Category Archives: Big Data

GE Sees Doubling Software Hires as Big-Data Sales Outlook Rises

General Electric Co. is hiring twice as many programmers and engineers as originally planned for its software development hub near San Francisco after sales of new data analysis services exceeded the company’s expectations. Employment will reach 800 workers at the facility, where GE is crafting computer programs that can distill data collected from jet engines, locomotives and wind turbines, according to Bill Ruh, the executive leading the initiative. Sales of the first 10 applications designed at the center have reached $290 million this year, Ruh said. “We’re way ahead of where we thought we’d be in terms of offerings, and we’re very happy with the revenues as well,”

via Information Management.

Down-To-Earth Value From Big Data

Big data is an exciting idea, but I find little agreement about what the phrase means in concrete terms, and how to make use of it. Could big data be the next nanotech, a field that was hyped enormously in the last decade but produced disappointing practical value? (I concluded that nanotech is basically the 21st century name for the mature science of chemistry.) Or is big data more like the PC or the smartphone, platform technologies that unlocked huge user value and a stream of valuable innovations?

First, what does big data mean? Here’s my try at a definition. “Big data” is a set of technologies that enable collection and analysis of very large data sets that yields valuable results, commercially or otherwise.

via Forbes.