The volatile financial markets leave no wiggle room for risk. Or second thoughts. We need the right answers to some tough questions, and we need them now. There is zero tolerance for errors. And no time for delays. Samsung Securities gets it. That's why they've boosted their SAS solution for enterprise risk management
Mobile phone data is one obvious example of "big data." Not only does it include call records for every customer and every phone, but it might include network data on how those customers connect with one another. Data stores could also contain location-based data, application usage data and data about different
When I first started hearing SAS CEO Jim Goodnight talk about high-performance analytics (HPA), I was fascinated. But I have to admit that my mind was spinning a bit from the terminology: blades, cores, captains, generals and so on. But then the metaphorical nature of these terms clicked for me,
After a week of me sharing links and blogging about my thoughts on high-performance analytics, some of you may be saying, "Yes, but how are customers using it? What are the practical benefits, already?" With that in mind, I'd like to spend some time this week pointing out customer stories
I just had a great conversation about big data and high-performance analytics with Eric Williams, retired CIO of Catalina Marketing, and I hope to publish some of what he had to say here in the next few weeks. In the meantime, you can learn a lot about how big data
Back in my day-one post of this "HPA once a day project," I promised a post about Twitter as "big data." I know some of you are already moaning about the noise on Twitter and the "what I ate for breakfast" type of commentary that's prevalent there. So I'm going to
Bank Systems & Technology just published a special issue focused on "big data" - and how high-performance analytics helps solve the big data problem. Clicking on the cover image will take you to the ebook, so you can flip through 24 pages full of information about the benefits of big data for banking.
What is a typical reaction to high-performance analytics? Consider these scenarios: What do investment bankers say when you tell them the risk calculations they used to do every three days on a subset of their portfolio can now be done within minutes - all while analyzing the full portfolio? What
I'm not a fan of obscure acronyms in blog post titles, but by the end of this month I'm hoping HPA won't be obscure to anyone who reads this blog. It stands for high-performance analytics, and I'm challenging myself to blog about it once a day for the next month.
The tools for analytics are getting more sophisticated as data becomes more voluminous, says Jim Sterne, President of Target Marketing, in the video below. The real magic still comes from human ingenuity, explains Sterne, but it helps to give analysts the tools they need to make that magic happen. Hear
