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Three Signs Your Big Data is Going to Waste

Big data is everywhere. Entire companies have sprung up saying they can produce it, mine it, slice it, dice it, present it, sell it, and even make predictions based on it. And just about every company is examining how they can leverage their data to reduce costs, increase productivity and produce new revenue. Companies are spending a lot of time, effort, and resources to find that holy grail of data.

Even though data mining and analytical tools have the ability to potentially predict some sort of future, these are no more than diamonds in the rough. Data pros know they are worth something to their operation (potentially a lot), but most people don’t know what to do to turn that data into action. It’s rare to find an organization that is not wasting the true potential of big data. How do you know if your company is wasting this diamond mine?

Here are three signs:

  • Your data can’t answer the questions, “What do I do now?” “Which of my resources do I deploy for what demand to get the most out of my operations from a customer service and profitability perspective?” Predictive analytics focus on a potential future. But what about the right now? When you turn data into action through optimal decision-making, this data becomes much more valuable and productive
  • You can’t react to disruptions in real-time. Operations should be able to adapt in real-time to produce the best possible outcomes given changes and disruptions that occur. When something breaks down in your resource chain, or when new demand comes in, the data at your disposal should turn actionable and provide you with updated operational plans.
  • You rely on human intuition vs using data to make intelligent, informed, and integrated decisions. Even with the best big data and predictive analytics systems, many companies are still using intuition to make their final operational decisions. This is very limiting and does not maximize the value of the data available. Our human minds can only retain and analyze so much information at once, and do so in a consistent, scalable, and repeatable manner.

If your data is not working for you in real-time, all the time, dynamically generating the most optimal decision for your operation at any point in time, regardless of changes and disruptions, then it’s time to rethink your data strategy.

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Smart Cities under construction

No car ownership, no waiting rooms, instant transportation / deliveries, and more by Pam Baker at FierceBigData

Smart cities, aka Intelligent Cities, may sound futuristic. Actually, most of the technology needed to make them happen already exists and is being deployed to varying degrees in cities around the globe. In the not-so-distant future, the Collaborative Economy, sophisticated automation technologies, the Internet of Things and big data will converge to make everyday life very different than it is today.

Don’t worry, we’re not all going to suddenly give our cities a makeover, Jetsons-style. Instead, these technologies are embedded in things we already have – like cars, bridges and roads, smartphones, lightbulbs, just about everything actually.

To give you an idea of how our ordinary cities will start their journey to smartdom, take a look at the infographic below by BoldIQ. It’s all about personally owning very little, sharing almost everything and optimizing everything we do through the use of smart data, real-time analytics and automation.

Odds are that your own city is waking up now, sensing things – such as movement and user demands it once was blind to – and beginning to respond. That will increase over time as existing technologies are plugged in or modified throughout your area.

Pretty cool, huh. We are the masters of our world and our technology proves it. Of course, new tech is being developed every day, but you have to admit this is an impressive start towards a brighter, better future.

See the full version

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BoldIQ and the U.S. Army’s 2nd Ranger Battalion

BoldIQ supports the special operations warriors of the 2nd Ranger Battalion at the annual ‘Ranger Regatta’

While we are in the software business, and they are a special operations Army battalion, we have a lot in common, especially when it comes to our people. Both BoldIQ and the Army Rangers require of their team members, personal excellence across many attributes and to be extremely proficient in complex operations.

We are proud to support these great soldiers and their families.

For more information about the Ranger Regatta, click here.

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BoldIQ Reveals Vision of Tomorrow’s On-Demand City

We live in an on-demand world defined by smart mobile devices, big data and the sharing economy, but today’s on-demand world is still supply-driven – constrained by the availability of resources and the intelligence of our decision making. But what if those constraints disappeared?

In just a few years, our definition of “on-demand” will be a moment in history. Thanks to the expansion of real-time dynamic optimization technologies, “on-demand” will be truly “demand-driven” – instantaneous, efficient and without wasted resources.

