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Top Stories by Tim Watson

Harnessing Big Data offers companies the potential to use analytics to upgrade product and service lines, adapt to consumer needs and better understand the impact of their business decisions, Mark Gerencser writes in an upcoming issue of University of Maryland, University College's Achiever magazine. But, Big Data's "big implications" for business growth are joined by pitfalls and obstacles that can work against a firm's best interests, rather than deliver improved value. To start, its a complex issue. "It is not only big volume, it's also big in variety and velocity-meaning different types of data from flat files to streaming video and at a wide range of input speeds and refresh frequencies," writes the managing partner of Booz Allen Hamilton‘s (NYSE: BAH) commercial practice and more-than-30-year company veteran. Part of navigating the complexity of Big Data and... (more)

Federal Big Data Spending Soaring

Federal agencies spent close to $4.9 billion on Big Data resources during fiscal year 2012 and that number could grow to $5.7 billion in 2014. Research firm Deltek estimates federal big data spending will grow to $7.2 billion by 2017 as agencies strive to handle ever-increasing volumes of data, E-Commerce Times reports. John Higgins writes that one initial challenge agencies face currently is coming up with a definition of "Big Data." Alex Rossino, a Deltek principal research analyst at Deltek, told attendees at a March 14 conference that traditional analytics tools and computing... (more)

Eric Schmidt: Disruptive Tech Changes Education, Health

The world has gone from only a small group of people having access to information to having everyone in all corners of the globe accessing every piece of the world's information, according to Google Executive Chairman Eric Schmidt. Schmidt detailed that change and its impacts on sectors such as education, business and media in an interview with James Manyika of the McKinsey Global Institute. Humans and machines are racing each other to find the most efficient way to carry out tasks, according to Schmidt, who says machines have largely replaced low-wage workers at grocery stores... (more)

Rohini Tendulkar: Systemic Effects of Cyber Attacks Widespread

Systemic impacts resulting from cyber attacks on securities exchanges will rapidly grow because of the financial system's reliance on technology, Rohini Tendulkar of the International Organization of Securities Commissions' research department has told Reuters. Tendulkar has authored a paper in partnership with the World Federation of Exchanges to examine how the interconnected nature of exchanges could extend impacts of attacks beyond the initial victim, John McCrank reports for Reuters. Fifty-three percent of exchanges who responded to the survey said they suffered a cyber at... (more)

KPMG Survey: Firms Continue to Invest in Global Worker Mobility

A KPMG study says many corporations across the globe are maintaining their labor mobility initiatives despite regulatory and compliance issues related to international employment. Eighty-six percent out of more than 600 human resources personnel surveyed expect their organizations to retain or increase their mobile workforce, KPMG said Tuesday. The research also suggests a positive outlook on companies' use of international assignees in the energy sector and in Europe. “In an increasingly competitive economic environment, companies are expanding business operations around the wo... (more)