Embracing Big Data

February 2nd, 2017 | Posted by Alexa Magdalenski in Capital Data Summit | Guest Blogs | Member Blog Posts - (Comments Off)

The inaugural 2017 Capital Data Summit is less than two weeks away! Susan Burke, vice president, single family data delivery services at Freddie Mac, will be participating on the Role of the CDO panel at the Summit. In her guest blog post, Burke shares thoughts and questions leaders should consider when aligning big data activities with their organization’s business goals. 


Freddie-Mac-Web-LogoLike many enterprises, we at Freddie Mac are in the process of determining what big data means to us. This past year, we started our journey to expand from the traditional rationalized data stores to the world of unstructured data and new technologies. One step on that path was considering a Hadoop environment. Would it bring value? What business problems would it solve?

The first lesson we learned is one that we tend to see repeated in the IT-business world. In our case, we raced to develop a new technology. Why wouldn’t we, when there were “obvious” value propositions we knew we could deliver? It quickly became apparent that, while our initial proof-of-concept provided insight into what needed to change from a back-end engineering perspective, we had not aligned with the business. Without a strong business champion, technology for the sake of technology efforts is doomed.

Fortunately, a strong, respected business leader stepped up to garner support and help IT define the business-use cases that would deliver value to the organization. Off we went.

Now that we’ve implemented Hadoop, what does it mean? How do we support it? Where do the data scientists fit into this picture? The technology in the data landscape is changing fast — and it is evolving in ways that were unimaginable just a few years ago. That means IT organizations are changing. The skill sets needed are different. The delivery methods are different. The way we integrate into our existing environments is different. We need to ask, “What hypothesis do I want to explore?” instead of “What are the requirements?” And all change is hard.

We decided the most useful model for Freddie Mac is one that combines business and IT resources in one team, so we created our Big Data Center of Excellence (CoE). This CoE brings together dedicated resources to support the development of use cases, deliver data not currently available on the platform and measure value. The data scientists remain in the business areas and can concentrate on asking new questions and executing analytics and visualizations.

The rapidly-evolving world of big data is exciting, and both IT and the business are in it together. We will continue to partner closely with our business leaders to identify the most impactful structure to help us evolve to a data lake structure.

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Transp Data Summit Logo - TransparentThe 2017 Capital Data Summit is just over TWO weeks away on February 15, 2017 and will be held at The Ritz-Carlton, Tysons Corner. Just today, we launched an exciting new afternoon panel session: Help Wanted: Defining and Finding Data Analytics Talent.

The demand for workers skilled in data analytics continues to grow and big data companies are struggling to find qualified employees with the right skillsets for their open positions. This panel will explore the qualifications required in a big data workforce, discuss how and where they currently find their employees and share best practices for sourcing talent through academic partners.

The all-star panelists and moderator headlining the session include:

Panelists:

  • Bob Aldrich, Chief Financial Officer, Zoomdata
  • Dr. Ali Eskandarian, Dean, Virginia Science & Technology Campus and College of Professional Studies, The George Washington University
  • Steve Partridge, Vice President of Workforce Development, Northern Virginia Community College
  • Dr. John Zolper, Vice President, Research and Innovation, Raytheon

Moderator:

  • Stephen Barkanic, Senior Vice President and Chief Program Officer, Business-Higher Education Forum

We’re adding new content and speakers every week! View the latest Capital Data Summit agenda here.

Keep up with all of the Capital Data Summit action on Twitter with our hashtag: #CapitalData and by following @NVTC!

 

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Whose Data Is It Anyway?

January 24th, 2017 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

Transp Data Summit Logo - TransparentWe’re less than a month to go until the 2017 Capital Data Summit taking place on February 15, 2017 at The Ritz-Carlton, Tysons Corner.

Every week we’re updating the Data Summit agenda with new speakers and more information on the Summit panels. This week, we’re excited to share more details on our big data ethics and privacy panel: Whose Data Is It Anyway? Ethical Implications of a Big Data World.

