The rise of data science in the last decade has been driven by the ease of access to deep data and significant reductions in the costs associated with processing it. These days anyone with a credit card can now setup a cloud-based data warehouse and tracking system within minutes, but

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Data mining is everywhere, but its story starts many years before Moneyball and Edward Snowden. The following are major milestones and “firsts” in the history of data mining plus how it’s evolved and blended with data science and big data. Data mining is the computational process of exploring and uncovering patterns

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Data lakes are based on a simple idea: You can store and analyze massive amounts of raw data at scale. But why data lakes? Here are five reasons why IT leaders are excited about this idea: Unfortunately, lots of companies end up with a data swamp instead of a data

The post The Data Lake: A Reservoir or a Swamp? It Depends on Your Approach appeared first on Dataconomy.

Everyone in the data chain has to worry about the question of ethics and security. Individuals want to protect their data. Companies and researchers want to learn from it. Big data, like many other emerging areas of technology, suffer from very real ethical problems. Regulations, governing bodies, and even general

The post Social Data Gets Sticky: The Ethics of Big Data in Research appeared first on Dataconomy.

You know who you are. You’re a Data Scientist. In interview rooms across the world, fat cat executives are pushing contracts under your noses with extortionately high numbers on them. What a time to be one of a few doing backstrokes at the world’s most exclusive pool party, right!? What

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Amusement parks are big. Rides cost several million dollars, and operators need to keep track of thousands of visitors every day. Big data may be just the solution amusement parks have been looking for, but it won’t be an easy transition. From updating data practices and hardware to convincing customers

The post Three Times Big Data Made Amusement Parks Better appeared first on Dataconomy.