Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Netflix’

The Business Case for a Data Refinery

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: Scientific American

Crude data is similar to crude oil—in its raw form, it’s usually too messy to be useful

The Business Case for a Data Refinery

The Economist has proclaimed that data is „the oil of the digital era.” Data will be for the 21st century what oil was for the 20th century—an enabler of new technologies, new products and new businesses. Data will be a focal point around which the economy, society and politics will organize. It is the clean new resource of the future, with undiscovered potential.

But, turning oil into something valuable has always been a complex process. Oil is crude when it comes out of the ground and needs to be cracked at a refinery to turn it into something useful.

Data is similar. In its raw form, it’s usually too big, too messy, and lacks structure. To solve this problem, imagine the concept of a “data refinery”— a software platform that pulls in huge datasets, finds patterns in that data and makes predictions. The data refinery is the missing link between gathering data and extracting value from it. Den Rest des Beitrags lesen »

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2018 will be the year that big, incumbent companies take on big tech

Posted by hkarner - 7. Januar 2018

Date: 04-01-2018
Source: The Economist: Schumpeter

Conventional firms have at last got their technology act together

ACCORDING to Ginni Rometty, IBM’s boss, the digital revolution has two phases. In the first, Silicon Valley firms make all the running as they create new markets and eviscerate weak firms in sleepy industries. This has been the story until now. Tech firms have captured 42% of the rise in the value of America’s stockmarket since 2014 as investors forecast they will win an ever-bigger share of corporate profits. A new, terrifying phrase has entered the lexicon of business jargon: being “Amazoned”.

The second phase favours the incumbents, Ms Rometty believes, and is starting about now. They summon the will to adapt, innovate to create new, digital, products and increase efficiency. The schema is plainly self-serving. IBM is itself fighting for survival against cloud-based tech rivals and most of its clients are conventional firms. Yet she is correct that incumbents in many industries are at last getting their acts together on technology.

Enough time has elapsed for even the dopiest to see the threat. It is 11 years since Netflix began streaming video and five since Tesla unveiled the Model S. The evisceration by tech firms of some mid-sized businesses, such as department-store retail, has concentrated minds. Lagging share prices have helped. In 2017 Ford fired its boss, Mark Fields, despite near-record profits. Its board concluded he was complacent about technological change. Den Rest des Beitrags lesen »

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