Big Data and the importance of Small Data
>> Event Overview
What makes it “big” and is it more important than small data? Spreadsheets can now handle up to 17 billion data items….but is that big data ?
We will look at what the term “Big Data” means, the opportunities it provides and how it is being used in organisations to make better informed decisions.
We will explore some of the risks it poses when used incorrectly and why data quality is important. We will also see how a single character typed in to a system incorrectly bankrupted a previously profitable business.
>> Learning Objectives
By attending the session, delegates will:
- Have a good understanding of what “Big Data” really means
- Have an appreciation of how organisations are using Big Data
- Know what the main components of a Big Data system are
- Be able to identify possible targets in their organisation to use big data
>> Speaker Biography
The webinar will be delivered by Gary Nuttall, an Emerging Technology Consultant with 35+ years experience in data, analytics and emerging technologies, of which 10+ years is in the insurance sector.
He provides education, consultancy and advisory services to firms across the spectrum of financial services and has worked with several insurance companies and InsurTechs and has delivered training in emerging technologies such as advanced analytics, big data, blockchain and AI to banks, insurance clients and regulators.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.