article thumbnail

Big Data in Open Innovation

Yet2

Using Big Data in our own scouting activities has been an investment we’ve been making over the few years. To help make this intangible concept feel a little more real, below we share just 3 examples of how we at yet2 leverage Big Data in our scouting: Starting with unique, quality datasets: avoid “garbage in, garbage out.”

article thumbnail

Propel Your Innovation Strategy into Overdrive with Big Data

IdeaScale

Big data has been a foundation of innovation ever since the first suggestion box was put out. Since then, the data set has only kept growing, until now you can filter thousands or even millions of data points. How do you effectively use big data to drive innovation? Collect Only Relevant Data.

Big Data 157
Insiders

Sign Up for our Newsletter

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

article thumbnail

How a Big Data Strategy Can Fight Insurance Fraud

mjvinnovation

At the same time, insurers have also understood that they need a Big Data strategy for various purposes. Continue reading and understand how Big Data can help insurers avoid headaches and financial damage! What is Big Data. ” Real Time Big Data. ” Real Time Big Data.

article thumbnail

Examples of Data Science projects to help you leverage results

mjvinnovation

Regardless of industry or size, organizations that want to remain competitive in the era of Big Data need to develop and efficiently implement Data Science capabilities – or risk being left behind. Do you know what Data Science is? One way to understand data science is to visualize what a data scientist does.

Data 52
article thumbnail

Automakers Must Partner Around Big Data

Corporate Innovation

Tesla has taken a lesson from Apple, Google, Facebook and Amazon, four companies that obsess about connecting pieces of data and using it to better understand their consumers and tailor their services to provide the right experience. For example, for every 5,000 miles I receive free cellular data to be used while in my personal vehicle.

article thumbnail

Automakers Must Partner Around Big Data

Corporate Innovation

Tesla has taken a lesson from Apple, Google, Facebook and Amazon, four companies that obsess about connecting pieces of data and using it to better understand their consumers and tailor their services to provide the right experience. For example, for every 5,000 miles I receive free cellular data to be used while in my personal vehicle.

article thumbnail

Automakers Must Partner Around Big Data

Corporate Innovation

Tesla has taken a lesson from Apple, Google, Facebook and Amazon, four companies that obsess about connecting pieces of data and using it to better understand their consumers and tailor their services to provide the right experience. For example, for every 5,000 miles I receive free cellular data to be used while in my personal vehicle.