Instrumented Interconnecteds Intelligent

Steve Mills, IBM Senior Vice President & Group Executive, Software & Systems

By Steve Mills

The opportunities of Big Data are limitless for making business, the global economy and our society work better. The new reality is that Big Data has become one of our most valuable emerging natural resources.

This is due in large part to the economics around lower computing costs and the enormous advancements we’ve made in developing new technologies that can analyze data regardless of what kind, where it resides or how fast it is moving.

In financial services, Wall Street firms are generating five new research documents every minute. Nearly $100 billion in total sales are missed each year because retailers don’t have the right products in stock to meet customer demand. Earlier this month, the United Nations issued a report stating that the world has nearly as many cell phone subscribers as inhabitants.

These six billion global mobile phone subscribers are demanding unique and personalized offerings that match their individual lifestyles.

Applying analytics to these challenges is boosting economic competitiveness and defining new winners across business and government. Just think of a chief marketing officer who can glean valuable information on consumer sentiment from streaming social media as it happens. Using that information, the CMO can adjust marketing campaigns accordingly.

Big Data is a term that is used to describe the onslaught of information the world faces daily, and explores the growing volume, velocity, veracity and variety of data. While Big Data implies “a lot of data,” it also means being able to discern useful information from noise, trends from incomplete data, and the need to look at multiple facets of the data. 

These are exactly the types of challenges that IBM will be discussing this week at our seventh annual IBM Information on Demand and Business Analytics Forum (IOD12). The conference brings together more than 11,000 of the world’s leading experts to share insights and lessons gained by applying information management and analytics to Big Data. We’ll feature 700 technical sessions across several key tracks, 110 hands-on labs, and more than 300 client speakers exploring how Big Data is helping them gain competitive advantage.

In addition, we will introduce a series of new products and services to help clients continue to make sense of their data and use it in new and more meaningful ways. This includes predictive analytics software for healthcare providers that helps identify early intervention and coordinate patient care; a digital marketing analytics appliance for CMO’s to create more targeted campaigns; and new streaming analytics software that allows communications service providers to analyze network data 90 percent faster to reduce customer churn.

These new capabilities, combined with IBM’s newest member of the PureSystem family, PureData System, are helping businesses better meet their growing data challenges by reducing complexity and improving IT economics.

We recently released a study with Oxford University around Big Data adoption, validating these same key themes. The research showed that early adopters are gaining a competitive advantage with 63 percent of respondents citing Big Data and analytics as a competitive advantage. However, less than half are currently analyzing social media data.

Earlier this month, I had an opportunity to present a report from the TechAmerica Foundation Big Data Commission, of which I am co-chair, in Washington, D.C. The purpose of the report, entitled “Demystifying Big Data: A Practical Guide to Transforming the Business of Government,” was to provide guidance to senior U.S. policy and decision makers on the promise of Big Data and the value it can deliver to governments and its citizens.

These findings suggest that governments and businesses are taking a pragmatic approach to Big Data by first focusing on the tremendous untapped value still locked away in internal systems. This is why the market for business analytics is growing faster than the overall IT industry. IDC estimates enterprises will invest more than $120 billion by 2015 to capture the impact of analytics across hardware, software, and services.

What was clear in our findings is universal for both government and business. Combining analytics and Big Data makes it easier for leaders of all types to understand the world around them better than ever before, predict what’s likely to happen in the future, and use that knowledge to make more informed decisions.

By the end of IOD 2012, I hope we will have shared IBM’s deep industry knowledge and showcased our leadership in Big Data and analytics. We have the opportunity to help businesses, governments, healthcare systems, and educational institutions take advantage of all of the information right in front of them, and make better, more effective decisions for themselves and the people they serve.

Join in on the conversation at #ibmiod. 

Bookmark and Share

Previous post

Next post

20 Comments
 
October 20, 2014
2:37 pm

If you would like to learn more researched tips to help you cure diabetes in less than 4 weeks, please visit us now.
All of that refined sugar and flour sends
a lot of sugar (glucose) into your blood stream very rapidly.
Owing to the lack of research,There are few arguments that indicate that herbal treatments for diabetes may not be effective.


Posted by: click here to watch this youtube video
 
October 19, 2014
11:50 am

magnificent issues altogether, you simply won a new reader.
What might you recommend about your publish that you simply made a few days
ago? Any sure?


Posted by: Marguerite
 
October 19, 2014
2:44 am

An intriguing discussion is worth comment. I do believe that
you need to write more on this topic, it might not be a
taboo subject but typically people don’t speak about these subjects.

To the next! All the best!!


Posted by: Marguerite
 
October 16, 2014
9:25 am

Hello my friend! I want to say that this post is amazing, nice written and come with almost all
important infos. I’d like to look more posts like this .


Posted by: clash of clans no survey cheats
 
October 14, 2014
12:49 pm

Dust is the biggest concern when cleaning dollhouse
furniture. Amazingly, there are many wooden items which are made up of the Indian wood, but these two woods
are in demand these days. Along with elegance it also makes the room warm and welcoming for the residents as well as the guests.