The explosion of information over the past several years has led to a scramble to understand the effects of collecting, storing, sharing, analyzing and interpreting data. The potential for impact on policy, media, economics, education, healthcare and on our social fabric means that the data itself, as well as the algorithms used to analyze it, hold a lot of power. Questions of ownership, governance, tools, privacy and social impact are at the heart of big data. This panel will discuss the complexities and power of social contracts, legal implications of the use and analysis of data, as well as the idea of algorithmic integrity and the responsibilities of people behind it. The group will also discuss the rise of the term “fake news” and the impact of data journalism and access to media. As the landscape continues to change, we must continue to evolve our thinking on the ethical, legal, moral and policy implications of big data.

The latest panel participants include:

  • PV Boccasam, General Partner, Novak Biddle Venture Partners
  • Emilio Garcia-Ruiz, Managing Editor for Digital, The Washington Post
  • John Gaul, Senior Vice President and General Counsel, Inova
  • Rachelle Hollander, Director, Center for Engineering Ethics and Society, National Academy of Engineering

Moderator: Ruth Bernheim, William Hobson Professor and Chair, Department of Public Health Sciences, University of Virginia

Keep up with all of the Capital Data Summit action on Twitter with our hashtag: #CapitalData and by following @NVTC!

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Transp Data Summit Logo - TransparentNVTC is thrilled to share that DigitalGlobe‘s Founder, Executive Vice President and Chief Technical Officer Dr. Walter Scott is the latest 2017 Capital Data Summit keynote speaker. The Capital Data Summit will take place on February 15 at The Ritz-Carlton, Tysons Corner. Dr. Scott joins Clarabridge Executive Chairman and Co-Founder Sid Banerjee and Hewlett Packard Enterprise’s President and CEO Meg Whitman as keynote speakers.

Walter Scott v3Dr. Walter Scott manages the development of DigitalGlobe’s satellite systems, R&D and DigitalGlobe’s Platform and Services Business Units. Dr. Scott founded DigitalGlobe in 1992 and received the first high resolution commercial remote sensing license from the U.S. Government in 1993. Today, DigitalGlobe operates a 5-satellite imaging constellation with the highest resolution, best revisit and greatest capacity in the industry.

We’re adding new speakers every week! View the latest Capital Data Summit agenda here.

Keep up with all of the Capital Data Summit action on Twitter with our hashtag: #CapitalData and by following @NVTC!

Learn more about the Summit’s in our preview video!

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Transp Data Summit Logo - TransparentPreparations are well underway for our inaugural Capital Data Summit taking place in just over a month on February 15, 2017 at The Ritz-Carlton, Tysons Corner. We’re excited to share two new panel sessions just added to the Summit lineup: Big Data Applications and Big Data Centers and Identity Management in the Age of the Internet of Things.

Big Data Applications and Big Data Centers

This session brings together leading end users of big data applications from top companies to discuss the value these applications deliver to their businesses and the requirements they generate for data centers and cloud services both in Northern Virginia and globally.

Identity Management in the Age of the Internet of Things

Panelists:
Paul Grassi, Senior Standards and Technology Advisor, NIST
Matt Hummer, Director of Analytics, Govini

Moderator:
Scott McDuff, Chief Architect, Sterling Computers

We’re adding new panels and speakers every week! Keep up with all of the Capital Data Summit action on Twitter with our hashtag: #CapitalData and by following @NVTC!

View the latest Summit agenda here.

Learn more about the Summit’s in our preview video!

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Transp Data Summit Logo - TransparentJoin the region’s leading big data and analytics companies and prominent thought leaders at the 2017 Capital Data Summit on Feb. 15, 2017 at The Ritz-Carlton, Tysons Corner.

Featuring keynotes from Clarabridge’s Sid Banerjee and Hewlett Packard Enterprise’s Meg Whitman and panels including big data experts from Capital One, District of Columbia, Goldman Sachs, IBM, Revolution Growth, Virginia Tech and more, the Capital Data Summit will provide an unprecedented opportunity to accelerate and promote the region’s data innovations, connect people, companies and academic partners, and showcase the region’s technology assets.

See the full Capital Data Summit agenda here.

Learn more about the Summit’s in our new preview video!

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