Wednesday, November 10, 2010

The Data Analytics Boom, in Forbes

Well, if it's in Forbes, it must be true.

Why analytics is taking off right now:
  1. Total Quality and Six-Sigma taught statistics to engineers.
  2. Goldman Sachs made mad money with statistical finance. This is a good read.
  3. There's a crap-load of data available now. 2 exabytes a day of new data, though frankly it's mostly cat videos and Bieber tweets.
  4. Cheap computers, cheap cloud computing, and good open source software like R and RapidMiner
  5. read more below...

Frankly, I think Competing on Analytics had a fair amount to do with it, as did the million dollar Netflix Prize.

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