BIGDATAPUMP has now landed in Sweden and is ready to innovate in this new market with new customers. Here are some of my thoughts on how the big data and analytics landscape has changed since we started in 2012 to this day and beyond.
tl;dr: Gartner's Magic Quadrant for advanced analytics doesn't do a good job in helping to decide which analytics tool(s) to acquire. It also misses the point that open source projects are the real leaders in advanced analytics. Vendors that position themselves to complement open source projects rather than competing against them will be ones to watch.
Many people have a biased view of what econometrics really is and how it can be applied to business problems. In the following posts I will introduce some methods from applied econometrics, structural modelling and panel data/time series tools and show how they can be used to solve problems where standard statistical and machine learning tools do not work.
Machine learning and “data science” have been popular topics in the tech circles for years now but their usage hasn’t followed the buzz in the more traditional industries. Companies have largely recognized the potential of data driven decision making, yet the wide spread adoption is still on the way.