Monday, January 13, 2014

Trend #3: From Schema-Constrained to Idea-Constrained, The Real Big Data Opportunity

From my many travels and conversations in 2013, I've synthesized four primary trends that I believe
will make 2014 a transformative year for reporting and analytics.  Think of this as my travel log and diary distilled into a short, easily readable series of blog posts.  I invite you to follow this short series through my first and second installments and now my third below. Your comments and ideas will surely help shape not only my perspective on the future of reporting and analytics, but Jaspersoft's product priorities as well.  I look forward to the on-going dialog and I thank our customers and partners for their business and partnership, which mean everything to us.

Trend #3:  From Schema-Constrained to Idea-Constrained, The Real Big Data Opportunity

In the past (and too often today), we collected just the data that we could afford to store and for which we had a clear, known use.  In this sense, we were hard-wired to winnow the data down to its most obvious and practical subset; thus, we were (and are) schema-constrained. By this I mean that today we must know, in advance, the uses for data as they are being captured.  This mindset leaves little-to-no room for future, latent value that may exist within a data set.  In physics, we recognize that energy has an immediate value (kinetic) and a future value (latent).  Why should data be any different?  

As costs have declined and the power of technology has increased exponentially, we now have the ability to store and use ALL of the data, not just some of the data. But, we may not always know the value of this data while it is being captured.  That’s okay.  The latent value of data will become more obvious each year and the technology now exists for this to be the norm.  In this sense, the real big data opportunity is based on the scale of our ideas to put data to work, finding new correlation and value where it previously was not discernible.  

Unlocking this new value becomes easier as the world is increasingly digitized; that is, we now regularly put very new data types to work:  geo-position / location, sensor updates, click streams, videos and pictures, documents and forms, etc.  Just a few years ago, almost none of this would have been considered “data”. Commonly using all these new data types and searching for correlations that can positively impact business will shift the primary constraint to the quality and quantity of our ideas.  

Perhaps my favorite example of latent data use is the world’s first consumer light field camera from Lytro.  The Lytro camera captures and processes the entire light field (11 million rays of light, to be precise).  This allows every shot to be filtered and viewed from any perspective, after the shot, allowing the user to later uncover what the best focus, angle, and zoom, might yield.  Lytro refers to the result as a “living picture” with a 3-dimensional feel.  What a beautiful use of big, latent data.

In 2014, we’ll move from being schema-constrained to idea-constrained, more often finding the real value in Big Data.

4 comments:

  1. Your car could be stolen if you don't remember this!

    Consider that your car was taken! When you visit the police, they inquire about a particular "VIN decoder"

    A VIN decoder is what?

    Similar to a passport, the "VIN decoder" allows you to find out the date of the car's birth and the identity of its "parent" (manufacturing facility). You can also find out:

    1.The type of engine

    2.Automobile model

    3.The DMV and the limitations it imposes

    4.The number of drivers in this vehicle

    You'll be able to locate the car, and keeping in mind the code ensures your safety. The code can be examined in the online database. The VIN is situated on various parts of the car to make it harder for thieves to steal, such as the first person seated on the floor, the frame (often in trucks and SUVs), the spar, and other areas.

    What happens if the VIN is intentionally harmed?

    There are numerous circumstances that can result in VIN damage, but failing to have one will have unpleasant repercussions because it is illegal to intentionally harm a VIN in order to avoid going to jail or calling the police. You could receive a fine of up to 80,000 rubles or spend two years in prison. You might be held up on the road by a teacher.

    Conclusion.

    The VIN decoder may help to save your car from theft. But where can you check the car reality? This is why we exist– VIN decoders!

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  2. Для возможности получить право рулить погрузчиком, необходимо пройти качественное обучение и хорошо сдать экзамены, подтверждающие знания в данной области. Удостоверение тракториста-машиниста предоставляется в Гостехнадзоре и обязательно для тех, кто задумывает трудиться на специальной технике - получить права на погрузчик

    ReplyDelete