Transforming Industry Through Data Analytics

Preface

Since the dawn of time, humans have steadily improved every aspect of life by applying their intellect to the world around them. We call this practical application of knowledge “technology,” and the history of the world is that of one technological advancement after another. Technology does not advance in a smooth continuous line. There are innovative leaps during which step-function changes occur, followed by long periods of improvement and refinement until the next innovation.

These leaps in technology are incredibly disruptive, providing both challenge and opportunity. Enterprises that recognize the challenge, adapt to the change, and take advantage of the opportunity are the ones that succeed and thrive; those that don’t die off.

With the advent of computers, a new kind of technology was born: one based on the storage, retrieval and processing of data. This information technology, or informatics, dramatically changed the way we view and analyze the world around us. As a technology, informatics is also subject to the same innovative, step-function advances of all technologies, but with one important difference: the speed with which change occurs in informatics is significantly faster than with non-information technologies.

When we look back we view these leaps in technology and informatics as discreet points in time. In actual fact, there is a transition period during which the technology is developed and refined, and then applied to everyday life, bringing positive ...