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Posts from the ‘Big Data’ Category

15
Apr

Domo – The Hot New Visualization Stealth Startup


Domo seems to be hottest emerging company in the visualization, BI and so-called “Business Management Platform” area.  I have been seeing it at several clients recently.

According to their pitch.. “Domo is the future of business management.  For all the trillions spent on technology solutions, the way we do business still feels pretty painful. Data lives everywhere. Insights arrive too slowly. Collaboration is still wildly inefficient. Until now. Domo puts the right information, at the right time, into the hands of the people that actually use it to collaborate and make decisions. And it’s transforming the way people manage business.”

Domo grabs live business data from some 300 different sources — Salesforce, NetSuite, Twitter and Facebook included — and presents the data in a live interactive dashboard that can be customized and mixed and matched in all kinds of ways.

A screenshot of is shown below (courtesy of Recode).

domo_screenshot

 

Given the 2 bln valuation and growing hype, I have been struggling to figure out what Domo does that Tableau Software can’t do.  Domo claims to bring the business and all its data together in one intuitive platform. Doesn’t every BI and Data Visualization platform do this? Domo claims to be developed hundreds of proprietary connectors (traditional data sources and cloud based) that connect directly to any source of data across your entire organization, and bring it into one intuitive platform.  Again so does everyone else.

Recode explains this in the following manner…”Domo is not just an application but a platform, which means that if there’s some specialized business app that Domo hasn’t connected to yet, you can now start building your own connections to it and bring that data in. Those individual sections of data in the shot above are called “cards,” and you can rearrange them and add new ones to your view all the time. But if you need a special card that combines a few different bits of data and which hasn’t already been built, Domo today announced a feature it calls Card Builder that lets you create your own.”

You can be the judge and jury on how novel all this is.

Notes and References

1. Domo have been valued at 2 Bln and raised a round of 200M.

2. List of Domo Connectors

Domoconnectors

22
Dec

2015 Year in “PreReview” in Technology


The summer of 2015 marked the release of the blockbuster Sci-fi movie, tEREUy1vSfuSu8LzTop3_IMG_2538“Terminator Genisys,” which grossed a record $350 million at the box office and further popularized the notion of time travel. In addition to sequels and prequels, Hollywood has now adopted plots for movies in which the audience can choose among alternate storylines and follow them to their logical conclusion. The future, as we know it, is plural. This year in our PreReview of 2015, we once again present a few alternative scenarios for the future from our vantage point at the end of 2014.

New business models created by emerging technologies and unforeseen partnerships dominated the headlines in 2015.  Trending technologies such as the Internet of Things approached half the level of big data during 2015. Trending terms in the mainstream media such as drones and Bitcoin scored high in Google trends.

Here are three headlines from 2015 that caught our attention.

FedEx launches “parcelopter” service for 50-minute delivery  Read more »

2
Jun

Apple’s HealthKit vs. Google Fit – Wellness Platforms powered by big data and analytics


mobile-applicationsGame on….I think we just witnessed a next generation leap in Healthcare Wellness (powered by Data and Predictive Analytics).  Apple jumped into the health information business on June 2 2014, launching both a new health app (Health) and a cloud-based health information platform with IOS 8 (HealthKit). This was followed by Apple Watch, (Watch launch in September 10, 2014), an intelligent health and fitness companion.

Google followed with Google Fit on June 25. Fit is a set of APIs that will allow developers to sync data across wearables and devices. Google Fit is the equivalent of Apple’s HealthKit.  Google didn’t announce an equivalent of Apple Health app.  It is expecting its ecosystem of Android partners to innovate with apps. Google also might be taking a different approach with Fit aligned with Android Wear SDK which extends the Android platform to a new generation of wearable devices.

The connected health and wearable devices market has a multitude of participants, including specialized consumer electronics companies, such as Fitbit, Garmin, Jawbone, and Misfit, and traditional health and fitness companies, such as adidas, Nike and Under Armour. In addition, many large, broad-based consumer electronics companies either compete in fitness market or adjacent markets, including LG, Microsoft, and Samsung.

connectedHealth3

Trends Driving the Market

Several trends are driving the growth of the health and fitness market:

  • Individuals and employers are increasingly focused on health and fitness. A variety of factors, such as changing consumer lifestyles and demographics, combined with rising healthcare costs and employers’ increased emphasis on productivity, are leading individuals and employers to increasingly focus on health and fitness. Consumers spent over $200 billion in 2014 on health and fitness services, such as gym and health club memberships, commercial weight management services, and consumer health products, such as weight management products and dietary supplements. In addition, IBISWorld estimates that the corporate wellness industry will grow from $7.4 billion in 2014 to $10.4 billion in 2018 in the United States.
  • Advances in technology have enabled the emergence of connected devices. Recent technological advances in sensors, lower power components, and longer-life batteries, combined with the introduction of wireless standards, such as Bluetooth low energy, have enabled the emergence of connected devices that are smaller, more power-efficient, track a broader range of biometric data, and fit a wide range of consumer preferences.
  • Mobile devices have become the preferred platform for accessing information. Mobile devices have become the preferred platform for people to access information and manage their lives, as well as the primary hub to connect a variety of consumer devices. According to Gartner, by 2018 more than 50% of users will go to a tablet or smartphone first for all online activities.
  • More individuals are turning to technology solutions to improve health and fitness. Individuals are increasingly using mobile apps and other software to improve health and fitness, allowing consumers to directly manage and track their health and fitness in unprecedented ways. According to The NPD Group, over 25% of U.S. consumers reported using a fitness app on their smartphone.

