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Bill Franks - Taming The Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics

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Bill Franks Taming The Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics
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You receive an e-mail. It contains an offer for a complete personal computer system. It seems like the retailer read your mind since you were exploring computers on their web site just a few hours prior.As you drive to the store to buy the computer bundle, you get an offer for a discounted coffee from the coffee shop you are getting ready to drive past. It says that since youre in the area, you can get 10% off if you stop by in the next 20 minutes.As you drink your coffee, you receive an apology from the manufacturer of a product that you complained about yesterday on your Facebook page, as well as on the companys web site.Finally, once you get back home, you receive notice of a special armor upgrade available for purchase in your favorite online video game. It is just what is needed to get past some spots youve been struggling with.Sound crazy? Are these things that can only happen in the distant future? No. All of these scenarios are possible today! Big data. Advanced analytics. Big data analytics. It seems you cant escape such terms today. Everywhere you turn people are discussing, writing about, and promoting big data and advanced analytics. Well, you can now add this book to the discussion.What is real and what is hype? Such attention can lead one to the suspicion that perhaps the analysis of big data is something that is more hype than substance. While there has been a lot of hype over the past few years, the reality is that we are in a transformative era in terms of analytic capabilities and the leveraging of massive amounts of data. If you take the time to cut through the sometimes-over-zealous hype present in the media, youll find something very real and very powerful underneath it. With big data, the hype is driven by genuine excitement and anticipation of the business and consumer benefits that analyzing it will yield over time.Big data is the next wave of new data sources that will drive the next wave of analytic innovation in business, government, and academia. These innovations have the potential to radically change how organizations view their business. The analysis that big data enables will lead to decisions that are more informed and, in some cases, different from what they are today. It will yield insights that many can only dream about today. As youll see, there are many consistencies with the requirements to tame big data and what has always been needed to tame new data sources. However, the additional scale of big data necessitates utilizing the newest tools, technologies, methods, and processes. The old way of approaching analysis just wont work. It is time to evolve the world of advanced analytics to the next level. Thats what this book is about.Taming the Big Data Tidal Wave isnt just the title of this book, but rather an activity that will determine which businesses win and which lose in the next decade. By preparing and taking the initiative, organizations can ride the big data tidal wave to success rather than being pummeled underneath the crushing surf. What do you need to know and how do you prepare in order to start taming big data and generating exciting new analytics from it? Sit back, get comfortable, and prepare to find out!

Bill Franks: author's other books


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Additional praise for Taming the Big Data Tidal Wave This book is targeted for - photo 1

Additional praise for Taming the Big Data Tidal Wave

This book is targeted for the business managers who wish to leverage the opportunities that big data can bring to their business. It is written in an easy flowing manner that motivates and mentors the non-technical person about the complex issues surrounding big data. Bill Franks continually focuses on the key success factor How can companies improve their business through analytics that probe this big data? If the tidal wave of big data is about to crash upon your business, then I would recommend this book.

Richard Hackathorn, President, Bolder Technology, Inc.

Most big data initiatives have grown both organically and rapidly. Under such conditions, it is easy to miss the big picture. This book takes a step back to show how all the pieces fit together, addressing varying facets from technology to analysis to organization. Bill approaches big data with a wonderful sense of practicalityjust get started and deliver value as you go are phrases that characterize the ethos of successful big data organizations.

Eric Colson, Vice President of Data Science and Engineering, Netflix

Bill Franks is a straight-talking industry insider who has written an invaluable guide for those who would first understand and then master the opportunities of big data.

Thornton May, Futurist and Executive Director, The IT Leadership Academy

Wiley & SAS Business Series

The Wiley & SAS Business Series presents books that help senior-level managers with their critical management decisions.

Titles in the Wiley & SAS Business Series include:

Activity-Based Management for Financial Institutions: Driving Bottom-Line Results by Brent Bahnub
Branded! How Retailers Engage Consumers with Social Media and Mobility by Bernie Brennan and Lori Schafer
Business Analytics for Customer Intelligence by Gert Laursen
Business Analytics for Managers: Taking Business Intelligence beyond Reporting by Gert Laursen and Jesper Thorlund
Business Intelligence Competency Centers: A Team Approach to Maximizing Competitive Advantage by Gloria J. Miller, Dagmar Brautigam, and Stefanie Gerlach
Business Intelligence Success Factors: Tools for Aligning Your Business in the Global Economy by Olivia Parr Rud
Case Studies in Performance Management: A Guide from the Experts by Tony C. Adkins
CIO Best Practices: Enabling Strategic Value with Information Technology, Second Edition by Joe Stenzel
Credit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors by Clark Abrahams and Mingyuan Zhang
Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring by Naeem Siddiqi
Customer Data Integration: Reaching a Single Version of the Truth, by Jill Dyche and Evan Levy
Demand-Driven Forecasting: A Structured Approach to Forecasting by Charles Chase
Enterprise Risk Management: A Methodology for Achieving Strategic Objectives by Gregory Monahan
Executives Guide to Solvency II by David Buckham, Jason Wahl, and Stuart Rose
Fair Lending Compliance: Intelligence and Implications for Credit Risk Management by Clark R. Abrahams and Mingyuan Zhang
Foreign Currency Financial Reporting from Euros to Yen to Yuan: A Guide to Fundamental Concepts and Practical Applications by Robert Rowan
Information Revolution: Using the Information Evolution Model to Grow Your Business by Jim Davis, Gloria J. Miller, and Allan Russell
Manufacturing Best Practices: Optimizing Productivity and Product Quality by Bobby Hull
Marketing Automation: Practical Steps to More Effective Direct Marketing by Jeff LeSueur
Mastering Organizational Knowledge Flow: How to Make Knowledge Sharing Work by Frank Leistner
Performance Management: Finding the Missing Pieces (to Close the Intelligence Gap) by Gary Cokins
Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics by Gary Cokins
Retail Analytics: The Secret Weapon by Emmett Cox
Social Network Analysis in Telecommunications by Carlos Andre Reis Pinheiro
The Business Forecasting Deal: Exposing Bad Practices and Providing Practical Solutions by Michael Gilliland
The Data Asset: How Smart Companies Govern Their Data for Business Success by Tony Fisher
The Executives Guide to Enterprise Social Media Strategy: How Social Networks Are Radically Transforming Your Business by David Thomas and Mike Barlow
The New Know: Innovation Powered by Analytics by Thornton May
The Value of Business Analytics: Identifying the Path to Profitability by Evan Stubbs
Visual Six Sigma: Making Data Analysis Lean by Ian Cox, Marie A Gaudard, Philip J. Ramsey, Mia L. Stephens, and Leo Wright

For more information on any of the above titles, please visit www.wiley.com.

Copyright 2012 by Bill Franks. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.

Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. For more information about Wiley products, visit our web site at www.wiley.com.

Library of Congress Cataloging-in-Publication Data:

Franks, Bill

Taming the big data tidal wave: finding opportunities in huge data streams with advanced analytics / Bill Franks.

pages cm. (Wiley & SAS business series)

Includes bibliographical references and index.

ISBN 978-1-118-20878-6 (cloth); ISBN 978-1-118-22866-1 (ebk); ISBN 978-1-118-24117-2 (ebk); ISBN 978-1-118-26588-8 (ebk)

1. Data mining. 2. Database searching. I. Title.

QA76.9.D343.F73 2012

006.312dc23

2011048536

This book is dedicated to Stacie, Jesse, and Danielle, who put up with all the nights and weekends it took to get this book completed.

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