Monthly Archives

July 2016

Data in the News for the week of July 25, 2016

By | Big Data, Big Data Strategies, Blog, Data Management, Innovation, Social Web | No Comments



Making digital waves this week: Verizon announces purchase of Yahoo, uniting it with AOL under one company * Watson yields returns on IBM’s ad spending * Verisk Analytics set to add Greentech Media’s data, analysis and market intelligence to its energy value chain and more.

Are you looking to purchase data or possibly figure out how to monetize the data you currently own? Contact us today and let’s discuss your options!

Venture Development Center (VDC) is an advisory services firm that assists its clients in identifying, defining, and implementing breakthrough uses of Big Data. The VDC success story is based on the unique ability of the organization to identify new and powerful data assets from the Big Data ecosystem and then develop applications and information use cases that drive solid revenue results and transform existing business practices. The practice areas that characterize VDC projects include creating new products and revenue streams for data owners and bringing forth new information assets and strategies to educate and assist data users to adapt to the rapidly changing world of Big Data.

Data in the News for the week of July 11, 2016

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Data news sparking conversation this week: Genetics company is selling DNA data to consumers in the search for new drugs * The future of online obituary business is anything but grave * The E.U, and US agree to data transfer pact * and more.

Are you looking to purchase data or possibly figure out how to monetize the data you currently own? Contact us today and let’s discuss your options!

Venture Development Center (VDC) is an advisory services firm that assists its clients in identifying, defining, and implementing breakthrough uses of Big Data. The VDC success story is based on the unique ability of the organization to identify new and powerful data assets from the Big Data ecosystem and then develop applications and information use cases that drive solid revenue results and transform existing business practices. The practice areas that characterize VDC projects include creating new products and revenue streams for data owners and bringing forth new information assets and strategies to educate and assist data users to adapt to the rapidly changing world of Big Data.

The Founding Fathers of Big Data: Associated Press

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bigdata-foundingfathers

The Founding Fathers of Big Data – Associated Press
By Charles W. Stryker

The Associated Press is another Founding Father of Big Data that has lasted for more than a century and a half and not only does it survive today but it leads all competitors in its chosen information industry sector.

The Associated Press was created in the same timeframe that saw the birth of D&B as well as Reuters.  While D&B was making a name for itself in the credit information business and Reuters was entrenching its financial news delivery leadership capabilities in Europe, AP was getting started as a unique monopoly creating a new more efficient way to publish news at scale.

The Associated Press got its start at a meeting of six New York publishers who gathered at the behest of David Hale, publisher of The New York Journal of Commerce.  On the agenda for the meeting was the financial challenge of covering the Mexican-American War which was draining the resources of all six competitors.

Moses Beach, publisher of the New York Sun, proposed that his company’s efforts to gather and report on news from the war be shared with his New York competitors and, in return, all benefitting from the reports would share the expenses Beach incurred in the process.

That day, the Associated Press was born.

Beach saw the telegraph as the pivotal technology that could overtake the traditional ground and sea-based modes of news dissemination like the pony express, mail boats and carrier pigeons.

As with other Founding Father organizations discussed earlier, the Associated Press coupled a changing social or market environment with a technology based solution.  However, once achieved, AP’s market leadership was sustained through a century and a half by barriers to entry.

In the beginning the purpose of the Associated Press as an organization was strictly financial.  On the surface, the association looked to be a cost sharing arrangement only.  However, as it turned out, the sharing agreement was in fact the blueprint for a very effective and durable business model.  By sharing all the news that arrived by telegraph wire and dividing the expenses evenly, each member was spared the dangers of losing wire-borne information to a higher bidder.

AP realized that if it could secure exclusive access to news stories before they got published elsewhere it would mean that its association members could scoop their competition every time.  As it now had become a highly trusted news source, the Associated Press could rely on a committed and very loyal customer base to support the AP model, even in the face of competitive alternatives.

As with other markets that rely on information timeliness and accuracy, once AP garnered the lead in news collection it was difficult for any competitor to unseat it.  This market phenomenon has kept the Associated Press viable and vigorous for nearly 170 years.

 

 

Data in the News for the week of June 27, 2016

By | Big Data, Big Data Strategies, Blog, Data Management, Innovation, Social Web | No Comments



Around the digital water cooler this week: IBM Watson will serve up Wimbledon data * The future of the Internet of Things and human behavior * FindFace app could make internet stalking much easier * and more.

Are you looking to purchase data or possibly figure out how to monetize the data you currently own? Contact us today and let’s discuss your options!

Venture Development Center (VDC) is an advisory services firm that assists its clients in identifying, defining, and implementing breakthrough uses of Big Data. The VDC success story is based on the unique ability of the organization to identify new and powerful data assets from the Big Data ecosystem and then develop applications and information use cases that drive solid revenue results and transform existing business practices. The practice areas that characterize VDC projects include creating new products and revenue streams for data owners and bringing forth new information assets and strategies to educate and assist data users to adapt to the rapidly changing world of Big Data.