Big Data

Has Spark Become a Five Alarm Fire?

By | 2018-03-21T07:55:27+00:00 January 26, 2016|Categories: Data & Analytics, Fusion Blog|Tags: , , , , |

There are new technologies popping up daily in the world of Big Data. It’s impossible to keep up with them all and it’s even more challenging to predict the winners and losers. However, an influential player in 2015 was Apache Spark, which is fast and general engine for large-scale data processing. Interest in this [...]

Is Hadoop Worth the Hype?

By | 2016-12-06T15:47:50+00:00 October 21, 2015|Categories: Fusion Blog|Tags: , , , , , |

Hadoop is all the rage right now. In my 20 years in IT, I have never seen so many people enamoured with something that most of them don’t understand. I equate it to a situation where there is a line full of people waiting for a free give-away. Countless others will join the line without [...]

Big Data Diamonds – Sustainability and Growth

By | 2016-12-06T15:47:51+00:00 July 24, 2015|Categories: Fusion Blog|Tags: , , , , , |

Now that we’ve discussed the full lifecycle for implementing data analytics capabilities and deriving insight, how does one sustain it going forward? In the past we participated in data warehousing or data analytics projects that were seemingly successful and received positive reviews when completed. However, when we touched base with the team a year later [...]

Can IT Survive the Citizen Analytics Revolution?

By | 2016-12-06T15:47:51+00:00 July 20, 2015|Categories: White Papers|Tags: , , , , , |

The Revolution At the end of 2007 classic, Competing on Analytics, Tom Davenport predicted the rise of “analytical amateurs,” where the enterprise extends its frontline data analytics capabilities across the organization in its effort to become a data-driven enterprise. That transformation would be done largely without assistance from traditional information technology department capabilities and processes. [...]

FIA Meet the Disruptors – Financial Services Trends

By | 2016-12-06T15:47:51+00:00 July 20, 2015|Categories: White Papers|Tags: , , , |

Financial services has seen a great deal of disruption over the past 20 years with the shift from floor-based to electronic trading, serving as an obvious example. Of late, other industries, such as media or retail, have been more profoundly impacted by technology and the perception prevails that financial markets are ripe for a new [...]

Big Data Diamonds – Agile Implementation

By | 2016-12-06T15:47:52+00:00 July 17, 2015|Categories: Fusion Blog|Tags: , , , , , , |

Last week, we introduced the assessment criteria for selecting the right tools for your big data platform. This week in the Big Data Diamonds series, we fill focus on using Agile implementation and methodology to continuously drive value and insight.  Maven Wave employs the Agile methodology for delivering solutions to our clients and the incremental and iterative [...]

Big Data Diamonds – Selecting the Right Big Data Tools

By | 2016-12-06T15:47:52+00:00 July 10, 2015|Categories: Fusion Blog|Tags: , , , , |

Now that you have identified the components required to define your big data architecture (as discussed in last week's Big Data Diamonds blog post), we will introduce the assessment criteria for selecting the right big data tools.  Selecting the right tools for your big data platform is not as easy as selecting the best application on [...]

Big Data Diamonds – Defining the Big Data Architecture

By | 2016-12-06T15:47:52+00:00 July 2, 2015|Categories: Fusion Blog|Tags: , , , , |

In last week's Big Data Diamonds blog post, we discussed the importance of assessing your data to ensure that you understand it. This week we are introducing the components required to define the big data architecture. Once you understand the data and business objectives, you are equipped with the inputs necessary to define a robust architecture. [...]

Big Data Diamonds – Understand the Data

By | 2016-12-06T15:47:52+00:00 June 25, 2015|Categories: Fusion Blog|Tags: , , , |

In our last Big Data Diamonds blog post, we discussed the importance of building a team with the right skill sets. Now that you have the right big data team in place, it's important to assess your data to ensure you really understand it.  A fundamental mistake many companies make is to define a big [...]

