In-brief: A study by Cisco Systems found that innovation will drive a major shakeup in the retail banking sector, with concerns about cyber security a major roadblock to innovation.
Tag: Big Data
In-brief: IBM announced that it would spend $3 billion in the next four years to build an Internet of Things division that will develop tools to help companies tap the flood of data from connected devices and remote sensors. A partnership with The Weather Company is just the start.
Mitch Thomas over at the security firm Tripwire has a good post on “architecting the security of things” that’s worth checking out. As an incumbent security vendor, Tripwire faces the same challenges and problems as other vendors who came of age securing traditional endpoints and enterprise IT environments. Among them: adapting to a nearly limitless population of new endpoints – many of them small, resource constrained embedded systems. As we’ve noted before: many of these systems aren’t capable of the kinds of interrogations (vulnerability- and malware scans just two examples) that many security tools take for granted.
A year ago, Michael Dell spent $25 billion to buy the PC company he founded back from shareholders and turn it into what he called “the world’s largest start-up.” How’s that going for him? If the CEOs’ talk at last week’s DellWorld 2014 is any indication: great. As this piece notes, Dell argues that going private has accomplished much more than getting Carl Icahn off his back. It has allowed the tech giant to draw its attention away from profit margins into R&D. No longer burdened by the need to meet Wall Street’s numbers each and every quarter, Dell can experiment and take chances. Experiment how and on what? Dell said that Internet of Things and security are two areas the company is investing in in a big way. “As we look at our business we can now ask what are the opportunities and the unmet challenges. These are in infrastructure, […]
The folks over at Smart Data Collective have an interesting story today on Big Data and its (expected) impact on a variety of industries and business practices. Fraud (and fraud detection), it turns out, may be one area that is transformed by better data analytics. According to the article, by Monte Zweben, fraud analytics are posed to be transformed not just by “Big Data,” but by better and faster analytics. The article looks at a variety of industries, including consumer marketing and logistics that stand to benefit from the growth in data and data analytics. Fraud detection is one of them. Zweben cites statistics on the growth of fraud as a global problem. Kroll’s most recent Global Fraud Report found the number of companies falling victim to fraud has increased to 70 per cent. Credit card companies were among the first to embrace “Big Dat” analytics to spot irregularities in patterns of charges […]