in the arm to our already consumerism-focused society.

How unrealistic is it to think automation might be the spark that ignites a cultural flame?

The Marketing of Big Data

Tying the needs of the consumer to buying patterns and spending habits are starting to feel like old hat, but there's still plenty of room to expand as big data takes over retail and tracking the consumer's dollar. No matter where a transaction takes place, automation ensures an extra line of information is neatly filed away into a customer profile whether it's in person or over the internet.

This data is more than just a collection of ads waiting to be served, however; It's the very heart and soul of automation and artificial intelligence as a whole. Without ...


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The Big Data Skills Gap Isn’t As Big As You Might Think

The Big Data Skills Gap Isn’t As Big As You Might Think

A few years ago, mentioning the term big data, even within industry circles, was more than likely to elicit some quizzical stares. In 2018, it's hard to find a business that isn't already deeply immersed in the technology. That's emblematic of a field that has exploded in popularity worldwide, and that continues to grow exponentially with each passing day. It has been good news for industries of every kind, and a boon to qualified big data professionals, too.

Although there's been a huge surge in demand for big data skills in the job market, there hasn't yet been a corresponding surge in training to meet that demand. That has led to a much-discussed "skills gap" in the big data field that has caused no small amount of hand-wringing by industry analysts. The disparity in the number of available positions compared to the number of qualified applicants has even spurred a massive surge in demand for contractors that have the skills to serve as a stopgap for talent-starved companies.

The news on the hiring side isn't all bad, though. There's been some recent data to suggest that the skills gap is beginning to narrow, and it appears that the educational industry has finally ...


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Two Overlooked Factors Cryptocurrency Newbies Need to Pay Attention To

Two Overlooked Factors Cryptocurrency Newbies Need to Pay Attention To

Words and terminology are sometimes created to better understand a particular world. Cryptocurrency created a whole new financial world and with it came a number of terms like 'market cap.'

The important thing is not to let the mystery of these words intimidate investors, especially newcomers. The market cap refers to the amount of Fiat monies supporting a cryptocurrency. Remember that fiat money comes in many forms like GBP or USD to name a few worth knowing.

It is easy to get fixated on the price of a single coin, especially as a newcomer. The following are two factors that are sometimes overlooked by investors but are pretty important.

Paying Attention to the Market Cap

Too often, a person will attempt to convince investors that a coin can reach a specified amount without taking into account how vital the market cap can be.

Say a coin was worth $2,000 and its coin supply stood at 16.4 million. Then, its supply was spiked up to 164 million. This means that the price of the coin is going to drop to $200, which would be a real shame.

Investors are sometimes enticed by the price of the coin and its potential for growth without detailing the cryptocurrency market ...


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Long-Term Blockchain Stability in a Speculator’s Market

Long-Term Blockchain Stability in a Speculator’s Market

Back when Bitcoin was first launched, it was met with a wide range of reactions. Some were hopeful for the future of cryptocurrencies and the potential for future development in blockchain technology, assuming the digital currency spurred enough interest to drive more eyes and development dollars to various projects. At the opposite end of the spectrum were those initially doubtful of the potential success of this approach to decentralised potential wealth to the point of parody. Dogecoin was initially launched as nothing more than a joke meant to poke fun at the apparent insanity of a currency backed up by nothing but public faith.

The Surprise Rise of Cryptocurrency Value

Five years later, Dogecoin is now collectively worth several billion dollars. What started off as a jab at cryptocurrency has begun raising questions about the future of blockchain technology in the public eye. At some level, most any cryptocurrency will hit a point of some infinitesimally small value over time. Hitting a penny per share is slightly more unusual, let alone a combined total value higher than the GDP of some extremely small countries.

Speculation and investing into currencies on the off-chance they rise in value in a way not unlike Ethereum or ...


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How Big Data is Improving Jewellery Business Efficiency and Marketing

How Big Data is Improving Jewellery Business Efficiency and Marketing

Did you know that in today's digital world, over 2.5 zeta bytes worth of data is already in existence? It's no wonder the term 'big data' is becoming one of the latest buzzwords in the technology world, referring to huge data volumes that flood a business on a daily basis – in structured and unstructured formats.

Thanks to the digital revolution, over 5 billion people globally are using their smartphones to text, call, tweet, and browse. Thus, volumes of data are now presently available for both individuals and businesses. Some companies including Walmart have reported dealing with about a million customer transactions per hour, providing the business with over 2.4 petabytes of data.

Recent statistics also estimates that by 2020, every person will be in a position to create 1.7 megabytes of data per second. This data growth shows that we are not only living in a data-driven world but that the world in future will increasingly become more data-driven. As such, businesses can potentially mine and analyse big data for insights that can lead to informed decisions and strategic business moves.

Benefits of Big Data in Today's Business Organization

We all know the essential role that data plays in a business organisation. The ...


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