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How Big Data is Changing the Lending Industry

By   /  June 13, 2016  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education, Education Resources For Use & Management of Data  /  No Comments

Paper money

by Angela Guess Phil Simon recently wrote in The Huffington Post, “It’s no overstatement to say that new technologies and Big Data are upending many traditional industries. Sure, there are multi-billion-dollar darlings such Uber, AirBNB, and Lyft that are seemingly in the news every day. Make no mistake, though: Many other types of mature industries […]

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Aerospike Wants to Bring NoSQL to Finance in a Big Way

By   /  April 22, 2016  /  Data Daily | Data News, Data Education, Education Resources For Use & Management of Data, NoSQL News, NoSQL News, Articles, & Education  /  No Comments

aer

by Angela Guess Renee Caruthers reports in FierceFinanceIT, “As financial companies increasingly leverage big data, they have explored and embraced non-relational databases for their most advanced analytics. But NoSQL database provider Aerospike envisions bigger use cases in finance. ‘There is a huge amount of investment in those technologies for analytics uses, and it’s easier to […]

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Using Machine Learning in Economics

By   /  April 8, 2016  /  Data Daily | Data News, Data Education, Education Resources For Use & Management of Data, Smart Data News, Smart Data News, Articles, & Education  /  No Comments

deconstruct big data governance x300

by Angela Guess Jon Levin, a professor of economics at Stanford, recently wrote in Forbes, “Machine learning methods are really powerful for fitting predictive models and for doing classification on large-scale, high-dimensional data. These are the data we increasingly use in economics. So I think there’s no doubt many machine learning methods will get used […]

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Why CFOs Need to Be Data-Driven

By   /  December 21, 2015  /  Data Daily | Data News, Data Education, Data Strategy News, Data Strategy News, Articles, & Education, Education Resources For Use & Management of Data, Enterprise Information Management, Information Management News  /  No Comments

gates

by Angela Guess Jeff Thomson recently wrote in Forbes, “IBM estimates the world generates 2.5 quintillion bytes of data every day, and, amazingly, 90 percent of the world’s data was created in the last two years alone. How can CFOs be expected to make sense of this onslaught of information? In its recent CFO Indicator […]

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Semantic Technology: A New Approach to Financial Data

By   /  December 9, 2015  /  Data Daily | Data News, Data Education, Education Resources For Use & Management of Data, Smart Data News, Smart Data News, Articles, & Education  /  No Comments

rec

by Angela Guess Renee Caruthers recently wrote in Fierce Finance IT, “The finance industry has more than its share of data-intensive processes. But at least one technology firm is making the case that the answer to these challenges is not the traditional approach of ramping up data processing power – it’s smarter data processing. With […]

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Survey Reveals Urgency of Data Governance Projects Among Financial Services Firms

By   /  September 23, 2015  /  Data Daily | Data News, Data Education, Data Governance & Data Quality | News & Articles, Data Governance News  /  2 Comments

financial data governance x300

by Angela Guess A recent article out of the company reports, “Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, together with Waters Technology, has released a white paper offering new research on where the market currently stands in relation to the implementation of formal data governance policies. The […]

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Innovate or Die: Cognitive Computing and the Financial Industry

By   /  July 7, 2015  /  Data Daily | Data News, Data Education, Smart Data News, Smart Data News, Articles, & Education  /  1 Comment

finan

by Angela Guess Bryan Yurcan recently wrote for the Financial Brand, “In a world where empowered, always-connected consumers expect to interact with companies in real-time – and no longer rely solely on traditional channels – banks cannot be focused on today and must think about serving the customer of the future, lest they risk irrelevance. […]

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EDM Council Partners with Cambridge Semantics to Operationalize FIBO

By   /  June 25, 2015  /  Data Daily | Data News, Data Education, Smart Data News, Smart Data News, Articles, & Education  /  No Comments

cs

by Angela Guess According to a new article out of the company, “Cambridge Semantics, the leading provider of smart data solutions driven by Semantic Web technology, today announced that the Enterprise Data Management Council (EDM Council) has partnered with the company to support deployment of the Financial Industry Business Ontology (FIBO) initiative. Founded by the […]

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Taking Big Data to the Bank

By   /  April 15, 2015  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education  /  No Comments

bank

by Angela Guess Russ Banham of CenturyLink recently wrote in Forbes, “A customer walks into the bank to make a deposit, greets the teller and, out of the blue, she’s asked if she would like a second mortgage. Is this any way to serve a valued customer? Not if she isn’t in the market for […]

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Financial Institutions Need to Go On the Offensive with Big Data

By   /  February 16, 2015  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education  /  No Comments

Paper money

by Angela Guess Pedro Hernandez of eWeek recently wrote, “Banks and financial services firms will be spending more in IT this year, according to Marcelo Marquez de la Garza, director of Worldwide Financial Services at Microsoft. Some investments will deliver a bigger bang for the buck, however. Big data will loom large over IT spending […]

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