Building the Right Big Data Team

By | 2016-12-06T15:47:52+00:00 June 18, 2015|Categories: Fusion Blog|Tags: , , , , |

Most great accomplishments are not delivered by great ideas alone. It takes a team with the right skills to deliver a quality result. The same holds true when delivering a big data project. In our last Data Diamonds blog post, we talked about starting any big data project with a well-defined purpose and the importance of [...]

Terrapinn’s Trading Show Chicago 2015

By | 2018-03-21T07:39:43+00:00 June 6, 2015|Categories: News and Views|Tags: , , , |

Terrapinn's Trading Show Chicago, along with FIA Expo, has evolved into the tent-pole event for discussion and exhibition on important industry trends and developments for the Chicago community. This year’s edition was held at Navy Pier on June 3 and 4. We have recapped the key takeaways from the event and created a synopsis of [...]

Big Data Diamonds – Defining Insight Objectives

By | 2016-12-06T15:47:52+00:00 May 18, 2015|Categories: Fusion Blog|Tags: , , , , |

When getting started with a big data project, it’s easy to be enamored with the multitude of cutting-edge technologies on the market and start purchasing tools that will promise to solve all of your problems. The most illogical thing I’ve seen over the past year is how many companies are implementing Hadoop, but have no [...]

Producing Big Data Diamonds

By | 2016-12-06T15:47:53+00:00 April 17, 2015|Categories: Fusion Blog|Tags: , , , , , , , |

The world is a competitive place. There is continual pressure for businesses to gain an advantage by reducing costs, increasing revenue, or reducing risk. For some, this continual pressure is overwhelming. But one of the most valuable things on earth is produced from continual pressure… diamonds. Most companies have the equivalent of coal accumulating in [...]

Machine-to-Machine Data Solution for Manufacturing

By | 2017-07-17T10:57:42+00:00 March 27, 2015|Categories: Case Studies, Drive|Tags: , , , , , , |

Maven Wave recently developed a connected machine proof of concept for a manufacturing client. The goal was to create a platform that would allow users to receive real-time positioning and machine metrics. Maven Wave leveraged the Google Cloud Platform and Android mobile technology to develop a framework that demonstrates key elements of the long-term solution. [...]

Applied Knowledge Management in Healthcare

By | 2016-12-06T15:47:53+00:00 January 20, 2015|Categories: White Papers|Tags: , , , |

Executives recognize that the ability to effectively retain and recall knowledge is a mission-critical capability that must be approached strategically. Knowledge assets clearly create corporate value -- perhaps most measurably in the healthcare industry through drug approvals and patent protection. A granted patent or approval converts knowledge or data into a clearly defined commercial opportunity [...]

Guiding Technology Trends for 2015

By | 2016-12-06T15:47:53+00:00 January 20, 2015|Categories: Fusion Blog|Tags: , , , , , , , , |

As we settle into 2015 with a fresh outlook and new goals, we have been following some key technology trends that are shaping the future of our client’s businesses, as well as our own. As the technology landscape continues to evolve rapidly, businesses must remain agile and willing to adapt. Changes in mobile, data security, [...]

Is Your Data Scientist Ready? Are You Ready For A Data Scientist?

By | 2016-12-06T15:47:54+00:00 October 17, 2014|Categories: White Papers|Tags: , , , |

Unofficially, a 2011 McKinsey white paper marked the beginning of the popularization of the term big data1. Since then, there have been enough large data set projects executed that we are starting to learn why these types of projects sometimes fail. In our opinion, the challenges associated with large data projects fall into five categories: [...]

Marketing Analytics in an Omni-Channel World

By | 2016-12-06T15:47:55+00:00 October 16, 2014|Categories: White Papers|Tags: , , , , , , , , , , |

There is more customer data available than ever before and it’s growing at a rate of 40% per year. Companies that capitalize on this data explosion to better understand the consumer decision journey will have a significant competitive advantage. These advanced insights can be used to improve customer engagement, build loyalty, and increase return on [...]

