The Value Chain of Analytics

Steven Lindo
Written by Steven Lindo
on July 25, 2014

Data vs. Information:

Raw data by itself is not very interesting. However, by applying purposeful processing with analytic algorithms to your data you can turn the unattractive bundles of characters and numbers into information and patterns, thus exposing the beauty and value of the data. But wait, there’s more. Information that is merely explanatory is less valuable than information that leads to action. So the promise from data science is that the value for your data is in the analytics and that the highest value is in the analytics that leads to action. Do you agree? Let us examine the value chain of analytics together.

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Crowdsourced “Open” Innovation an Imperative for Professional Services Firms

John Barker
Written by John Barker
on July 14, 2014

The Financial Times’s most recent Special Report on The Connected Business inspired me to think about the imperative for law, accounting, and professional services firms (PSOs) to adopt techniques of crowdsourced open innovation methods for enhancing services delivery to their clients. Crowdsourcing in the context of innovation essentially refers to submitting problems to an open or restricted community and asking for suggestions and perhaps even joint development. Winners might even get a reward as part of a contest. In the context of PSOs, the community might be the members of a corporate legal department and partners, associates and paralegals in a law firm that traditionally has provided services to them. In an era where corporate legal departments are moving more work in-house and consolidating outsourced legal work to a smaller number of law firms, open innovation methods initiated by a law firm can help a corporate legal department refine its choice of law firm service providers more accurately. Here’s how it might work. Read further >


Enabling Comparative Effectiveness Research with PCORnet

Howard Strasberg MD MS
Written by Howard Strasberg MD MS
on July 11, 2014

In the United States, the Patient-Centered Outcomes Research Institute (PCORI) was created by Congress as part of the Affordable Care Act (2010) to fund comparative effectiveness research. This type of research compares different treatments to determine which treatments work best for which patients. To conduct such research on a national scale, there needs to be a way to combine the data from hospitals, clinics and patients around the country. To facilitate this type of data aggregation, PCORI recently launched a clinical research network called PCORnet. This network is described in the current issue of JAMIA by the authors Fleurence, Curtis, Califf, Platt, Selby and Brown. Read further >


Closely-Held ‘Corporate Christians’ Win Crusade Against Contraceptive Coverage

Law and Health Blog
Written by Law and Health Blog
on July 07, 2014

In a 5-4 decision, the Supreme Court ruled that HHS regulations requiring employer-sponsored health plans to include all FDA-approved contraceptives among the preventive services covered without cost sharing could not be applied to for-profit corporations with religious objections to some of the contraceptive methods. The Court ruled that the regulations violate the Religious Freedom Restoration Act (RFRA), which requires that federal government requirements that substantially burden religious freedom must serve a compelling interest and be the least restrictive means of furthering that interest. The Court rejected the government’s arguments that the corporate employers were separate from their owners and that for-profit organizations do not “exercise religion” (Burwell v Hobby Lobby, June 30, 2014, Alito, S). Read further >


Financial Times’ Special Report on Innovative Lawyers – AsiaPacific

John Barker
Written by John Barker
on June 30, 2014

Valuable insights appear in the recently released inaugural Special Report from the Financial Times on Innovative Lawyers in Asia-Pacific, which follow its earlier Special Reports on innovative lawyers in the US and Europe that I have blogged about in the past. The FT observes that many law firms in the Asia-Pacific are more innovative than their counterparts in the US and UK. Several factors contribute to this: Read further >


Let the Lawyer Play!

Ornella Zampieri
Written by Ornella Zampieri
on June 27, 2014

Playing is one of the human needs that lasts for a lifetime. We all need to have fun and since games are fun, providing players with a positive experience, people engage with games freely (when it is not pathological gambling) and with the mere motivation to enjoy themselves. Why don’t we consider our products for professionals as they were games? Read further >


Big Data Moves From Batch Analytics to Real-Time Analytics

Steven Lindo
Written by Steven Lindo
on June 23, 2014

The Volume, Velocity, and Variety of Big Data

By now you have heard about the three V’s of Big Data Analytics: volume, velocity and variety of data. By now you have also heard that there are solutions in place to handle these problems. The solution is basically anything built on top of Apache Hadoop 2.0, or competitive products. Hadoop is now packaged by Cloudera, HortonWorks, and MapR.

These software solutions provide the scalability, flexibility and architecture that enables enterprises to address these issues. How did they solve it so quickly? Competition. I love the competition in this space. It takes yesterday’s problems and accelerates solutions. The winners overall are the consumers of these products. A little over a year ago, you may have struggled through hours of configurations and installation steps to setup of Apache Hadoop, but today you can download a Cloudera/Hadoop VM and be up and running in less than an hour.

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Christian Dirschl
Written by Christian Dirschl
on June 20, 2014

Do you remember arguing with your partner during your holiday trip, whether the inconvenient street map on his/her lap is saying that you should take the next right turn or not? I do!

For some years now, we are more relaxed, because we have our digital lady telling us where to go. And if she is wrong, we know whom to blame, which strengthens our relationship even more.

What does this tell us about the future of the publishing industry?

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Exploring trends, content, technology, and new ideas in the global information industry. New posts every Monday, Friday, and whenever the innovation bug inspires us. Visit www.wolterskluwer.com to learn all about us.
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