How do you get a weak signal from noisy data? That’s the question Blu Putnam, Managing Director and Chief Economist at exchange operator CME Group says will dominate the future of data analysis.
At a time when everyone is suffering from information overload, everyone also has a choice to make about how they handle and analyze the data they work with and often live by. While Putnam takes a ‘Bayesian’ approach (learn more about that here), others are trusting in everything from aggressive data mining to narrowing down data needs to suit desired outcomes (learn more about a wind energy startup based on that premise here).
Big Data and how to handle it is set to be one of the most daunting challenges and one of the most self-evident opportunities for companies and countries looking at their digital futures. Listen to Blu describe his outlook for big data on this video, discuss the subject here, and look for more videos from Breaking Energy featuring our discussions with Blu on the floor of the New York Mercantile Exchange here.