Network Analytics
The science of describing and, especially, visualizing the connections among objects. The objects might be human, biological or physical. Graphical representation is a crucial part of the process; Wayne Zachary’s classic 1977 network diagram of a karate club reveals the centrality of two individuals, and presages the club’s subsequent split into two clubs. The key elements are the nodes (circles, representing individuals) and edges or links (lines representing connections).
Networks, Crowds, and Markets
Explore Data & Analytics Statistics
- 55 percent of North American businesses have adopted big data analytics.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- Businesses that use big data saw a profit increase of 8–10 percent.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
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