article thumbnail

Will big data solve the innovation gap?

Jeffrey Phillips

We could call this the "innovation gap". The gap is real, and it means that many companies aren't as profitable or as competitive as they'd like to be. To date, there's been some improvement but the innovation gap still remains. I never knew I needed or wanted a multi-tool until I got one for Christmas.

Big Data 170
article thumbnail

Infoxication: Why Big Data is the solution

mjvinnovation

Here, let’s reflect on Infoxication at the business level, which has to do with the concept of Big Data, as we will see throughout this article. Find out how your business can take advantage of this phenomenon and how to deal with Big Data in a profitable way and more! As you saw, the problem is a given.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real Management Applications of Big Data

InnovationManagement

Big Data has had a big impact on the competitive landscape. Wise management of time is very critical in staying ahead of the competition. Here is an analysis of some of the real management applications of Big Data:

article thumbnail

Social Networks and Big Data: the best strategy for getting to know your customers

mjvinnovation

This is because the volume of daily data produced in these virtual environments is a real gold mine for companies prepared to prospect for it. Keep reading to understand how you can benefit from the combination of Social Networks + Big Data. Social Networks: the gold mine of data. And Big Data is the tool for the job. ?

article thumbnail

Innovation and AI – A Killer Combination?

Destination Innovation

Now big data and artifical intelligence (AI) have changed the playing field. Innovations often come from seemingly random combinations. There are now software products which can scour diverse data to find promising starting points for your innovation goals. The post Innovation and AI – A Killer Combination?

article thumbnail

Big Data: get to know your customer to generate more business

mjvinnovation

In this context, Big Data provides important data about customer behavior. Big Data refers to data that grows unstructured and exponentially in the world and is driven by three factors: volume, variety and data rate. ” Guide the management and implementation of Big Data.

article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges. The need today is not to dispense with this but to link it fully up.