Remove Cost-Benefit Remove Optimization Remove Recreation/Entertainment Remove Risk
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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

datapine

From targeted advertising, education, and already mentioned massive industries (healthcare, manufacturing, or banking), to real-life scenarios, in guest service or entertainment. Big data can serve to deliver benefits in some surprising areas. What’s the motive? And when you consider that by the year 2020, 1.7 Behind the scenes.

Big Data 244
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When models are everywhere

O'Reilly on Data

SCREENS, FEEDBACK, AND “THE ENTERTAINMENT”. In David Foster Wallace’s novel Infinite Jest , there is a video tape known as “The Entertainment.” The Entertainment” is not the result of algorithms, business incentives and product managers optimizing for engagement metrics. YOUTUBE, CONSPIRACY, AND OPTIMIZATION.

Modeling 188
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How FanDuel adopted a modern Amazon Redshift architecture to serve critical business workloads

AWS Big Data

About FanDuel Part of Flutter Entertainment , FanDuel Group is a gaming company that offers sportsbooks, daily fantasy sports, horse racing, and online casinos. Users could now assess risk, profitability, and cross-sell opportunities not only for piecemeal divisions or products, but also globally for the business as a whole.

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What I Learned At Gartner Data & Analytics 2022

Timo Elliott

First, data is by default, and by definition, a liability , because it costs money and has risks associated with it. You lose all the business context, and have to recreate it from scratch, and that can make up 80% of the effort. To turn data into an asset , you actually have to do something with it and drive the business.

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Minimizing Supply Chain Disruptions with Advanced Analytics

Cloudera

Advanced analytics empower risk reduction . Advanced analytics and enterprise data are empowering several overarching initiatives in supply chain risk reduction – improved visibility and transparency into all aspects of the supply chain balanced with data governance and security. . Digital Transformation is not without Risk.

Analytics 109