Part 2: Big Data and What It Means
April 6, 2013
If our recent article on Big Data whetted your curiosity to know more, here are some examples which illustrate how varied organizations and communities are currently using or planning to use Big Data technique in real life to get better insights and improve critical aspects of their projects.
- Fujitsu Laboratories Limited recently announced the development of high-speed data processing technology that enables the timely utilization of big data. Fujitsu plans to collect and process social media data to provide real-time recommendations to prospective customers by 2014. Learn more
- Netflix uses Big Data to optimize the quality and stability of its video streams and to assess customer entertainment preferences, so it can provide better recommendations to them. Learn more
- Through it's Open Gov Plan, NASA provides open access to its massive raw data sets along with processing tools to enable scientists across the globe to collaborate and improve their research initiatives. Learn more
- The American Society of Clinical Oncology (ASCO) recently debuted the prototype for its CancerLinQ database, which focuses on breast cancer and contains de-identified information for care providers and researchers. Physicians will be able to use the data to develop treatment plans tailored to a patient's specific cancer and clinical condition. Learn more
- Last but not the least, check out this beautiful video compiled by BBC News and Rick Smolan, photojournalist and author of the book ‘The Human Face of Big Data’ with some great thought-provoking examples of how Big Data is changing our lives. Watch Video
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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