Crossing the Data Disposal Finish Line

By | 2016-12-06T15:47:55+00:00 October 16, 2014|Categories: White Papers|Tags: , , , , , , , |

Maven Wave Senior Principal, Brad Foster, will be presenting at the IBM Insight conference next week. This conference is focused on big data and analytics and Brad will be presenting on “IBM Stored IQ and Maven Wave Data Disposal Accelerator to Expedite the Process of Data Disposal.” Below is a sneak peek into his presentation. [...]

5 Keys for Getting Started with the Enterprise Internet of Things

By | 2016-12-06T15:48:00+00:00 July 21, 2014|Categories: White Papers|Tags: , , , , , , |

The term “Internet of Things” has become a popular buzzword, almost to the same extent as “big data” or “cloud”.  All of the major tech players have begun developing technology in this space and the capabilities are becoming more and more sophisticated. Recent acquisitions by Google and Apple have further fueled the trend, as seen [...]

Abbott

By | 2017-04-13T15:52:53+00:00 June 19, 2014|Categories: Case Studies, Management Consulting Posts|Tags: , , , , , , , , |

Company Profile Abbott Laboratories is an American pharmaceuticals and health care products company. Abbott has four core businesses - diagnostics, devices, nutrition, and pharmaceuticals - all of which focus on innovation to improve the health needs of people in more than 150 countries. Business Situation Abbott was experiencing an estimated 40% annual growth in its [...]

A Guide for Getting Started with Data Disposition

By | 2016-12-06T15:48:01+00:00 April 22, 2014|Categories: White Papers|Tags: , , , , |

Information Lifecycle Management Companies often have both tactical and strategic concerns around data management, and specifically, disposition of unnecessary data. While there is no silver bullet for this common issue, we do have an approach that makes getting started more manageable. Separate the Wheat from the Chaff When winnowing grain, you don’t pay attention to [...]

Accelerating Value with Google Cloud Platform

By | 2016-12-06T15:48:02+00:00 April 3, 2014|Categories: Fusion Blog|Tags: , , , , , , , , , , , |

Over the next couple of months, Maven Wave will be participating in several Google Executive Cloud Summit events in cities in Canada and the US.  This week we are in Toronto and Montreal, discussing the many opportunities for businesses with the Google Cloud Platform. During our portion of the presentation, Maven Wave is focusing on [...]

Big Data + Google = (Fast) Business Value

By | 2016-12-06T15:48:03+00:00 February 11, 2014|Categories: Fusion Blog|Tags: , , , , , , , , , |

“Big data” has become one of the most popular buzzwords in tech over the last few years. It has generally been used to describe massive data sets that are too large and complex to analyze using traditional data tools. In the age of connected devices, cloud storage and social media, the volume of data being [...]

Who Needs an ILM Strategy? 3 Characteristics of a Good Candidate

By | 2016-12-06T15:48:03+00:00 January 30, 2014|Categories: Fusion Blog|Tags: , , , , , , |

In a recent survey, responding companies were found to be using only 30% of the data they had under management and that total data volumes are growing at a rate of 35%. The central premise of Information Lifecycle Management is to manage the data explosion that most companies are facing today by keeping only what [...]

Jump-Start Your ILM Program

By | 2016-12-06T15:48:03+00:00 January 11, 2014|Categories: White Papers|Tags: , , , , , |

Six Strategies for Getting Started As data volumes continue to skyrocket, companies are looking for ways to manage the rapid growth as well as the cost and risk impacts that come with it. Information Lifecycle Management is the practice of reducing cost and risk by archiving and disposing of data that has no value to [...]

Big Data Becomes Big Cost If You Don’t Manage It

By | 2016-12-06T15:48:04+00:00 October 23, 2013|Categories: Fusion Blog|Tags: , , , , , , |

2013 has been termed the “big data” year as the business and science worlds focus on how large datasets can give insight on previously intractable challenges. Companies are now churning out massive volumes of data and capturing trillions of bytes of information about their customers, suppliers and operations.The growth of data can be attributed to [...]

