Tag Archive for savings

How the Oil Industry is Cutting Costs with Big Data

Oil Rig Maintenance in Darwin Harbour May 2006

by Angela Guess Elizabeth Dwoskin of the Wall Street Journal reports, “Big Oil is the latest industry to turn to Big Data software to shave costs. Pacific Drilling operates rigs in far-flung places like Nigeria, where the tab for feeding a 200-person crew, transporting equipment back and forth across 250 miles of ocean, and drilling…

IBM Business Analytics Software Saves Insurance Co. $2.4M in 4 Months

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by Angela Guess IBM today announced that Santam, the leading short term insurance company in South Africa, has already saved $2.4 million on fraudulent claims since implementing IBM’s business analytics software four months ago. According to the article, “The analytics software has enhanced Santam’s fraud detection capabilities and also enabled faster payouts for legitimate claims.”…

The DoD on Data

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by Angela Guess Amber Corrin reports, “A Defense Department advisory board has issued a report making recommendations for DOD’s move to cloud computing and data center consolidation, among them suggestions to strengthen governance, to coordinate strategies better across the department and to act decisively. The Defense Business Board’s report, dated Jan. 19, was presented in a…

The Numbers on Big Data

by Angela Guess Loraine Lawson recently ran the numbers on Big Data. She reports, “As companies unveil their quarterly earnings reports, I can’t help but notice a common trend: Many are crediting Big Data with their big earnings numbers. The most recent — oddly enough — was security vendor Symantec, which credited Big Data, along…

Survey Shows Poor Tracking of Data Management Metrics in Government

by Angela Guess A recent article reports, “MeriTalk, a government analysis organization, on behalf of NetApp, a provider of storage and data management solutions, surveyed 157 federal IT decision-makers in April and May to determine how well agencies were using metrics to measure data center consolidation savings and increasing efficiencies as they consolidate. The respondents…