Category

Big Data

Data in the News for the week of October 3, 2016

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Data news making waves this week: Amazon, Google, Facebook, IBM and Microsoft create non-profit organization to convince consumers artificial intelligence isn’t evil * Verizon’s tall order: to reverse the trend of telecoms’ inability to execute content plans * Why police should use IP addresses as helpful clues rather than a smoking gun * 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 September 19, 2016

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Data news making he rounds this week: Five examples of the Analytics of Things * Verizon and Disney deal allows Verizon customers to access Disney Movies Anywhere content digitally * Autotrader partners with MSN Autos to provide online vehicle shopping data * 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: Early Founders Wrap-up

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The Founding Fathers of Big Data – Early Founders Wrap-up
By Charles W. Stryker

Louis Tappan, Julius Reuter and Moses Beach all laid the groundwork for their respective companies more than a century and a half ago.  Dun & Bradstreet, Thomson Reuters and Associated Press are key Big Data players today because of their entrepreneurial skills and keen understanding of new market opportunities in the mid-1800s.  For each of these Founding Fathers of Big Data, there were similarities in the nature of the challenges they faced in growing their burgeoning businesses.  However, the obstacles to success that they faced were distinctly different.  The solutions were unique in their ability to provide the company with a leverage that worked for the short term and, as it turns out ultimately, for the extremely long term as well.

So what was the magic that worked for these early Founding Fathers?  Clearly it wasn’t just a technology solution alone because soon all competitors would be able to access the same technologies that propelled the market leaders to their successes. For all Founding Father companies we examined, there was a social impetus that drove the entrepreneurs to be the first with a solution.

The mid-nineteenth century was marked by a flood of new commercial activity extending West and South in the U.S. attributable to events such as the California Gold Rush and the opening of the Erie Canal.  While typewriters and carbon paper allowed The Mercantile Agency to build a dominant capability in credit reporting by providing wide geographical distribution of credit report copies, another component was required to cement its winning position throughout the decades.  That factor was developed from the outset, because The Mercantile Agency was there first.  The long term success of the company – even as it morphed through various name changes to arrive at D&B –  was based on developing a relationship of trust with the customer and to be first. Why would any company concerned with the risk of doing business with an unknown company, thousands of miles away, use a new supplier that had never demonstrated their skill in accurately identifying the bad guys from the good?

Similarly, Julius Reuter saw the benefit of using emerging technology to accomplish what no other company could do.  The challenge was commensurate with the times:  stock traders in England and Europe were increasingly hungry for stock market news and quotes.   It was essential to Reuter that he provide the solution.  It turned out that the right solution was an underwater telegraph cable across the English Channel.  He was the first to procure commercial time on the cable to transmit stock prices and quotes from London to the mainland and back again.

Once Reuter was able to show his clients that he could provide them with the most current stock quotes, using an alternative source would be risky for the client. Reuter was the gold standard because he was there first. This phenomenon of making oneself an indispensable solutions provider for the customer became a key component to the long term success of all three companies we have looked at as Founding Fathers of Big Data from the nineteenth century.

Finally, Associated Press provided our third example of the birth of Big Data.  The problems posed by distance and speed of information delivery framed the challenge faced by Moses Beach and his publishing competitors in New York.  The newspaper race to cover the Mexican American War was fraught with logistical impediments as reporters on scene tried to get their first hand report of the battles to a news hungry population in the U.S.  By sharing the costs of news transmission through telegraph lines and private carriers, the AP was able to establish an impenetrable cartel that would stand the test of time for a century and a half.

So the key to short term success for all three of our Founding Father companies we have examined was to implement a technologically-based solution to capitalize on a new business opportunity and to be the first to do it.  If you are first in the information industry, you can expect to have decades of success. This characteristic of the information industry is unique as compared to other technology segments where being first rarely produces a market leader.

 

 

 

Data in the News for the week of August 29, 2016

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Big Data topics sparking conversation this week: Geolocation advertising could mean targeted ads by the minute * Use Big Data to create value for customers, not just target them* Infogroup and LiveRamp’s data distribution partnership expands * 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 August 15, 2016

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Data news sparking water cooler talk this week: Audi unveils technology that can detect red lights * Walmart acquires Jet.com to help improve online competition with Amazon * American Apparel’s experience leads to the question, are you getting the right data? 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 August 8, 2016

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Big Data news making waves this week: Japanese company Dentsu Aegis Network will acquire a majority stake in Maryland-based Merkle * Fear of losing customers has forced banks into finally adapting to the Instant Pay Market * Explaining the Yahoo sale to Verizon * 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 25, 2016

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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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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

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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.