For years companies have been unable to leverage the full power of Big Data for predictive analytics.
Thanks to the popularity of social media, there has been huge growth in the amount of information that’s generated about a consumer in regards to their daily habits, activities and interests. These new external data resources will be combined with enterprise data to increase the predictive accuracy of the underlying models.
With the amount of information that’s compiled every day, it’s easier than ever for businesses to leverage and use this data to address their specific business needs. And the benefits go well beyond use in traditional marketing applications. For example, the last presidential election was essentially won as a result of leveraging predictive analytics and computer modeling. Further, the energy industry alone is anticipated to spend $3.8 Billion on analytics in 2014.
According to a Reuters News report, Big Data will grow by 45 percent annually to reach a $25 billion industry by next year. That means that this year, we will see a rapid growth in the use and application of predictive analytics in businesses. Here are emerging ways in which predictive analytics will evolve and be used, for this year and beyond.
Post by Chris Matty – CEO of Versium
The NYU machine, however, is able to remain stable simply by virtue of its design.
Created by Dr. Leif Ristroph, it consists of four wings that are arranged “like the petals of a flower,” that flap at a rate of 20 times per second. When rising or falling, its motions do indeed resemble those of a pulsating jellyfish. Once hovering in place, its actions are more like those of a moth.” via Gizmag
“The system, known as Starchase, features an air cannon mounted to the front grill of a police car that fires GPS tracking units covered in a soft adhesive substance so they immediately stick to their target.
Once a pursued vehicle has been tagged, the police can stop their high-speed chase and fall back to a safe distance without losing tabs on the car. It also means the driver being pursued will slow down if they think they’ve lost the police.” via Gizmodo
The app launching today is a fairly simple affair. You fire it up, give it a few bits of information about your home and then begin scanning each room. You’re given the option to do a single or to zap the whole house at once and you’re turned loose to shoot what is essentially a series of panoramic shots of a room from the inside, culminating with a spin in the center.
Those shots are then uploaded to the InsideMaps cloud for some special sauce application. That consists of utilizing data captured by the gyroscope and magnetometer inside your device (which is why they have to be fairly new smartphones) to craft a model.
That model is then checked against a series of visual touchstones in the images. The heights of doorknobs, window sills, etc. While they do this, they’re also gathering data about the average sizes of openings like doors and more, so they can apply machine learning to improve the quality of the models down the road.” via TechCrunch
ISPIM Communication Co-ordinator
This position is aimed at a junior innovation management scholar wishing to establish a career and professional network within the innovation management community. This is a remunerated position, but of greater importance and benefit to the successful applicant is the learning and networking opportunity that the position provides within ISPIM and its network. The successful applicant will be the main executor of ISPIM Membership, Event, Services and Activity Communications/Marketing and will have direct contact with individual members & associates, associations, organisations, publications, websites and social media. The candidate will be fully promoted by ISPIM within the global innovation management community.
Applicants must be enrolled in a research-based Masters or Doctoral programme and have at least two years remaining before graduation. Working with the geographically-disbursed ISPIM team, and under the guidance of the Executive Director, the ISPIM Communications Co-ordinator will plan and execute ISPIM’s email, social media and web communications in order to fulfil ISPIM’s documented strategic goals.
More specifically, the co-ordinator will:
*establish and execute a plan for continually increasing and maintaining ISPIM’s contacts/channels & communicate this to the ISPIM team.
*establish an “overall message” for each of ISPIM’s activities, events and services, which is reflected in the choice of channel, message content, message form etc.
*develop and share with the ISPIM team a “communications calendar” partially assist the Association Administrator with event administration during the very busiest period each year (usually early-May).
Working on-site: have travel, accommodation and subsistence paid for by ISPIM to the annual ISPIM Conference. The delegate fee is also waived, of course. The candidate will be expected to help with whatever needs doing during a busy conference and will also be expected to attend sessions, present and network extensively with delegates travel, accommodation and subsistence are not paid for by ISPIM to other ISPIM events, however the delegate fee is waived.
The position is a part-time, permanent position with varying workload throughout the year and is expected to complement the candidate’s existing professional activities. The position is remunerated at approximately EUR 3000 for an estimated 30-35 days of work per year.
The candidate must (please do not apply if you do not meet these five criteria):
*have at least 2 years of experience in a professional marketing environment, be permanently resident in Europe, Eastern Canada/North-East USA, or South-East Asia/Australia .
*have previously attended an ISPIM event or be associated with an organisation that has regularly contributed delegates or members to ISPIM, be able to communicate in excellent business English, be enrolled in a research-based Masters or Doctoral programme (innovation, masters or similar) and have at least 24 months to go before expected graduation.
