Share with your friends










Submit

Analytics Magazine

Cable & Wireless Communications revolutionizing business analytics with MediationZone and Cloud technology

Industry News

Performing business analytics tasks that would normally require thousands of dollars in investment can now be done for just a few cents. Those are the findings in a recent briefing paper from Cable & Wireless Communications.

Cable & Wireless Communications, in partnership with DigitalRoute, recently performed a proof of concept study that demonstrates how service providers can achieve huge cost reductions for business analytics while addressing security and privacy concerns.

Cloud computing is about to revolutionize the business intelligence market. Leveraging emerging open-source technologies and renting space on servers can potentially provide powerful data mining at a fraction of the cost of the established technologies. For service providers in particular, this is becoming urgent with the large volumes of data generated from the new mobile devices. Radically lowering the cost for data mining would enable more sophisticated business intelligence solutions than ever before.

By literally renting computers and storage only for when one needs it and combining it with open-source technologies, analyzing large volumes of data is suddenly within the reach of any organization. Not only does the price change fundamentally, so does the capability to add additional computing resources through configuration.

The proof of concept performed by Cable and Wireless Communications demonstrates how to use MediationZone and cloud technology to perform business analytics on massive data volumes while maintaining stringent requirements on security and data-privacy.

A key element of the proof of concept was to demonstrate that analytics can be carried out on data that has been made much less sensitive. This involves a reversible process in which key personal information is replaced with random data.

“The first and perhaps most eye-catching result is the cost of processing. Even after testing with billions of records, the bill ended up less than a hundred dollars,” says Birger Thorburn, CIO at Cable & Wireless Communications.

Related Posts

  • 48
    A new IBM study of more than 3,000 global CIOs shows that 60 percent of organizations are ready to embrace cloud computing over the next five years as a means of growing their businesses and achieving competitive advantage. The figure nearly doubles the number of CIOs who said they would…
    Tags: cloud, analytics, computing, business, data, intelligence
  • 46
    Frontline Systems, developer of the Solver in desktop Microsoft Excel 26 years ago, announced that it has surpassed 200,000 users of its cloud-based advanced analytics tools for optimization, simulation/risk analysis, forecasting, data mining and text mining – based on usage data from Microsoft, Google and its own SaaS platforms.
    Tags: analytics, data, mining, cloud, computing
  • 45
    A quick quiz: What is a good nine- or 10-letter description of the emerging interest in business analytics and big data that ends in “-al”? A choice that may come to mind for many is “hysterical.” This choice reflects frenzied excitement about opportunities for business analytics to solve problems often…
    Tags: analytics, data, business, mining, intelligence
  • 44
    Analytics isn’t a new subject, even for me. Like most professors, I did a lot of analytics in graduate school, and even had a real job as head of statistical computing at Harvard for a while. Then I lost interest for 20 years outside of an occasional correlation or regression…
    Tags: analytics, business, computing, intelligence, data, mining
  • 42
    What a difference a few years make. It wasn't that long ago that business analysts and mathematical modelers were moaning about the lack of data with which to construct their models in order to better inform their decision-making clients. Now, the corporate world (and every other world you may live,…
    Tags: data, analytics, computing, cloud, business

Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS Computing Society Conference
Jan. 6-8, 2019; Knoxville, Tenn.

INFORMS Conference on Business Analytics & Operations Research
April 14-16, 2019; Austin, Texas

INFORMS International Conference
June 9-12, 2019; Cancun, Mexico

INFORMS Marketing Science Conference
June 20-22; Rome, Italy

INFORMS Applied Probability Conference
July 2-4, 2019; Brisbane, Australia

INFORMS Healthcare Conference
July 27-29, 2019; Boston, Mass.

2019 INFORMS Annual Meeting
Oct. 20-23, 2019; Seattle, Wash.

Winter Simulation Conference
Dec. 8-11, 2019: National Harbor, Md.

OTHER EVENTS

Advancing the Analytics-Driven Organization
Jan. 28–31, 2019, 1 p.m.– 5 p.m. (live online)

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.