In Media, Big Data Is Booming but Big Results Are Lacking
allthingsd.com
allthingsd.com
Take their House of Cards example. Netflix saw a strong correlation between David Fincher, Political Thrillers, and Kevin Spacey. Fantastic. But why? What did people like about these things? Why did this 'work'?
Let's try to replicate this decision: take great directors (Wachowski siblings), a strong cast (Emille Hirsch, John Goodman, Susan Sarandon), and nearly unlimited budget ($200m) to reboot an existing, well received franchise. Should be a hit, right? Wrong - it's a complete and utter failure known as 2008's Speed Racer.
When we say we want to be data-driven we actually mean we want to be insights-driven. We want to understanding the "Why?" from the data's "What"; it's the 'Why' which lets us know how to react next. It's easy to confuse the data's specificity with insight's certainty, but they are distinctly not the same: We can pinpoint conversions down to 6 digits of significance without having a clue why it occurs.
What we really need is Big Insight, but that's a significantly harder problem, not because we don't have the technology to create a solution, but because don't even know what the right questions are.
I'm optimistic about the possibilities of a system like IBM's Watson in helping solve this, but as it stands, Big Data's utility is giving us 99.755% certainty that we have no idea what is going on.
The way "big data" is stored today also poses problems with respect to queryability. NoSQL systems are great at storing huge amounts of data efficiently but don't help us slice and dice the data easily. Having to write map reduce jobs for every "query" is painful and time consuming. Tools like Hive, Pig and Cascading help in writing MR jobs succinctly but are still very slow when someone wants to quickly filter and explore the data.
I personally find that using the Spark repl is both efficient and flexible; and being able to cache data in memory makes for very fast iterations, especially when doing something more sophisticated.
There's also Cloudera Impala, but I've never used it, nor do I think I'll ever have to given what the AMPLab folks are doing.
Unless we now see a consistent strike of at least 5-10 original series of original programming that become hit series the whole bid data thing is based on lucky guessing (original programming - not some recycled material - after all House of Cards was already a success in the UK and next in line, Arrested Development, is having already a hardcore fan basis).
Btw, is anyone having some numbers how "House of Cards" is performing in comparison to original HBO programming?