We are constantly hearing words like “Big Data”, “Data Scientist” and “Predictive Analytics” – but what do they really mean? How can they help to predict incidents and drive prevention? What is the importance of engagement? And how will that drive the predictive model?
The term “Big Data” is really just a term to define the massive amount of information collected by any given company. In the safety industry, there are companies collecting up to 700 inspections per month- and that’s just for a few of their projects or areas within one facility. That is 700 inspections per month for the last 10 years. Each of those inspections is made up of an average of 50 items that are either safe or unsafe. This means that 4.2 million data points have been collected to date. That is “Big” data, right?