article thumbnail

Uncovering Innovation in China’s Liquid Bandage Market with Big Data

Yet2

yet2 employed their proprietary Big Data approach to quickly ingest and analyze thousands of data points across their database of 5,000+ CMOs, reducing the analysis time from months to days. yet2 ’s Big Data analysis was crucial for matching this information to the China CFDA database.

article thumbnail

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.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

How Big Data Will Influence the Insurance Industry

InnovationManagement

Although the advent of Big Data stands to benefit several industries, the insurance sector has a clear advantage in terms of leveraging technology to benefit not only its bottom line but also its customers.

article thumbnail

Big Data: get to know your customer to generate more business

mjvinnovation

In this context, Big Data provides important data about customer behavior. Big Data refers to data that grows unstructured and exponentially in the world and is driven by three factors: volume, variety and data rate. ” Guide the management and implementation of Big Data.