LET’S START WITH DATA DELUGE (WHICH, BTW, IS NOT THE PROBLEM):
We all know – there is data everywhere. In the past couple of years, the world has generated more data than the prior civilization put together. Whether it is content posted on web and social media, data transmitted from sensors in cars, appliances, buildings and airplanes, or streamed to your mobile, television or computers, we are surrounded and overwhelmed by data. Advancements in technology are the main driver of this data deluge, but similar advancements have taken place in the technology to collect and store data. This has made it economical for organizations to build infrastructure to store and manage large sets of data. But, the real problem is deriving value out of this data and making it useful. This is where most of the stagnation is today. According to International Data Corporation (IDC), only one percent of the digital data generated is currently being analyzed.
THE DATA REVOLUTION IS ABOUT INSIGHTS:
Everyone agrees there is a big data revolution happening, but it is not about the volume and scale of data being generated. The revolution is about the ability to actually do something with that data. What used to take millions of dollars to first build the infrastructure and then hire really smart and expensive individuals to analyze data, can now be done in thousands. It all comes down to using the right set of new age technologies and implementing right set of rules (read algorithms) to deliver answers that weren’t possible earlier. This is where the new age data computation and analysis shines. We have come a long way to leverage machine learning, graph analysis, predictive modeling algorithms and other techniques to uncover patterns and correlations that may not be readily apparent, but may turn out to be highly beneficial for business decision making.
There have been vast improvements in how and what type of datasets can be linked together to capture insights that aren’t possible with singular datasets. An example that everyone understands is how Amazon links together shopping and purchase history of customers to make product recommendations. Along with linking of datasets, improvements in visualization tools have made it much easier for humans to analyze data and see patterns. These technologies are now making inroads into all types of disparate use cases to solve complex problems ranging from pharmaceutical drug discovery to providing terrorism alerts.
I have been involved in marketing analytics work for some years now. It requires me to regularly talk to CXOs about their big data challenges, and their plan to leverage this data to improve business decision making. I am constantly surprised how much misconception exists among executives. All of them read about new technologies and platforms coming out of Silicon Valley that magically clean, organize, analyze and visualize data for them. As if, they just have to implement some technology, press a button, and insights would start flowing.
This is a myth. There is no such (magical) technology-based analysis. Period.
Big Data’s big deal is not about technology platforms – it is rather about appropriate human interface with data technology.
I am myself guilty of selling big data solutions under the facade of technology and platforms. In many ways, I have contributed to this misconception about Big Data technology. So, I hope you believe me when I tell you – Big Data’s big deal is not about technology platforms – it is rather about appropriate human interface with data technology. Let’s not continue to speculate that technology platforms would save the enterprise from all data problems. I have seen the most advanced technology platforms that exist today. There is only one thing I know – these platforms would serve no purpose if we don’t have trained data professionals who know three basic things – business/domain knowledge, analytical experience, and ability to embrace new data technology.
Below we present the New Jersey companies that made the Technology Fast 500 list published by Deloitte LLP, a global professional services firm with U.S. headquarters in New York.
The Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014, the company said in a statement.
Axtria, a leader in Data Analytics software and services, has been Ranked 11th on New Jersey’s 2015 50 Fastest Growing Companies by NJBIZ (New Jersey’s premiere business news publication). We are glad to share that Axtria has achieved this feat for the second year in a row.
The NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey’s most dynamic companies who progressively contribute to the success of the state’s economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of at least $500,000 within the past two out of three years and growth in revenue over a three year period, dating from the fiscal year 2012 to 2014.
The NJBIZ recognition follows Axtria being featured for the second year in a row on the Inc.5000 list in August 2015 and also being selected as a Red Herring Top 100 North America winner in June 2015.
Musings on the impact of inner light on our professional life.
It is the light within.
Hides deep beneath our skin,
Holds our destiny, shapes our lives,
Strikes more often than we realize,
Brings us to extremes more often than we like,
Makes us low and high, losers and winners,
It is the light within.
It takes us far and beyond, below and under,
Turns impossible into possible, possible into impossible,
Drives us to excellence, leaves us doomed,
It is the light within.
Propels us to achieve the unachievable, drowns us in mere existence,
Transports us to heights of happiness, and wells of sorrow,
Infuses completeness, and shoves us to hollowness,
It is the light within.
It is the light within that has many shades, so we must decide!
To become an optimist, or wind the pessimist fire;
To push the boundaries, or be contained;
To explore the unexplored, or be lost in self doubt;
To let in the breeze of change, or breathe stale air.
Shine bright or become a shadow,
Pick a shade of the light within.
Why not take the path where the light itself wants to travel?
Don’t! listen to the world; It only wants us to quit.
Pick the road that is rough and tiring;
Let’s work on a niche that makes us an authority;
Polish qualities others cannot replicate;
Associate with people who value what we cultivate.
Sparkle in brilliance of the light within.
Brilliance that glows without light.
Find no other use;
For it is the light within that makes us win!
You seek stability, Work/Life balance, you explain.
I fail to understand your quest; what sort of balance, I ask?
Not everyone has a dream job, I understand;
Many struggle to make ends meet.
Some are tired of the physical labor;
Others, victim of mental stress.
‘Bored to death’, you exclaim!
Perhaps, there are higher priority things to do;
‘Quality time’, you imply.
A Senior yearning to take care of sick wife.
A Mom longing to meet kids after work.
A Girl planning to watch a show with fiancé.
A Millennial hosting a party tonight, every night.
I admit, corporate walls can turn you insane;
Productivity demands time-off.
Some, also have genuine reasons to escape work.
But, for most, Work/Life balance is just an excuse!
If work feels like work, the quest needs to change.
Don’t seek balance! Seek new work.
Explore stuff that you enjoy; at least, change the status quo.
Maybe a new function, a new employer,
Better colleagues, a caring boss.
Whatever it takes, find work that brings joy, not eternal exhaustion.
Work that becomes part of life.
Because, when it does, you stop seeking balance,
You start seeking excellence.
And, along comes quality of life!