The ideal candidate should exhibit the following personal traits:
*be a self-starter who is capable of working independently for long periods, have excellent attention to detail and organisational and analytical skills, be able to deliver under time-pressure, and understand how to get a job done.
Please, by Friday 20th September, provide to firstname.lastname@example.org (Early applications will be favoured):
1. A standard 1-2 page C.V. that lists relevant and recent experience in positions held or education taken in the last 5 years.
2. A detailed letter of motivation and suitability that covers the following points. Please use concrete examples from private/professional life:
i. What is the connection between your current research topic/project, your professional position and ISPIM?
ii. Why would this position suit you for the next 2 years?
iii. What are your main concerns about the position/your suitability?
b. Computer use
i. What marketing/communications software/internet sites do you regularly use?
ii. What experience have you had with databases and Excel for lists? Anything else similar?
iii. What experience have you had in website design, development or maintenance?
i. List some examples of mixed-media or online marketing/communications projects that you have conducted.
ii. What training have you had in marketing and communications?
i. The position is part-time, permanent with very variable workload. How does this fit with your current lifestyle and other commitments
and needs that you have?
ii. The position requires that you are available to travel for one week every June and that you are available full-time at certain peak weeks
throughout the year. Describe how this can be ensured, given your other personal and professional commitments.
Questions and points of clarification can be addressed to Dr Steffen Conn (Operations Director – ISPIM) email@example.com
What technologies will most radically transform human life in the next twelve years?
The McKinsey Global Institute looked at more than a hundred possible candidates across a variety of technology fields and narrowed the most potentially disruptive down to a dozen. They are, in order of size of potential impact:
- Mobile Internetdefined as “increasingly inexpensive and capable mobile computing devices and Internet connectively.”
- Automation of knowledge work or “intelligent software systems that perform knowledge work tasks involving unstructrured commands and subtle judgments.” An example might be IBM’s Watson system.
- Internet of Things or “networks of low-cost sensors and actuators for data collection, monitoring, decision making and process optimization.”
- Cloud Technology or “use of computer hardware and software resources delivered over a network or the Internet, often as a service.”
- Advanced Robotics or “increasingly capable robots with enhanced senses, dexterity, and intelligence used to automate tasks or augment humans.” This category is perhaps most famously personified by the Baxter robot (profiled in the May-June issue of THE FUTURIST magazine).
- Autonomous and Near-Autonomous Vehicles.
- Next Generation Genomics or “fast, low-cost gene sequencing, advanced big-data analytics, and synthetic biology.”
- Energy Storage.
- 3D Printing
- Advanced Materials defined as “materials designed to have superior characteristics.” Much of what we today call nanotechnology would fall within this category.
- Advanced Oil and Natural Gas Recovery
- Renewable Energy
Of the above, the Mobile Internet, which could change the lives of more than 5 billion people around the globe, the automation of knowledge work, and the Internet of Things would have by far the largest economic impacts, according to McKinsey. All together, the above technologies could generate $14 to $33 trillion per year in 2025. But the authors caution that much of that growth will be at the expense of older technologies and even entire industries falling into obsolescence.
“When necessary, leaders must be prepared to disrupt their own businesses and make the investments to effect change,” the report’s authors write. “By the time the technologies that we describe are exerting their influence on the economy in 2025, it will be too late for businesses, policy makers, and citizens to plan their responses. Nobody, especially businesses leaders, can afford to be the last person using video cassettes in a DVD world.”
Based in San Diego, Calif., ecoATM (www.ecoatm.com) is the first company to create an automated self-serve kiosk system to buy back old phones, tablets or MP3 players for cash.
ecoATM uses patented, advanced machine vision, electronic diagnostics, and artificial intelligence to evaluate electronics. ecoATM’s eCycling stations provide a convenient trade-in solution that:
• Pays consumers immediately in cash.
• Connects consumers real-time to broad worldwide secondary markets ensuring best possible pricing.
• Incorporates features that validate sellers’ identities and deter the sale of stolen phones and works closely with local law enforcement.
The company secured $40 million in mezzanine debt financing from Falcon Investment Advisors LLC. ecoATM said it will use the new financing to continue expanding operations nationally.They currently have 300 kiosks in 20 states throughout the U.S., most in major malls within major cities.
“There’s still a large percentage of the country that doesn’t have access to a convenient recycling solution for their mobile phones and other personal portable electronic devices,” Tom Tullie, chairman and CEO of ecoATM, said in a statement. “We raised this money to help us deploy ecoATMs nationwide and help people recycle their old phones, tablets, or MP3 players, regardless of where they live.”
The company, founded in 2008, said they have paid out millions of dollars to users of their ecoATMs. The company repurposes most of the electronics they buy back in an effort to stop potentially hazardous devices from piling up in landfills.