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BIG DATA

German Based Micro Lender Eyes Small Business Lending – Generates its Own Information

Kreditech, which was launched last year (see our report of November 2012) to provide small loans to consumers is said to be breaking into the small business lending market. At this point in time little is known about the announced B2B offering, except that it will launch internationally early in 2013 and will allow retailers (e.g. banks, leasing companies, e-commerce ... Read More »

Hot Technologies That Will Define Banking in 2013: The Cloud, Digital Payments, Mobility and Big Data Analytics

Bank Systems & Technology asked a panel of industry experts to weigh in on its “2013 Forecast: The Hot Technologies That Will Define Banking.” According to the panel—which included US Bank, Aite Group, IDC Financial Insights and FICO CTO Stuart Wells — cloud, digital payments, mobility and Big Data analytics will loom even larger this year. Here’s an excerpt: Now, ... Read More »

Analytics, Platforms, Software & Workflow plus Big Data Drive Developments in Business Information

Analytics, Platforms, Software & Workflow plus Big Data continue to remain the driving forces in business information accounting for 50% of business development activities in 2012 (see charts). Acquisitions accounted for 24% of announcements. In credit information there were two billion dollar deals in 2012.  Experian acquired a remaining stake in Serasa for US$ 1.5 bn.  Equifax paid US$ 1 ... Read More »

BIG DATA: How Big Does Big Data Need to Be?

FICO offered a feedback on a Big Data discussion at the third annual Asia Pacific Chief Risk Officer Forum, held in Bangkok and hosted by FICO with IDC Financial Insights.  But it might not be the Big Data you’re thinking about. For example, participants from Australia were discussing “comprehensive reporting,” which is set to start in 2014 when Australia’s credit ... Read More »

Oracle Buys Cloud-base Analytics Platform Provider DataRaker

Oracle announced that it has entered into an agreement to acquire DataRaker, a provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational efficiency and improve the customer experience. Leading-edge utilities are investing in infrastructure to collect massive amounts of data from millions of distributed smart meters and ... Read More »

IBM Opens New Analytics Center in Partnership with Ohio State University

IBM (NYSE: IBM) today announced it will establish a new analytics center in Columbus, Ohio, dedicated to advancing research, development, client services and skills training in the areas of analytics, big data and cognitive computing. The move aims to create 500 new analytics jobs and nurture economic development in the region over the next three years. The first of its ... Read More »

Panjiva Co-Founder Psota Discusses Big Data Revolution at MIT Conference

Underscoring the company’s ongoing commitment to advancing innovation in the sourcing industry and beyond, Panjiva, the B2B platform powering the business of global trade, co-founder and CTO James Psota has led a discussion on Big Data technology at the Big Data Conference during the MIT-CHIEF event.  As one of the region’s leading technologists adept at leveraging data mining to make ... Read More »

European Bank Priorities for 2013: Cross-Selling and Big Data

FICO and EFMA Survey:  54% of risk managers said they will use Big Data to dig deeper into what customers want, and understand their risks. With dark clouds still hanging over the European economic and banking landscape, what are risk managers’ priorities for 2013?  That is a question we raised in the sixth European Credit Risk survey, conducted by FICO ... Read More »

BIG Data and Analytics Drives New Microfinance Venture in Germany

User generated data and big data combined is to create a new database on micro-borrowers.  “Scoring as a Service” API announced as a new vision! At the prestigious NOAH Conference for Internet entrepreneurs the audience was told that a German startup called Kreditech is cleaning up the European Payday Industry with a disruptive BIG Data based technology which reduces overdues ... Read More »

From BIG DATA to Big Marketing: Seven Essentials

The ability to draw deep customer insights from Big Data and bring them rapidly into operational decision making is transforming the discipline of marketing. Today marketers have the opportunity to understand customers at a depth that harkens back to the past of neighborhood stores and local banks. To have a deep, relevant and constantly improving dialogue with these customers. And ... Read More »

UBM Live & UBM Tech Launch Big Data Republic

UBM Live and UBM Tech – the UBM businesses behind TFM&A and InformationWeek – have announced the launch of Big Data Republic (www.BigDataRepublic.com), a community for those dealing with transforming their businesses with big data. As the world experiences an unprecedented explosion in information, harnessing that data and making sense of it is one of the biggest challenges that business, ... Read More »

THE EVOLVING DATA PROTECTION LANDSCAPE

Take action today to prepare for tomorrow…… The global, EU and UK data protection landscape is at a crossroads. And organizations across all sectors are waking up to the fact that change is inevitable.  Regulations tend to transcend border therefore whatever happens in the European Union will have implications elsewhere. WILL THE PROPOSED EU DATA PROTECTION REGULATIONS BE ENACTED OR ... Read More »

The Unified Theory of Database Marketing

Database marketing is all of a sudden the new holy grail.  What with “big data,” CRM, data warehouses, one-to-one marketing, data mining—a number of techniques are capturing management time, attention and budgets, and they are all built around customer information.  We now have new opportunity to pick up some of the powerful approaches that database marketing has been developing over ... Read More »

BIIA and EASDP Partnered in the Biggest Event Dedicated to the Business of Database, Search and Directory Publishing

Toledo, Spain, Thursday September 20, 2012:  At the EASDP Congress a BIIA panel of experts discussed the important aspects of how to redefine Business Information, how to get new value out of ‘Old Databases’, and how to extract value from semi / unstructured data.  The discussion centered on the new phenomena of BIG DATA, which is being heralded as the ... Read More »