Data Analytics comes after Data Extraction
Data Analytics (also often called Big Data analytics) means the transformation of data with, as the main goal, the discovery of relevant information to help and support decision making.
With Data Analytics, you can bring added-value within your Organisation in 4 main ways:
Prescriptive – it reveals what actions should be taken.
Predictive – An analysis of likely scenarios of what might happen.
Diagnostic – It shows the past to determine what happened and why.
Descriptive – What is happening now based on incoming data based on real-time dashboard reports.
In a recent study, Allied Market Research(*) said that “the top 3 use cases for Big Data analytics are Customer Analytics [Predictive, Prescriptive] (48%), Operational Analytics (21%) [Prescriptive, Diagnostic, Descriptive], and Fraud & Compliance [Diagnostic, Prescriptive] (21%)”.
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Fundsquare & Numen organise an event around the challenges and opportunities brought by the Big Data for the Investment Fund industry.
Come and discuss with experts. Learn about the power of our solutions.
Date: Thursday, September 29th, 2016
Schedule: 08: 30-10: 30 AM
Location: Fundsquare - 35A Boulevard Joseph II - L-1840 Luxembourg (map)
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"Big data": a buzz word or something that makes sense for my company?
From Data to Big Data
Do you have any idea about the volume of data that we deal with – in a way or another – every day?
Altogether, we produce more information every minute than all the data which has been produced from the beginning of time until 2000… every minute!
Indeed every 60 seconds, we produce more than 100.000 tweets, we update more than 700.000 status on Facebook, we share more than 11.000.000 instant messages, we introduce more than 700.000 searches on Google, we send more than 170.000.000 emails, we upload more than 300 hours of video on YouTube, etc., etc.
And those figures have been collected some months ago, so it should be more today.
It seems incredible but that’s our present world, dealing with more and more information every day. And if we consider the development of IoT (Internet of Things), the quantity of data that will be produced by machines will exponentially increase the quantity yet produced.
In such a world, we can definitively talk about big data. In the last 15 years, IT has transformed a world of data to a world of big (enormous, gigantic…) data.
It seems far from my reality. Indeed, in my day to day life, I receive, read, analyse, keep for later and even delete lots of electronic documents (emails, presentations, word documents, spreadsheets, news …) and physical documents (letters, invoices, contracts, orders, magazines, newspapers …), all about various topics: commercial, finance, HR … which is nothing compare to this ocean of big data.
My 100 emails, 5 spreadsheets, 3 presentations, 15 Word documents, 8 letters... that I receive in every average working day are no big data! No relevance! Really?
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Numen Europe digitises early printed books at the Wellcome Library, London
Numen Europe, expert in sensitive data and document processing, has finalised the digitisation and indexing of 9,500 books printed up to 1700 (of which 350 precious incunabula). This project at the Wellcome Library is part of ProQuest’s European-wide project Early European Books making available early printed books from one or more major European libraries.
4 million pages digitised in 5 years
This project commenced at the Wellcome Library in 2011 and was carried out in partnership with ProQuest, provider of Early European Books in digital online form, as well as many other databases. Numen had been awarded digitisation contract by ProQuest because of their extensive expertise in handling ancient and precious books.
Read the press release
David Gray (Numen Europe) details the opportunities of the PSDC new law
David Gray (Numen Europe) details the opportunities of the new law on electronic archiving and status PSDC. A testimony from the 10x6 evening dedicated to FinTech organised on October 21 by the Paperjam Club.
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Numen enters the Top 250 French software publishers Syntec / EY
After acquiring CIMAIL (3rd GED editor and french's safe electronic) in 2014, Numen entered the Top 250 French software and ranked 83th French horizontal publisher software.
The choice of multichannel solutions rewarded.
With the entry to the top 250 software companies, the choice of Numen to provide a complete solution for improving business processes by combining software, services and documentation of business processes outsourcing (BPO) was found
Indeed, the four priority market trends (SaaS, mobility, security and big data) observed by EY are at the heart of NUMEN solutions.