Summary of Data is the Application - Eli Collins

00:00:00 - 00:20:00

Data is becoming increasingly important in our world, and as technology improves, the value of data rises. This is causing a shift in how we think about applications, and developers need to be prepared to adapt. The Eli Collins project is one example of how data is being used to create new and innovative applications.

• 00:00:00 Data is the application, and as technology improves and decreases in price, the value of data increases. This, in turn, is driving down the cost of using high-performance computers and making it easier for data-centric people to do their jobs.
• 00:05:00 Data is the application, and as algorithms and techniques become more sophisticated, the value of data rises. Big data is not just about the size of your database, but the ability to use all of it to benefit an application. This is the third trend in big data, the democratization of analytics. Analytics is baked into the whole process, from the pricing algorithm at Priceline to the targeted ads displayed on Google.com. With analytics becoming more ubiquitous, businesses are able to make better decisions based on data.
• 00:10:00 Eli Collins discusses how data is driving the new applications and how developers need to rethink their processes in order to keep up.
• 00:15:00 The video provides an overview of how data is used in various industries, including the entertainment industry. Netflix and Disney are two examples of companies that have used data to optimize their processes and improve the customer experience.
• 00:20:00 The video and transcript provide an overview of the Eli Collins project, which uses wearable technology to detect Parkinson's disease in real time. The project has already been successful in diagnosing the disease, and is currently being developed into a physical application.