The End-Game: Driving Better Outcomes

Read more »

13
May

Cloud-based Healthcare Analytics and Decision Support Solutions


CostTransparencyThe old playbook no longer works. Everyone acknowledges that U.S healthcare is broken.

Technology (preventative apps like Apple Health and HealthKit; EHR, claims and reimbursement analytics; Physician Practice management etc.)  will reinvent healthcare as we know it.  I expect the  healthcare transformation to start incrementally and develop slowly in sophistication.  Though the early changes will appear clumsy and underwhelming, by 2030 they will seem obvious, inevitable and well beyond the changes we might envision today.

Why change? Consider this:

  • Honeywell, a Fortune 100 technology and manufacturing company, needed to manage the ever-escalating cost of insuring its 130,000 employees and their dependents. Honeywell has reported that health care costs were growing approximately 8-10% per year.
  • Self-insured employers like Wal-Mart want to make health care cost and quality information available to their 1.2 Million employees.  Useful information that can be used by employees to select physicians based on how their rank, or how much they cost, resulting in savings for both the employee and the employer. Decision support enabler.

Historically, employers like Honeywell, Wal-Mart and their employees have not had access to comprehensive  information about the cost and quality of care as they evaluate benefit designs across multiple health plans and treatment options.

In some cases, U.S health care providers and other market participants have actively resisted efforts by employers and others to obtain information about the costs and quality of health care services. Why? because opaqueness means money.  UCSF researchers uncovered an enormous discrepancy in what different hospitals charge for the same procedure, ranging from a low of $1,529 to a high of $183,000. The median hospital charge was $33,611. The startling cost variation illustrates an inefficient system.

Despite this resistance, the health care industry generates extensive data that is relevant to determining the cost and quality of health care services. These data reside in myriad formats and disparate databases, without a common infrastructure, and have therefore been of limited value to employers and employees in controlling costs and improving outcomes.

In many cases, information relating to health care services has restrictions on its use, such as contractual agreements that some health plans and providers have historically entered into to not disclose price information. These factors make it challenging for employers and employees to use these data for the purposes of measuring cost and quality and making informed decisions. Read more »

12
May

Consumerism, Health Exchanges, and Payor Big Data – A Primer


EmployerRequirementsHealthcare Benefits are the 2nd costliest line item for companies in the U.S. So, companies are taking aggressive steps to reduce this spend. Consider this:

  • IBM is moving to a private health exchange…Extend Health private exchange will be handling plan options for 110,000 IBM retirees
  • Walgreens is moving employees to a Corporate Health Exchange. Of the 180,000 Walgreen employees eligible for healthcare insurance, 120,000 opted for coverage for themselves and 40,000 family members. Another 60,000 employees, many of them working part-time, were not eligible for health insurance.
  • Trader Joe’s  — decided to send some employees to the new public exchanges. Trader Joe’s has left coverage for three-quarters of its work force untouched but is giving part-time workers a contribution of $500 to buy policies. Because of the employees’ low incomes, the company says it believes many will be eligible for federal subsidies to help them afford coverage.
  • Time Warner will direct retirees to an exchange to get health coverage

For the past year I have done strategy and implementation work in the employee Healthcare benefits and Private Exchange area.  I wanted to share my insights into the massive structural changes taking place in health insurance. The move to patient-centered, consumer-driven, and value-based models is real.

Employee Health insurance in the U.S. is at the cusp of a major transition from an employer-driven payor model to a model directly involving many more employees and consumers.  Private health insurance exchanges with a defined contribution approach represent a significant step in this journey. Also some clever risk shifting strategies are emerging where employers are moving part-time workers onto public exchanges.

The market size is enormous.  Healthcare spending is forecasted to be ~$3.1 trillion in 2014, with $620 Bln of this paid by U.S. employers.  In 2013, employers contributed 32% more in health care expenses than 2008.

Read more »

10
Mar

Fan Engagement and Wearables: Disney MyMagic+


MagicBandA satisfying experience is the driver of any business’s revenue growth. Disney Theme Parks is no exception. Disney is executing a guest (and fan) personalization strategy leveraging wearables (and analytics) to track, measure and improve the overall park experience. The goal is increase sales, return visits, word of mouth recommendations, loyalty and brand engagement across channels, activities, and time.

Wearables are the next big thing.  The new crop of gadgets — mostly worn on the wrist or as eyewear — will become a “fifth screen,” after TVs, PCs, smartphones, and tablets.

