President of insideHPC Media at inside-BigData.com
Oct. 31, 2013•0 likes•1,119 views
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Big Data: What's it Really About?
Oct. 31, 2013•0 likes•1,119 views
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In this presentation from the Hurricane Electric Carrier Event, Rich Brueckner from insideBIGDATA describes what's really behind this phenomenon and why you should care.
Watch the video presentation: http://wp.me/p3RLEV-1r1
11. So what’s the Second thing?
“ In the philosophy of
decision theory, Bayesian
inference is closely related to
discussions of subjective
probability.
Bayesian probability provides
a rational method for updating
beliefs.
16. If Big Data is So Powerful,
Why can’t it predict the Economy?
The Stock Market is all about Degrees of Belief!
• The economic system is non-linear.
• Therefore, even a small stimulus can create a completely
unexpected result
• It’s a complex dynamical system where you don’t have clear
knowledge of the initial conditions or the conditions of the
stimulus.
• Big Data can can help you see averages, find the needle in the
haystack, and help identify the accurate models for predicting
what the market is really going to be doing.
18. How Big Data Got Me Here
• REACH – Measure of total audience size.
• RESONANCE – How much activity someone creates
when he/she publishes.
• RELEVANCE – How relevant someone is to a topic.
21. Case Study: Mortgage Fraud
Lexis Nexis Risk Analysis
• Developed HPCC technology - an HPC alternative
to Hadoop
• Database has 270 Million Individuals in the US Alone
• They know you’re that John Smith
• Graph Analysis spots Relationships
• Ability to spot mortgage fraud rings that were
previously undetectable
29. Big Data Companies to Watch
• Continuuity - Big Data App Server
• Lexis Nexis - HPCC Risk Analysis
• Hortonworks, Cloudera, Zettaset, MongoDB
Jaspersoft, Treasure Data, Revolution, and
Teradata
• IBM, HP, Dell, Mellanox, Intel, Nvidia and Cray
• Startups - too many to mention them all
31. Summary
Big Data is about two things:
• Money! Making More and
Keeping it
• Degrees of Belief
32. Call to Action
• Check out insideBIGDATA.com
• Buy this book:
• Big Data: A Revolution That
Will Transform How We Live,
Work, and Think
by
Viktor Mayer-Schonberger
and Kenneth Cukier
34. Call to Action
• Read this SCI-FI Original: The Observer Effect
• “A scientist seeks uses Big Data to prove the existence of God.”
• bitly.com/theObserverEffect