Google BigQuery has a Big Week

By | 2016-12-06T15:48:04+00:00 September 26, 2013|Categories: Fusion Blog|Tags: , , , , , , , , , , , |

Last week was a big week for the Big Data analytics tool, Google BigQuery. On Tuesday, September 17, Google and Maven Wave hosted an event titled “The Internet of Things” at the Google office in Chicago, focusing on the opportunities cloud computing and Big Data create for the manufacturing industry. Then, on Wednesday, September 18, [...]

Mitigating the Risks and Costs of Data Storage

By | 2016-12-06T15:48:06+00:00 May 21, 2013|Categories: White Papers|Tags: , , , , , |

Information Economics 101 Introduction We recently asked Brian Bradley, a Senior Principal with Maven Wave, to answer the most common questions his prospects and clients pose about Information Lifecycle Management, or ILM.  Brian has had recent experience leading ILM engagements for several large companies in the financial services and healthcare industries. His responses follow below: [...]

A Smarter Way to Cut Storage Costs

By | 2016-12-06T15:48:06+00:00 January 1, 2013|Categories: White Papers|Tags: , , , , , |

Information Lifecycle Management A quick Google search on the phrase “Big Data” generates over 900 million responses.  In comparison to other recent trending terms, that’s about 850 million more than “trillion dollar coin” and three times as many as “Gangnam style”.  There’s no doubt that “Big Data” is a big issue for all industries.  In [...]

News from the Frontlines (The Financial Services Front, That Is)

By | 2016-12-06T15:48:19+00:00 May 26, 2012|Categories: Fusion Blog|Tags: , , , , , , |

Maven Wave recently participated in the 2012 North America Trading Architecture Summit hosted by Waters Technology. Over 300 senior technologists from financial firms and investment banks, fondly described by some as the techno-geeks of the trading world, gathered to discuss the latest cutting-edge topics.  Eric Gulbrandsen, who leads our Financial Services Practice, moderated one panel and served as [...]

Business Intelligence: Addressing CIO’s Top Concerns in 2011

By | 2016-12-06T15:48:19+00:00 October 28, 2011|Categories: Fusion Blog|Tags: , , , |

It’s getting harder and harder to imagine the world before technology brought us many of the innovations we all take for granted these days.  The joy of driving to appointments in cities you were not familiar with using only handwritten directions and a paper map possibly printed years earlier.  Waiting for your monthly bank statement [...]

When Less is Much More: Know What Data Will Transform Your Business

By | 2016-12-06T15:48:20+00:00 July 12, 2011|Categories: Fusion Blog|Tags: , , , , |

We have more data than we know what to do with. According to McKinsey, nearly all sectors in the U.S. economy had at least an average of 200 terabytes of stored data by 2009 (twice the size of US retailer Wal Mart's data warehouse in 1999) per company with more than 1,000 employees. It’s the age [...]

Maven Wave Survey Shows Data and Technology Are Biggest Hurdles to Implementing Valuations Best Practices

By | 2016-12-06T15:48:21+00:00 December 7, 2010|Categories: Fusion Blog|Tags: , |

Halloween may be well behind us, and the holiday shopping frenzy is in full swing, but some in the financial services industry continue to be haunted by the specter of valuations. What’s keeping so many up at night? The difficulty of determining accurate values for non-listed trades both within and outside of firms. Valuation consensus [...]

Business Intelligence: Four Ways to Improve Data Quality

By | 2016-12-06T15:48:21+00:00 October 4, 2010|Categories: Fusion Blog|Tags: , , , |

A Single Version of the Truth For many of us the topic of business intelligence (BI) and data warehousing is simply painful, to be perfectly honest. However unpleasant it is to deal with, data is at the core of every customer communication. In order to be successful in BI, your end users (customers or colleagues) [...]