Wearables are already being used to monitoring vital signs, wellness and health. Devices like Fitbit, UP, Fuelband, Gear2 track activity, sleep quality, steps taken during the day. Consumers of all sorts — fitness buffs, dieters, and the elderly — have come to rely on them to capture and aggregate biometric data.

What most people don’t understand is how powerful wearables (coupled with  analytics) can be in designing new user experiences.  Businesses thrive when they engage customers by creating a longitudinal predictive view of each customer’s behavior. To understand the wearables use cases and potential we did a deep dive into a real-world application at Disney Theme Parks.

Wearable Computing at Disney: MyMagic+

Read more »

4
Mar

Big Data Performance Anxiety and Data Grids


In Memory Data Grid (IMGD) is a data structure that is being increasingly The Gridcited as a solution to the problem of scaling big data applications. Unlike in-memory applications, IMGDs distribute only the data across RAM over multiple servers.  With memory prices continuing to fall and the volume of data for an application continuing to rise, solutions based on memory are looking more attractive to manage the performance bottlenecks of applications using Big Data. Should IMGD be on your radar screen for a Big Data application?

In order to understand this and other questions on IMGDs, Carpe Datum Rx spoke to Miko Matsumura, VP of Marketing and Developer Relations at Hazelcast, who has seen recent adoption of this technology in banks, telcos and technology companies. Here is an extract from our discussion.

Why is it so important to distribute data in a data grid? Why should it be In-memory?

Read more »

24
Feb

Security Analytics – Big Data Use Case


Another day, another data breach.  Just received another “We’re sorry you got hacked”…letter.  

This is the fifth letter I have received in the past 3 months:  Forbes.com, Target, Neiman Marcus, credit card company and a previous employer.  What is going on?

Why aren’t firms investing in beefing up their predictive ability to spot the cyber-security intrusion threats? What’s taking them so long to identify?  Why is the attack signature – sophisticated, self-concealing  malware – so difficult to spot?   Do firms need to invest in NSA PRISM type threat monitoring capabilities?

The three impediments to discovering and following up on attacks are:

  • Volume, velocity and variety – Not collecting appropriate security data
  • Immaturity and not identifying relevent event context (event correlation)
  • lack of system awareness and vulnerability awareness

Obviously… where there is pain…there is opportunity for entrepreneurs see below – data from IBM).  There is a growing focus on big data use case for security analytics after all the breaches we are seeing.  General Electric announced it had completed a deal to buy Wurldtech, a Vancouver-based cyber-security firm that protects big industrial sites like refineries and power plants from cyber attacks.

securityanalytics3

 

Here are three recent examples that I was personally affected by – Forbes,  Target, Neiman Marcus.  

Read more »

23
Dec

2014 Year in PreReview for Big Data Analytics


In the movie “Minority Report,” set in 2054,Time Travel Tom Cruise plays the captain of the “PreCrime” police force, which uses “precognitive” abilities of mutants to stop crime before it happens. Silicon Valley futurists have sometimes used this reference in the context of the art of the possible with Big Data. We have another 40 years to go to see how analytics can accurately forecast future events based on human behavior. Meanwhile, imagining the future with some level of accuracy is within our reach today.

Value creation in the data economy made headlines in 2014. While Big Data continued to be the buzzword of the year in 2014, solutions that created economic impact were center stage.  Trending terms such as “predictive analytics” and “advanced analytics” approached the levels of “Big Data” on Google Trends during the year. “ROI,” which was vaguely referenced in the last two years, became the most commonly used term with Big Data in 2014. Here is a cross-section of 2014 events.

Apple announces TopsyTV

This is their next-generation TV appliance that integrates social media engagement with the TV watching experience. Earlier in 2013, Apple acquired Topsy Labs, a reseller for Twitter content for $200M. This was followed by a series of less publicized acquisitions of social media data companies. Apple is characteristically tight-lipped about its plans for monetizing this product with advertising, but speculation is rife that Apple is poised to get a piece of the $600 billion that is spent on advertising today.

Read more »

9
Aug

Goldman Sachs – Big Data is a Disruptive Theme


Innovation Matrix

The following eight secular disruptive themes are what Goldman Sachs believe have the potential to reshape their categories and command greater investor attention in the coming years.

The Eight Themes:

  • E-cigarettes – The potential to transform the tobacco industry
  • Cancer Immunotherapy – The future of cancer treatment?
  • LED Lighting – A large, early-stage and multi-decade opportunity
  • Alternative Capital – Rise of a new asset class means growing risk for reinsurers
  • Natural Gas Engines – Attractive economics drive strong, long-term penetration
  • Software Defined Networking (SDN) – Re-inventing networking for the cloud era
  • 3D Printing – Disruption materializing
  • Big Data – Solutions trying to keep up with explosive data growth and complexity  (Industrial Big Data and Personalized Big Data)

These eight themes – through product or business innovation – Goldman claims are poised to transform addressable markets or open up entirely new ones, offering growth insulated from the broader macro environment and creating value for their stakeholders.

Goldman focuses on the impact of creative destruction – a term made famous by the Austrian economist Joseph Schumpeter, which emphasized the fact that innovation constantly drives breeding of new leaders and replacement of the old.

Read more »

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