New is the way companies, government agencies and scientists are now beginning to interpret and analyze their data resources. Because storage space costs almost nothing nowadays, computers, which are getting faster and faster, can link and correlate a wide variety of data around the clock. Algorithms are what create order from this chaos. They dig through, discovering previously unknown patterns and promptly revealing new relationships, insights and business models.
Though the term Big Data means very little to most people, the power of algorithms is already everywhere. Credit card companies can quickly recognize unusual usage patterns, and hence automatically warn cardholders when large sums are suddenly being charged to their cards in places where they have never been. Energy companies use weather
Lisa Levinson on 30 Sep 15Interesting article in the NYT by Taffy Brodesser-Akner from Dec. 28, 2013 about the life coach, Martha Beck, who has built a multimillion-dollar business on helping executives, and others, find their passion and what they want to do with their lives. Her biggest money maker is her certification process for her method of life coaching. She trains others and they pay for the courses, pay for the certification, pay to have her seal on their websites.
