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==== Big Data, Big Opportunity - How Maryland Can Lead the Analytics Market
According to a 2010 MIT data analytics survey of 3,000 business executives and analysts, 53 percent of respondents say they do not have access to information needed to do their jobs from across their organizations. Thirty-three percent say they make critical decisions without the information they need. Organizations across the spectrum of industries are recognizing the critical need to unlock the value trapped in corporate and open source data. Whether it’s "big data”, "business analytics”, "business intelligence”, ”visual analytics”, or just plain "analytics”, organizations are increasingly willing to invest in this area. Those who have invested in analytics appreciate how it supports actionable insights and bold decisions.
Virtually every research outfit (Gartner, IDC, Forrester, …) agree that 2012 will be a big year for analytics. Industry analysts have sized the market for business analytics at $122Bn in 2012, with an estimated compound annual growth rate of 8 percent. Analytics have even entered popular culture, with the movie "Moneyball” and Davenport’s best-selling business book "Competing on Analytics”. News Flash: OBAMA ADMINISTRATION UNVEILS "BIG DATA” INITIATIVE: ANNOUNCES $200 MILLION IN NEW R&D INVESTMENTS Click here for the Press Release Click Here for the Fact Sheet Click here for "The New World of Massive Data Mining” featured on the Diane Rehm show. Maryland is uniquely situated to benefit from the boom in analytics: • Significant existing State academic resources
• Substantial Federal research, intelligence, and operational entities providing a ready market and strong reservoir of personnel expertise
• Strong commercial interest and investment in the area
• Powerful leverage/intersection with other State initiatives
CRTC’s May TechFocus Seminar will address Analytics. A representative from Host Sponsor L-3 Communications will welcome attendees with brief opening remarks.
Speakers Include: Tip Clifton, CEO of Eastport Analytics, will present an overview of what analytics is all about
Bob Garrant, Director of i4DM will discuss the mid Atlantic analytics marketplace
Dr. Mark Williams of Eastport Analytics will outline one key enabler of analytics: technologies
Professor Ben Shneiderman of University of Maryland will discuss the future of analytics
Each presentation will be afforded 15-minutes followed by Q&A/Discussion.
CRTC Members: $25
Non-Members: $45
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