Imagine a demand-driven smart city with fewer cars and autonomous vehicles, no parking lots, rapid deliveries (many by drones) and efficient at-home medical services. How will this be possible? Check out BoldIQ’s new infographic, which sets the vision for how dynamic operational optimization software can make “Tomorrow’s Intelligent On-Demand City” possible today.

View this infographic here.

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BoldIQ Sets Vision for Tomorrow’s On-Demand City Using Technology of Today

BoldIQ, Inc. a global provider of dynamic real-time optimization software, today shared its vision for tomorrow’s on-demand city, leveraging the technology of today. With dynamic real-time optimization software, the way we experience the world will transform, from healthcare and transportation, to deliveries and staffing, as illustrated in this infographic “Tomorrow’s Intelligent On-Demand City.”

BoldIQ asserts that today’s on-demand world is defined by smart mobile devices, big data and the sharing economy. However, the world is still supply-driven, constrained by resource capacity, antiquated scheduling technologies and inefficient decision-making. Dynamic real-time optimization can eliminate those constraints by taking all operational, financial, regulatory and environmental aspects into account in real-time, all the time.

The infographic depicts three scenarios that demonstrate a new way to experience on-demand, enabled by dynamic optimization, including:

  • Demand-Driven Staffing and Scheduling. Scheduling staff efficiently while maintaining a healthy work-home balance for the team is a challenge. With disruptions to staff availability, changing schedules and demand, to regulatory and operational constraints happening each day, businesses must be able to adapt in real-time. BoldIQ’s vision is for the right employee to be connected with the right task within seconds.
  • Demand-Driven Healthcare and Transportation. Healthcare and transportation both operate under complex regulatory constraints and continuous changes to availability and demand. BoldIQ enables a future where healthcare services could be delivered at home when needed and a network layer that would enable the right transportation.
  • Demand-Driven Repair and Delivery. Delivery requires the consideration of demand, resource availability, and vehicle maintenance and of course changes in weather and traffic. BoldIQ imagines a future where deliveries go off without a hitch and a system that can quickly react to vehicle breakdowns so there is little disruption to the delivery schedule.

“Organizations can implement technology available today that will transform how we experience healthcare, delivery, home services, and transportation,” said Roei Ganzarski, president & CEO of BoldIQ. “We can create an exciting, more efficient and truly demand-driven world that leverages new advancements. Picture delivery drones, driverless cars for transportation versus car ownership and at-home care at a push of a button. Tomorrow’s on-demand city is possible today.”

BoldIQ’s technology has helped its customers in complex business environments drive significant increases in productivity, decreases in operating costs and increases in their revenue-generating capacity.

To see this city in action, view or download the infographic “Tomorrow’s Intelligent On-Demand City.”

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BoldIQ at New Tech Seattle

Roei Ganzarski shared BoldIQ’s vision of a true on-demand world with the New Tech Seattle audience Tuesday evening. The future of on-demand is one where companies are not constrained by resources, or antiquated scheduling capabilities. A world in which companies can meet their demand in real-time, all the time, with maximum efficiency and minimal waste. BoldIQ offers that future today.

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BoldIQ CEO to speak at New Tech Seattle on June 16th

New Tech Seattle

Tuesday, Jun 16, 2015, 5:00 PM

Cornish Playhouse at Seattle Center
201 Mercer Street Seattle, WA

271 New Techies and Friends Went

RSVPs are OPEN at https://events.bizzabo.com/NTS0615 – NOT on this page, which incorrectly shows RSVPs as “closed.”Join us to experience Seattle’s most active tech community, and it’s largest and most fun monthly event!New Tech Seattle brings together smart, fun, innovative people with a ‘give first’ community attitude. Our members come from acro…

Check out this Meetup →

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BoldIQ Strengthens Core Team

BoldIQ shared that it filled three key roles, appointing Alex Panov and Mike Christensen, as Senior Software Engineers, and Olga Lepekhina, as Software Test Engineer.

“We are very excited that Alex, Mike, and Olga have joined the BoldIQ team,” said Roei Ganzarski, President and CEO of BoldIQ. “They each have a proven track record in their field that will benefit our customers. The addition of these accomplished team members strengthens BoldIQ as we continue to grow and provide value in the market place.”

