The reason for Hadoop’s success in the banking and finance domain is its ability to address various issues faced by the financial industry at minimal cost and time. Despite the various benefits of Hadoop, to apply it to a particular problem needs due diligence. Some of the scenarios in which it is used are: Fraud
More organizations than ever before are putting the right data on the right platform for the right reason. This new level of data efficiency greatly reduces – and, in the long run, may ultimately eliminate – the...
Big Data analytics is now being applied at every stage of the retail process – working out what the popular products will be by predicting trends, forecasting where the demand will be for those products, optimizing pricing...
This Newsweek article, originally published in Newsweek’s opinion section and excerpted here, resulted from the author’s research for a new extended sidebar on the topic that will appear in the forthcoming Revised and Updated, paperback edition of...
We have executed a multitude of data science projects in the manufacturing vertical. While most of them were done without the help of big data tools, we think most of them will require such capabilities as we expand the...
Could text analytics be the unsung hero of big data? Text analytics mines reams of often ephemeral, unstructured data — from a voice recording of a customer call to emails or a Tweet — for meaningful insights...
USE CODE PATIMES16 for 15% off Predictive Analytics World Conference pass. Imagine that you are a business analyst who works for an organization with executives, managers and colleagues who do not appreciate the power of analytics to...
As a hiring manager for data analytics positions, I often complain that there are not enough qualified resumes. Most of the resumes that do get passed on to me from recruiters quickly get filed away. Those job...
Clean data, support for stakeholders such as the emergency room, a good data warehouse infrastructure is needed. When NorthShore University Health System did an analysis of needed staffing levels, they found, to their surprise, that Tuesdays were...
Big data and analytics can make an auditor’s job easier and more effective. But the auditor must be prepared to face resistance from the organizations he or she scrutinizes — and from within. “Human beings are wired...
