Big Data Analytics - Useful, Yes, But Still Prone to Hype
Jinfo Article
8th September 2014
Abstract
Big data analytics is now starting to prove its worth in many fields, including scientific research and criminal investigation as well as business and finance. But as it becomes more commoditised, and presented as neatly packaged solutions involving big names such as IBM, Thomson Reuters and LexisNexis, Tim Buckley Owen argues that information professionals must have the courage to pass on warnings when experts believe it’s becoming over-hyped. One recent warning suggests that the sheer number and complexity of predictive analytics tools used by financial institutions can make it difficult to monitor their performance or ensure they comply with regulations, and another counsels against uncritically accepting the concept of the data lake.
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