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1. Summarize the Article 2. Analyses of Article Extracting Insights from Vast St

ID: 337015 • Letter: 1

Question

1. Summarize the Article

2. Analyses of Article

Extracting Insights from Vast Stores of Data 8 by Rishad Tobaccowala and Sunil Gupta 2 Companies have invested millions of dollars in big data and analytics, but recent reports suggest 0 smart companies extracting insights from these vast data reservoirs in order to fuel profitable In a provocative and influential article, Chris Anderson, the editor of Wired magazine, argued," faced with massive data, this approach to science - hypothesize, model, test - is becoming obsolete... There is now a better way. Petabytes allow us to say: 'Correlation is enough.' We can stop looking for models. We can analyze the data without hypotheses about what it might show."

Explanation / Answer

1. Summarize the Article

2. Analyses of Article

Extracting Insights from Vast Stores of Data 8 by Rishad Tobaccowala and Sunil Gupta 2 Companies have invested millions of dollars in big data and analytics, but recent reports suggest 0 smart companies extracting insights from these vast data reservoirs in order to fuel profitable In a provocative and influential article, Chris Anderson, the editor of Wired magazine, argued," faced with massive data, this approach to science - hypothesize, model, test - is becoming obsolete... There is now a better way. Petabytes allow us to say: 'Correlation is enough.' We can stop looking for models. We can analyze the data without hypotheses about what it might show."