01. Ryan Peterson, Data Republic, Visits theCUBE. (00:14)
02. Peterson's Move from EMC to Data Republic. (00:52)
03. Using the Data for More Value. (02:30)
04. The Rich Are Getting Richer. (03:48)
05. Completeness, Integration and Hybrid Cloud. (06:07)
06. Asking Bigger Questions. (09:40)
07. The New DMZ for Data. (11:36)
08. The Time Is Now. (13:15)
09. Opportunities for Entrepreneurs. (14:54)
#theCUBE #BigDataSV #SiliconANGLE #BigDataSV
--- ---
Sitting on a goldmine: What a free market for data will mean for businesses | #BigDataSV
by R. Danes | Mar 29, 2016
The hype around Big Data continues to grow, and we are seeing some applications and use-cases to back it up. However, applying data science to the real world is still a nascent field in technology — so nascent that, according to Ryan Peterson, CTO of Data Republic Pty. Ltd., the most successful companies working with data are only 10 percent of the way there. But in the meantime, he contends that a free market for valuing and exchanging the data we have holds exciting prospects for companies.
Peterson told John Furrier (@furrier) and Jeff Frick (@jefffrick), cohosts of theCUBE, from the SiliconANGLE Media team, that Data Republic’s mission is to take data sharing from the time-consuming peer-to-peer model to a much speedier, centralized marketplace. And that aggregating will help give companies a much clearer picture of their demographic behavior. The conversation took place at the Fairmont San Jose in San Jose, California, where BigDataSV 2016 celebrates #BigDataWeek, including news and events from the #StrataHadoop conference.
To show how aggregating gets you closer the the source, Peterson offered this example: “The fact that you searched for an iPhone on the Internet doesn’t mean that you’re necessarily going to buy one. But the fact that you bought one means that you bought one. So I’m going to the actual banking data.”
A new line on the P&L report
Peterson shared a story about Ceasar’s Entertainment filing for bankruptcy only to find out later that its data was worth a billion dollars. Peterson doubted whether the company would ever have filed for bankruptcy if it had known the value of its data. He predicted that many companies will be similarly surprised once a free market begins to put value on data.
“Imagine in the future if people start seeing the biggest number on their P&L, the biggest number on their balance sheet being Big Data,” he said.
@theCUBE
#BigDataSV #StrataHadoop
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Ryan Peterson, Data Republic | Big Data Silicon Valley 2016
01. Ryan Peterson, Data Republic, Visits theCUBE. (00:14)
02. Peterson's Move from EMC to Data Republic. (00:52)
03. Using the Data for More Value. (02:30)
04. The Rich Are Getting Richer. (03:48)
05. Completeness, Integration and Hybrid Cloud. (06:07)
06. Asking Bigger Questions. (09:40)
07. The New DMZ for Data. (11:36)
08. The Time Is Now. (13:15)
09. Opportunities for Entrepreneurs. (14:54)
#theCUBE #BigDataSV #SiliconANGLE #BigDataSV
--- ---
Sitting on a goldmine: What a free market for data will mean for businesses | #BigDataSV
by R. Danes | Mar 29, 2016
The hype around Big Data continues to grow, and we are seeing some applications and use-cases to back it up. However, applying data science to the real world is still a nascent field in technology — so nascent that, according to Ryan Peterson, CTO of Data Republic Pty. Ltd., the most successful companies working with data are only 10 percent of the way there. But in the meantime, he contends that a free market for valuing and exchanging the data we have holds exciting prospects for companies.
Peterson told John Furrier (@furrier) and Jeff Frick (@jefffrick), cohosts of theCUBE, from the SiliconANGLE Media team, that Data Republic’s mission is to take data sharing from the time-consuming peer-to-peer model to a much speedier, centralized marketplace. And that aggregating will help give companies a much clearer picture of their demographic behavior. The conversation took place at the Fairmont San Jose in San Jose, California, where BigDataSV 2016 celebrates #BigDataWeek, including news and events from the #StrataHadoop conference.
To show how aggregating gets you closer the the source, Peterson offered this example: “The fact that you searched for an iPhone on the Internet doesn’t mean that you’re necessarily going to buy one. But the fact that you bought one means that you bought one. So I’m going to the actual banking data.”
A new line on the P&L report
Peterson shared a story about Ceasar’s Entertainment filing for bankruptcy only to find out later that its data was worth a billion dollars. Peterson doubted whether the company would ever have filed for bankruptcy if it had known the value of its data. He predicted that many companies will be similarly surprised once a free market begins to put value on data.
“Imagine in the future if people start seeing the biggest number on their P&L, the biggest number on their balance sheet being Big Data,” he said.
@theCUBE
#BigDataSV #StrataHadoop
