"For more than a decade now, the fact that people have a hard time gaining actionable insights from their data has been blamed on its size." The real issue is that business people usually ignore what the data says. Wading through data takes a huge amount of thought, which is in short supply. Data Scientists are commonly disregarded by VPs in large corporations, despite the claims about being "data driven". Most corpo…
Is that what's happening at Amazon as well? As they seemingly is loosing more and more track of the "Customer Obsession" schtick.
Big data is dead
131–140 of 444 posts
Re: Big data is dead
#132"For more than a decade now, the fact that people have a hard time gaining actionable insights from their data has been blamed on its size." The real issue is that business people usually ignore what the data says. Wading through data takes a huge amount of thought, which is in short supply. Data Scientists are commonly disregarded by VPs in large corporations, despite the claims about being "data driven". Most corpo…
I used to joke that Data Scientists exist not to uncover insights or provide analysis, but merely to provide factoids that confirm senior management's prior beliefs. I did several experiments, and noticed that whenever I produced analysis that was in line with what management expected - my analysis was praised and widely disseminated. Nobody would even question data completeness, quality, whatever. They would pick so…
Re: Big data is dead
#133wow, ya think? Must have been eye opening to see all those customers with a few million rows thinking they had "Big data" huh?
Re: Big data is dead
#134I've made anecdotal observations similiar to this over the last 10 years. I work in AgTech. A big push for a while here has been "more and more more data". Sensor-the-heck out of your farm, and We'll Tell You Things(tm). Most of what we as an industry are able to tell growers is stuff they already know or suspect. There is the occasional suprise or "Aha" moment where some correlation becomes apparent, but the thing a…
Having tons of data is a Good Thing, so long as you can afford the marginal cost of gathering and managing all that data so that it's ready at hand when you need it later.
It's how you use the data that makes all the difference. If you're facing an issue you don't understand at all, don't go digging for random correlations in your mountain of data to find an explanation.
Think like a scientist: you need a valid hypothesis first! Once you have a hypothesis about what your issue might plausibly be, then you make a prediction: "If I'm right, I suspect our Foobar data will show very low values of Xyzzy around 3AM every weekday night". Only then do you go look at that specific data to confirm or refute the hypothesis. If you don't get a confirmation, you need to go back to hypothesizing and predicting before you look again. You can't prove causation by merely correlating data.
Re: Big data is dead
#135Earlier quoted context omitted.
I used to joke that Data Scientists exist not to uncover insights or provide analysis, but merely to provide factoids that confirm senior management's prior beliefs. I did several experiments, and noticed that whenever I produced analysis that was in line with what management expected - my analysis was praised and widely disseminated. Nobody would even question data completeness, quality, whatever. They would pick so…
> I used to joke that Data Scientists exist not to uncover insights or provide analysis, but merely to provide factoids that confirm senior management's prior beliefs. So, a synonym for 'consultant?' :)
Re: Big data is dead
#136It seems an odd pitch in general to say, hey my product specifically performs poorly on large datasets.
Re: Big data is dead
#137Earlier quoted context omitted.
I used to joke that Data Scientists exist not to uncover insights or provide analysis, but merely to provide factoids that confirm senior management's prior beliefs. I did several experiments, and noticed that whenever I produced analysis that was in line with what management expected - my analysis was praised and widely disseminated. Nobody would even question data completeness, quality, whatever. They would pick so…
This would match what psychologists say about humans in general: we feel first, then we use our brain to justify that feeling. We’re not rational beings.
The definition of rational is being informed enough to know what said chemicals will do in the short term and long term in order to make an informed decision, but then I'm reminded we dont get taught any of the above unless we specialise at a Uni, so most people cant make any sort of informed decision.
Re: Big data is dead
#138Re: Big data is dead
#139Earlier quoted context omitted.
There are functionally less than 1000 organizations that currently require distributed compute for data analysis. You can get off the shelf AWS units with 1000 cores, terabytes of ram and storage, etc. The cost of compute has decreased faster than the amount of data we have to store and process. What we used to do with spark jobs we can do with python on a single box.
Citations please? That's a pretty bold statement to make in the face of observed reality.
Re: Big data is dead
#140Hoarding is not a winning strategy.