In 1998 the SEC began to allow online trading of financials securities. It took traders very little time to realize that data, and lots of it, was going to be absolutely essential to making money. Some firms realized that a tiny advantage in data, be it in speed of transfer or quality of data, could lead to huge increases in profits and revenue. Thus began high-speed and … [Read more...] about Big Data in the Face-paced World of Finance
algorithms
Why Humanizing Algorithms Is a Good Idea
Algorithms are taking over the world. Not yet completely and not yet definitely, but they are well on their way to automate a lot of tasks and jobs. This algorithmization offers many benefits for organizations and consumers; boring tasks can be outsourced to an algorithm that is exceptionally well at a very dull task, much better than humans could ever become. More complicated … [Read more...] about Why Humanizing Algorithms Is a Good Idea
How Unlimited Computing Power, Swarms of Sensors and Algorithms Will Rock our World
We have entered a world where accelerated change is the only constant. The speed at which technologies are currently developing is unlike any other since the existence of mankind. When we look at the past two hundred years, we have seen multiple inventions that changed society as we knew it. First we had the invention of the book press, which made books available for the … [Read more...] about How Unlimited Computing Power, Swarms of Sensors and Algorithms Will Rock our World
Will Analytics and Technology Put an End to Credit Card Fraud?
If you havent noticed the change, youre living in a cave. Now, businesses are charged with helping banks and credit card processors fight credit card fraud. The stakes are high and the battle against thieves is on a field that includes big data, machine learning, and hardware. Around half of the worlds credit card fraud happens in the United States. Because of that stunning … [Read more...] about Will Analytics and Technology Put an End to Credit Card Fraud?
How Big Data Can Make A Big Difference For Manufacturers
In manufacturing, yield, consistency, and quality are of vital importance. Historically, it's been difficult for companies to optimize manufacturing processes. They simply didn't have access to the data or the analytical technologies to provide the insight needed to modify processes at a granular level. With the advent of big data technologies, the cloud, and ubiquitous … [Read more...] about How Big Data Can Make A Big Difference For Manufacturers
