Data Science
While the field of data science is not tied directly to Big Data, advances in one tends to produce advances in the other. Big Data increases our ability to harvest and process data, while data science allows us to dig into it for insights.

Crayon: Creating the World’s First “Choice Engine”
Follow @DataconomyMedia We caught up with Suresh Shankar the Founder of Crayon Data. Suresh is serial entrepreneur with over 20 years of consulting and marketing experience, having fuelled growth for companies such as: Citibank, ABN AMRO, Standard Chartered, HP, Nokia, Motorola, Unilever, Pond’s, Pepsi and McDonald’s. Before founding Crayon, Suresh was

Taiwan’s SMEs Urged to Jump On Board Big Data Trend
Viktor Mayer-Schonberger, co-author of Big Data: A Revolution That Will Transform How We Live, Work, and Think, has been speaking in Taipei recently about the possibilities of Big Data for Taiwan’s small and medium enterprises. He highlighted that one of the main reasons Taiwan’s SMEs ought to be capitalising on

Mode, The “Github for Data Analysis”, Goes Into Beta
Mode, a startup marketing itself as the “Github for data analysis”, has opened a beta version of its service to the public, as well as securing $2 million in venture capital. Formation8 led the funding round, with participation from Panorama Pointand Goldcrest as well as individual investors, including Reddit founder

Big Data needs Data Science but Data Science doesn’t need Big Data
This article was first posted by Carla Gentry here. Carla is currently owner and data scientist at Analytical Solution.She has worked in the field of data science for over 15 years, and has worked for Fortune 100 and 500 companies such as Johnson & Johnson, Hershey, Kraft, Kellogg’s and Firestone. She

How Airbnb Used Data to Secure its $10 Billion Valuation
The growth of Airbnb has received a lot of attention over the past few years, especially since it’s $10 billion valuation. In a recent interview, the company’s head of data science, Riley Newman, explained how data was at the core of its tremendous success. As Riley explained, “data is the

A Data Science Fellowship Bankrolled by Eric Schmidt Enters its Second Year
Data Science for Social Good, a data science fellowship personally bankrollled Google chief Eric Schmidt, has commenced for its second summer. The fellowship sees 48 fellows (selected from a pool of 300 candidates) come together “to tackle problems that really matter.” Partners this year include World Bank Group, City of

Intel Spearheading Big Data Projects in Food & Water Security
Intel is spearheading projects to improve food and water security in California. California is a particularly apt place to start; agriculture in the region is a $46.3 billion industry, and they’re world leaders in avocado and almond production. But they’re also facing a devastating drought; nearly one third of their

Poll: Which Misconception is the Most Damaging to Big Data Projects?
The hype around the term “big data” can be pernicious. The ubiquity of the term, coupled with a lack of understanding about what it actually means, often leads to overly-ambitious expectations of what big data projects can actually achieve. This week, guest contributor Jamal Khawaja aimed to clear the fog

How Netflix is Using Data to Improve Quality of Experience
We recently reported on how Netflix is using big data algorithms to power its recommendation system; now, a Netflix blog post highlights other ways in which the company is using big data behind the scenes to enrich its service. They’re putting the data to work largely to improve Quality of

Data Science: Building Better Bras
Tailored retail experiences are one of the most well-known applications of big data. We have premium streaming sites that know what you want to watch next better than you do; book vendors which can accurately map your literary tastes; and now, an e-commerce lingerie startup which knows if you suffer