Sep 22, 2016 : Bad Data Costs U.S. Trillions Annually


📅 - A recent estimate conducted by IDC, a research firm, valued the worldwide big data market at $136 billion. If you have an interest in big data, this figure should come as no surprise.

What is shocking, however, is the estimated annual cost of poor quality data: $3.1 trillion, as IBM estimates in one report. Even to someone working in the data field, that number is alarming.

This bad data is both costly and time consuming for data scientists to sift through, which leads many to believe that there could be a new market emerging.

Read more here.

Reads: 560 | Category: General | Source: TheHN : The Hosting News

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news


📅 - Yahoo to Reveal ‘Massive’ Data Breach - Yahoo is expected to disclose a data breach that the company is describing as “massive” this week. Recode has reported the breach as “widespread and serious,” citing anonymous sources.

This information comes after earlier reports of a cyber-attacker, using the name Peace, selling hacked information of 200 million Yahoo user accounts. The same hacker is responsible for stealing LinkedIn user data as well. The breached data includes user names, passwords, and personal user information.

Although, a sample of the hacked data was analyzed, and revealed that most of the information was obsolete. The accounts are no longer in use or have been canceled. The cost for the data is also low, priced ...
📅 - Creating Incredible Brand Loyalty from Small Business Customers - When you run your own small business, it can be a challenge to come up with ways to keep your customers loyal. Brand loyalty is everything to business survival because it's more expensive to acquire a new customer than it is to keep your current ones.

Having brand loyalty is what keeps your business going for the long run, because your loyal customers will want to be a part of new products and services your company comes up with. New customers may try your business once before deciding to go with the next company that has the best price.

Having customers that are loyal to you means that regardless of price or convenience of another brand, your customers will want to work with you in ...
📅 - Box Receives BCR Approval - Box announced Tuesday that they have received approval for its Binding Corporate Rules (BCRs) from the UK Information Commissioner's Office and Data Protection Authorities of Spain and Poland.

The seal of approval extends certified data protection to both customers and Box European Economic Area employees. The review focused on the data protection policies and practices of the Box corporate family.

Binding Corporate Rules assure consistency of data protection practices across geographic and corporate borders. Box says they are the only company in the world with both APEC Cross Border Privacy Rules and BCR certification.

Read more ...
📅 - IBM and Cisco Interested in Imperva - Imperva, a security software company is working on finding a buyer. They are working with Qatalyst Partners and have drawn interest from IBM and Cisco. Along with these two big names, Forcepoint has expressed interest in acquiring Imperva.

The bids from the interested parties are due within the next two weeks. Imperva is expected to go for about $1.4 billion and they continue to climb in value. ...
📅 - New European Markets Tapped by IBM and Microsoft - IBM and Microsoft recently announced the launching of new cloud data centers in Europe. Both are adding new countries to the list of markets they serve.

Microsoft has launched a cloud data center in Germany through a partnership with Deutsche Telekom's subsidiary T-Systems. IBM has launched their data center in Norway and it's the first cloud data center in the area, along with IBMs 48th overall. ...
ovhcloud.com logo📅 - More DDoS Attacks Reported Nationwide - DDoS attacks have been reported in increased numbers this week. The most massive DDoS attack reported this week was 665 Gbps in size and attacked cybersecurity journalist Brian Krebs' website, Krebs on Security, through its Prolexic DDoS mitigation service. The attack forced Akamai to drop the website due to its magnitude.

Other attacks have been seen in the hosting industry this week, hitting websites like Cogent and OVH. Krebs suggested that “whoever built this DDoS cannon has been testing it.” At press time, Krebs' website is still offline.

Read more ...