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Will big data solve the innovation gap?

Jeffrey Phillips

For many companies, I think there is a relatively significant gap between what they actually generate as compelling new products and what they wish they generated. The gap is real, and it means that many companies aren't as profitable or as competitive as they'd like to be. We could call this the "innovation gap".

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Big Data in Open Innovation

Yet2

Using Big Data in our own scouting activities has been an investment we’ve been making over the few years. To help make this intangible concept feel a little more real, below we share just 3 examples of how we at yet2 leverage Big Data in our scouting: Starting with unique, quality datasets: avoid “garbage in, garbage out.”

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Understanding the 5Vs of Big Data

Acuvate

In order to understand at what point ‘data’ transitions into being ‘big data’, and what its key elements are, it is imperative that we study the 5 Vs associated with it: Velocity, Volume, Value, Variety, and Veracity. What is Big Data. Big data volume defines the ‘amount’ of data that is produced.

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The future interplays between design thinking, technology and AI

Paul Hobcraft

Exploring the interplay between Humans, Technology and AI for design thinking Why is design thinking regarded as so crucial to the future of innovation in a world of accelerating interplays between humans, technology and generative AI? This involves moving computing power, data storage, and decision-making to the edge of operations.

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Swiss Re Exec on Why Companies Shouldn’t Be Seduced by Big Data

Innovation Leader

Swiss Re Digital Catalyst Jerry Gupta discusses his approach to working with Big Data and AI, including why teams often fail when working with new technology.

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How to Use Big Data For Improving Driver Safety

Acuvate

This goal seems achievable with massive advancements in automotive technology and big data. Today, one of the biggest use cases of big data and advanced analytics in the automobile and transport industry is to leverage data to improve the safety of vehicles and on the road. Microsoft Azure Data Factory.

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Infoxication: Why Big Data is the solution

mjvinnovation

It was the Spaniard Alfons Cornella, a technology expert and best-selling author, who gave rise to the concept there by the early 2000s. Here, let’s reflect on Infoxication at the business level, which has to do with the concept of Big Data, as we will see throughout this article. As you saw, the problem is a given.