Posted by: quel revetement de sol
 
October 13, 2014
7:24 am

Choice of material for making conservatory furniture would depend on a lot on factors like the customer’s budget and the ambience of
the house. Their educated, well trained sales team is able to answer
any questions you may have about furniture and interior designing.
Next think about dryer banks and how they’ll blend in within the theme of your
salon, modern versions are ever so stylish and they come in a
range of options from suppliers of Salon Furniture.


Posted by: wiko wax 4g
 
October 12, 2014
4:36 am

Professional and singer Patrick Bruel has been one of France’s biggest stars through
the ’90s, first making their name as a teen idol and leading an excellent return to traditional French chanson in the new millennium.
Bruel came into this world Patrick Benguigui within Tlemcen, Algeria, on,
may 14, 1959. His / her father abandoned a family when Patrick was merely a year old,
in addition to 1962, after Algeria gained
its independence, his mom moved to France, residing inside
Paris suburb involving Argenteuil. A good soccer player within the youth, Patrick first settled on the idea of as being a singer having seen Michel Sardou perform in 75.

As luck could have it, acting would take him his first good results;
first-time movie director Alexandre Arcady ran an ad seeking a
man with a French-Algerian (or “pied-noir” in German slang) accent for his film Le Coup
hun Sirocco. Benguigui (as having been still called) responded and acquired the business.
The next year, he spent a while in Ny city, where he found Gérard Presgurvic, later to
get his most important composer.

Source: http://goldsgames.com/profile/ca60y


Posted by: free music for you to listen
 
October 8, 2014
8:06 pm

Spot on with this write-up, I actually feel this site needs far more attention. I’ll probably be bazck again to see more,
thanks ffor thee info!


Posted by: free wizard101 crown codes
 
October 8, 2014
7:15 am

Although Diaz Godines could qualify for a special visa protection, she’s instead charged with smuggling herself.
Spencer is the founder of the American Border Patrol group based in Sierra Vista,
Arizona. Or that numerous studies have shown that the undocumented are less likely to commit serious offenses.


Posted by: Tow Software
 
September 29, 2014
8:14 pm

The major difference between having a face lift vs.
However it creates a subtle natural-looking result that doesn’t appear too overdone.

Breast reconstruction, for those who have undergone a mastectomy, as well
as cleft lip and palate surgery are common examples of reconstructive surgeries.


Posted by: Celebrity News
 
September 21, 2014
5:26 am

Still, you can get all of the things you need for doing the
h – CG weight loss protocol for around $100 or less.
There are a few things that must be identified about the HCG diet plan and consequently a single really should not start off using them without having
any assistance of the homeopathic medical doctor.
Fiber intake is extremely important, as is water
intake and having regular bowel movements.


Posted by: Best Hcg Drops At Gnc
 
September 17, 2014
2:46 am

After a quick lunch and a brief nap back at the mobile home, we resumed
fishing about three o’clock and fished all the way until dark.

If you like antiques you have to ask for help- we have many but only the
locals know where they hide. You will catch red fish, spotted
sea trout, pompano, snook, mangrove snapper, Spanish mackerel,
small black-tip sharks, small bonnet sharks, sheephead &
in cooler weather the odd king mackerel.


Posted by: 10 easy crock-pot freezer meals
 
March 29, 2014
5:31 am

This site is known as a stroll-by means of for all of the info you wanted about this and didn


Posted by: Telecharger Pokemon X et Y
 
December 19, 2013
5:43 am

Hi there! I simply want to give an enormous thumbs up for the good information you might have right here on this post. I shall be coming again to your weblog for extra soon.


Posted by: Melvina Breining
 
December 16, 2013
5:40 am

It is best to participate in a contest for the most effective blogs on the web. I’ll recommend this site!


Posted by: Waneta Detwiler
 
December 15, 2013
5:35 am

The following time I learn a weblog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my option to learn, however I really thought youd have one thing attention-grabbing to say. All I hear is a bunch of whining about one thing that you might repair in case you werent too busy searching for attention.


Posted by: Emmitt Mudra
 
October 16, 2013
11:05 am

Understanding how to analyze and utilize big data is huge – cutting computing costs and improving your understanding of the facts of your company and how to improve efficiency. What sort of data software are you using for your data center infrastructure management? That is the first step to using Big Data – collecting, organizing, and making it available via user friendly display. Great article!


Posted by: Data center management software
 
August 4, 2013
11:14 am

There is clearly a lot to know about this. I think you made some good points in features also.


Posted by: family tree
 
July 25, 2013
3:06 pm

It�s exhausting to seek out knowledgeable individuals on this matter, but you sound like you understand what you�re talking about! Thanks


Posted by: Sebrina Wendland
 
July 25, 2013
3:22 am

After study just a few of the weblog posts in your web site now, and I truly like your way of blogging. I bookmarked it to my bookmark web site checklist and will probably be checking again soon. Pls check out my web site as effectively and let me know what you think.


Posted by: Loria Schleker
 
1 Trackback
 
October 22, 2012
11:54 pm

[...] senior vice president and group executive Steve Mills explained in a blog post on Monday that big data has become a valuable natural resource “in large part to the [...]


Posted by: IBM: Big data is the new natural resource | Technology News
 
Post a Comment