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Big Data Analytics

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Big Data Analytics can become the main driver of innovation in the banking industry — and it is actually becoming one. We list several areas where Big Data can help the banks perform better. Investments in Big Data analytics in banking sector totaled $20.8 billion in 2016, according to the IDC Semiannual Big Data and Analytics Spending Guide of 2016. This makes the domain one of the dominant consumers of Big Data services and an ever-hungry market for…

The world we live in today is engulfed with data due to the proliferation and usage of various digital technologies that have become essential to our everyday life. As such, it is no surprise that data plays a pivotal role in our society and is used in virtually in all fields, from helping make simple decisions to pushing forward innovation. The complexity of data usage of today can be seen in the development of the…

Today, Caesar’s Entertainment announced that it had reached an agreement on the terms of a recommended cash acquisition of British betting house William Hill for approximately $3.7 billion. If this transaction goes through, the company will be more diversified in terms of geographical exposure and the type of gaming it offers to its customers. Interestingly, only three months ago, Eldorado Resorts bought Caesar’s for about $17,3 billion, after billionaire investor Carl Icahn joined the board and supported the company’s sale.…

It is the year 2020, and enterprises are investing heavily in privacy programs. The International Association of Privacy Professionals (IAPP) defines information privacy as “the right to have some control over how your personal information is collected and used.” Motivated by regulatory pressure (for example, the European Union’s General Data Protection Regulation and the California Consumer Privacy Act), chief privacy officers (CPOs) are leading initiatives related to data discovery, data protection, privacy enforcement and compliance reporting. Working…

According to a Nielsen report, brick-and-mortar alcohol dollar sales were up 21% in April 2020 compared to the same period a year ago. Online alcohol sales skyrocketed by 234% over the same period in 2019. However, despite the increase, global sales are decreasing due to the shutdowns in restaurants, bars, live events and travel. Next Century Spirits is a liquor technology startup with $9.6 M in funding. The company uses big data and machine learning to create and filter bespoke…

Big data has immense value, but there is little doubt it remains extremely vulnerable to hackers and malicious actors. Billions of people have had their personal information compromised in recent years, and the tech industry is actively seeking to increase cybersecurity efforts and find more efficient ways to protect big data before breach issues get even more out of hand. The answer may lie in using the power of big data to protect itself. It may sound…

Last Tuesday, National Instruments announced its intent to acquire the Israeli data analytics startup OptimalPlus for $365 million. The two companies share many of the same enterprise-level customers within the automotive, semiconductor, and electronics industries which is one of the reasons that I believe this acquisition makes a lot of sense. National Instruments is positioning this acquisition as another piece of the puzzle moving toward accelerating its growth and without getting into all the details, I…

From the downhill of key technologies to new innovative solutions on the plate: Roberto Bentivoglio takes us swimming in the stream, with a technical explanation on event stream processing architectures as a future-proof approach to take full control over your data strategy Big data is probably one of the most misused words of the last decade. It was widely promoted, discussed and spread by business managers, technical experts, and experienced academics. Slogans like ‘data is…

In a story I wrote earlier this year, I referenced how data protection can actually empower a new generation of app development. As part of this, I said that there’s no reason the backup function can’t play a vital role in helping companies drive innovation. How can backups help? I asserted that backups in a platform could be put to the following uses: Creating a metadata catalogUsing data crawlsEstablishing better search functionality within the dataServing as a…

(Latest in a series on the impacts of the coronavirus on employment and the workplace. The previous ones are here. The series turns now going forward to rebuilding America’s job base.) Burning Glass Technologies is among the preeminent data analytics firm worldwide in the employment field. It tracks 3.4 million job listings daily, across more than 50,000 job boards and corporate sites, analyzing these listings by occupations, skills and qualifications requested. The starting point for the…