Transform Financial Processes
December 19, 2014
Increasing big data investments in compliance, licensing and risk requires organizations to rethink the value of their data.
December 18, 2014
This past summer we witnessed an incredible phenomenon seemingly capturing the world by storm: The ALS Ice Bucket Challenge. Facebook estimates 28 million people posted about ALS between June 1 and August 28, including comments and tags.
December 16, 2014
“As you dig deeper into unstructured data where feelings, emotions and other often messy information reside, you have to embrace qualitative metrics which don’t fit neatly into traditional quantitative analysis,” says David M. Lawson, co-founder & CEO of NewSci, LLC and this week’s Big Data & Analytics Hero.
December 2, 2014
In 2014, there were several important shifts that occurred in the world of big data that business executives around the globe cannot afford to ignore. In part one we introduced four transformative shifts affecting the fast-paced digital marketplace; now in part two we will take a closer look at the first two shifts.
December 1, 2014
SQL-on-Hadoop is a hot topic. As organizations increasingly leverage Hadoop to gain new capabilities and lower costs, it only makes sense that they would seek to leverage technologies compatible with what they have. Few technologies are as ubiquitous as the structured query language when it comes to data access and information management.
November 18, 2014
David Vinson, business intelligence and analytics lead at Nike, believe that There’s a lot of new data out there—in fact, we now have access to data from the entire supply chain (from provisioning materials to build the shoe, to actually delivering the shoe on the dock, to selling the shoe).
November 13, 2014
When people say that "data is the new oil," they're usually making a general statement on how deeply modern organizations depend on data to drive transactions, analytics and processes in general. It's in that context that many organizations decide to appoint something called a chief data officer (CDO) to oversee this precious resource. Personally, I'm not sure that the responsibilities of a CDO, as described in these sources and elsewhere, are all that different from the older concept of a chief information officer (CIO). Regardless of what we call this business-focused function (CDO, CIO or even chief analytics officer), it's important that there be a C-level executive who is responsible for overseeing governance of the organization's data resources, ensuring that they be applied effectively to achieve important business outcomes and transforming the organization into a more data-savvy culture.
November 13, 2014
Supporting the social initiatives important to IBM employees and their families and friends is important to IBM. Now, big data technology is giving IBM and its people another opportunity to serve our communities and the world.
November 12, 2014
What a shame. Most businesses aren’t taking advantage of their data, leaving them hungry for success. According to Forrester Research analyst, Michele Goetz, only 12 percent of available data is used. If I am any good at math, that means there is a lot of data that is not being used.
November 11, 2014
This week’s Big Data &Analytics Hero, Leonardo Nantes, IT executive of Brazilian credit bureau Boa Vista Servicios, has faced numerous challenges since the merger of two companies took place a few years ago. Boa Vista now serves hundreds of thousands of clients nationwide and handles more than three million transactions per day. Since the business involves credit ratings and personal information, big data security and integrity are paramount.