Alex Panov has over fifteen years of software development experience including roles at Microsoft where he worked on JavaScript runtime and Automation systems, ORC Software, and ABB. Alex earned both a Bachelor’s degree and Master’s degree in Computer Science from Moscow State University.

Mike Christensen has over seventeen years of professional software development experience, including eleven years working at Microsoft. He has founded and worked at various startups, and consulted for both large and small technology companies.

Olga Lepekhina brings extensive test automation experience to BoldIQ. She most recently worked at Vertigo Software, testing a variety of video applications including: the March Madness player for CBS, the Emmy-nominated Vancouver Olympics, and other events for NBC, and Microsoft’s PDC 2010 Conference. Olga earned her degree in Mathematics from Moscow State University.

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BoldIQ CEO Gives Keynote at Global Business Perspectives: Technology Summit

BoldIQ President & CEO Roei Ganzarski gave the lunch keynote on Saturday, May 2 at the Global Business Perspectives: Technology Summit, at the University Of Washington Foster School Of Business. The half-day summit featured influential global technology companies and covered relevant hot topics like cybersecurity, Big Data, and more. Other presenters included speakers from Apple, Amazon, Google, Tableau Software, and Microsoft. Roei’s lunch keynote discussed the future of an on-demand world and the role of emerging technologies. Roei discussed the possibilities for transportation, delivery, healthcare, staffing and more.

Click here or on the photo to watch

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Optimization Could Reduce Backlog at West Coast Ports – a BoldIQ byline in Material Handling & Logistics

Earlier this month it was leaked that the ports of Seattle and Tacoma are discussing merging to try to create efficiencies to combat the growing ports of Vancouver (Canada) and those in California. This comes right after nine long months of dispute that finally ended with West Coast port employers and union members reaching a tentative five-year agreement on a new contract. The two sides were praised for their compromise, and the ports were slated to resume full operations the following day. However, the need for increased efficiency and throughput—both in times of calm and times of disruption—is still very much there.

According to Peter Friedmann, executive director of the Agriculture Transportation Coalition in Washington, D.C., this specific port backup is projected to continue for two months or more, which will affect countless American workers, businesses and consumers. And, that’s not even taking into consideration the daily disruptions and slowdowns that occur in a normal operating week.

So what can the ports do to be more competitive and more resilient to disruptions? The answer is implementing technology to dynamically optimize their operations—in other words, use data already available to the ports to find the most efficient solution possible in the same way that they operate: in real-time, all the time.

The aviation industry is a perfect example of how companies are utilizing technology to plan ahead and then react in real-time to changes. In fact, some retailers and manufacturers turned to the air to move goods during the port shutdown. The aviation industry—similar to the ports—must function within an environment that is not only highly regulated, but also prone to ongoing changes and disruptions like changing customer demand, mechanical failures, employee illness and weather.

The aviation industry has turned to dynamic optimization that provides real-time optimal plans for both planning ahead and reacting to ongoing changes. While ports crawl through backlog trying to recover, and discuss potential mergers to gain some competitive advantages, the aviation industry can react to disruptions, like unexpected sick time and weather, all while using minimal resources to meet demand and reduce fuel burn and emissions. The result? A 16% reduction in operating costs and 20% increase in capacity using their existing resources. Time and money saved—two things the ports could benefit from.

To clarify, this is not about reducing equipment or staff. That would be the ‘easy’ obvious answer because while it might cut costs for a port, it will not do much for the economy or employees. This is about addressing better planning and reacting to change, in real-time, of the use of the equipment and staff, so that increased throughput is enabled in the port. In fact, when applied correctly, this will lead to top-line growth in any given port and thus probably to hiring of more staff.

Optimizing operations could make a difference of millions, if not billions, of dollars. Beyond the pure dollar impact, harnessing this type of technology will help ensure the longevity of importers and exporters, employers and employees, and the economy as a whole.

Until the ports have implemented a system to optimize their operations, they will continue to be held hostage by inefficiency and inertia. The model for this new streamlined operation is out there, and it’s working. The question is whether or not the ports will follow the trend and get on board.

Click to see full version

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