Big Data, Predictive Analytics and Creme Global
Written by Cronan McNamara
Above: Cronan McNamara explains Creme Global's Expert Models. (Pictured from left: Minister Richard Bruton, Jason Ward, Enda Keane, Cronan McNamara and Dave O’Flanagan)
Bill McCluggage, the recently appointed Irish Government CIO opened the Enterprise Ireland Big Data workshop with an analysis of data trends globally and the challenges of dealing with data sets of 100’s of Terabytes in size. Big Data is defined by its volume, velocity and variety. Each part has its own challenges and requires technology and data scientists working together.
Data is a raw resource and McCluggage outlined studies that have shown that only 4% of data is analysed. The rest is simply stored and archived. This is an interesting opportunity and also a huge challenge in our current era of big data.
McCluggage has responsibility for the development of the ICT strategy for the Irish Government and the wider public service. McCluggage spoke of the Government 2.0 initiative in which government, citizens and innovative companies can improve the transparency and efficiency of government and make the most of the data that is captured and stored. Silos need to be broken down and government data needs to be made available for analysis.
The potential for smarter, healthier and safer cities is enormous if government data can be opened up to innovative companies and data scientists. Government dashboards can be created which will give access to important information and trends, in real time, to facilitate more effective decisions.
Creme Global specialises in accurate and trusted analysis of data to inform better decisions
Cronan McNamara presented Creme Global’s approach to capturing and analysing data to answer important questions. He outlined the challenges Creme Global overcomes every day to produce actionable information from raw data and illustrated this with some case studies from Creme Global’s cloud based data modelling applications. Creme Global adds value by providing accurate and trusted analysis and results from raw data to inform better decisions.
The workshop was addressed by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD. He discussed key issues around skills shortages and government support initiatives. This was followed by a question and answer session with the panel.