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Organizations have a trove of information stored both on premises and in the cloud. Finally they are starting to leverage it using business intelligence (BI) software. Here’s an article that describes the recent explosion in Big Data usage, as well as the even bigger explosion due to occur in 2017.
An easy onramp into BI is described in my new video course, Getting Started with Microsoft Power BI. Subscribe to this site, using the text boxes on the left, to keep up to date on Big Data, Business Intelligence, SQL, and all things data.
Monica Bryne is a critically acclaimed science fiction novelist. She recently gave a TED talk on the economic realities of being an artist. This was a real eye-opener for me. I have never considered myself to be a fantastically successful author. I’ve never won any awards or critical acclaim. However, I find that compared to Monica, and apparently many other artists of all kinds, I am a veritable superstar, in that I can support myself with my art. Of course it helps that my wife has a great job as a clinical laboratory scientist.
In1965, Gordon Moore wrote an article for an electronics industry magazine where he noticed that computer memory manufacturers were doubling the number of memory cells that they could fabricate on a single silicon chip about every two years. This translated to the fact that every two years, you could get about twice as much computing power for the same amount of dollars as you could get two years before. This is the hallmark of exponential growth.
Moore’s Law has been in operation now for over 50 years and still holds true. That is why the supercomputers we carry around in our pockets and purses, called phones, have the capabilities that they do.
Back when Gordon Moore made his famous observation, there were no iPhones, tablets, or personal computers. At that time a computer filled an entire room much bigger than the room you are probably in right now.
One of the most common tasks in business in those days, as it is now, was to do financial analysis with an electronic spreadsheet. I worked with a company that offered such a spreadsheet for IBM mainframe computers. They rented it to their clients for $25,000 a month, and that was in the days when $25,000 was worth a lot more than it is now.
Personal computers appeared on the scene in 1975, but were considered to be toys by IBM and the other mainframe manufacturers of the day, and were ignored. In many ways, they were toys because the programs that early hobbyists wrote for them were not particularly business oriented.
That changed in 1979 when Dan Bricklin’s Software Arts released VisiCalc for the Apple II. The program was immediately recognized as so valuable, that it not only justified its purchase price — all by itself it justified the purchase of the computer that it ran on as well. It was the world’s first killer app.
After a brief time in the sun, VisiCalc was superseded by Lotus 1–2–3, which had more features and ran on the IBM PC. Lotus 1–2–3 was later displaced by Microsoft Excel, which ran under the new Windows operating system as well as on the Apple Macintosh. Excel is still at the top of the spreadsheet heap today, but the market has evolved.
Today, organizations have data stored in a variety of formats that have been created by different programs. In many cases, they want to pull data from different sources, combine it in a meaningful way, and present the result in a way that brings out trends and emphasizes what is important. This field is called Business Intelligence or BI. A number of companies worldwide have been active in BI for many years. SAP is one example and SAS is another.
BI products have tended to be quite costly, earning high profit margins for their purveyors. However, Moore’s law has now become a factor in the BI marketplace. Microsoft has recently evolved extensions to its ubiquitous Excel spreadsheet product into a new cloud-based BI product called Power BI.
One way to look at Moore’s law is to say that every two years you get twice as much computing power for the same cost. There is another way, however. That is to say that every two years you get the same power for half the cost. The ultimate result of that way of looking at it is that commodities that are subject to Moore’s Law eventually become free. This is essentially true of hard disk drives, where you can now get a drive holding trillions of bytes for well under $100. It has also come to business intelligence in the form of Microsoft’s Power BI, which is literally free. No cost whatsoever. Nada.
Microsoft is using Power BI as a lure to pull businesses into their ecosystem of products. Power BI is free, but once you have it, you are going to want the other Microsoft products that are tightly connected to it.
Moore’s Law rolls on far beyond what Gordon Moore or anyone else at that time ever thought it would. We today are the beneficiaries. If you run a business of any kind today, take a look at Microsoft’s Power BI. The price is right. You might also be interested in my course on Power BI from O’Reilly Media, titled Getting Started with Microsoft Power BI. In addition, subscribe to my blog at allengtaylor.com.
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A Tesla in the Netherlands predicted an immanent crash several seconds before it happened, warned the driver and started braking, preventing a possible multiple car pileup. https://electrek.co/2016/12/27/tesla-autopilot-radar-technology-predict-accident-dashcam/
CRISPR is the new gene editing technology that has exploded onto the health and longevity map, including early recognition of its significance by the Nobel committee. Here are some exciting places that it could take us as soon as this year.
Elizabeth Blackburn of the Salk Institute in La Jolla, California has a new book named “The Telomere Effect” that explains lifestyle choices you can make that will add years to your life. Read about it here: