Traders Pay for an Early Peek at Key Data. Opportunities for Geniuses. By LIZZIE SIMON Kevin Hagen for The Wall Street Journal Astronaut Buzz Aldrin and Dr.
Robert Hariri A centerpiece at the dinner Richard Branson Violinist Charles Yang Brain-mapping scientist Dr. In the seemingly infinite galaxy of philanthropy, the Liberty Science Center Genius Gala sparkled brightly on Friday night, not only honoring chess legend Garry Kasparov, brain-mapping scientist Dr. The 300,000-square-foot institution in Jersey City serves 600,000 school-age potential geniuses every year, according to Vice President Dan Menelly, who gave us a private tour of the museum during the evening's cocktail hour. Survey Roundup: Lax Cybergrid Security, Big Data - Risk & Compliance. A look at some surveys dealing with risk and compliance issues that were released in the last week. Send surveys and reports to wsjrisk@wsj.com. The last few years have seen the threat of a crippling cyberattack against the U.S. electric grid increase significantly. Two U.S. congressmen surveyed officials at investor-owned utilities, municipally-owned utilities, rural electric cooperatives and federal entities that own major pieces of the bulk power system.
The survey found most utilities only comply with mandatory cybersecurity standards, and most utilities haven’t taken concrete steps to reduce the vulnerability of the grid to geomagnetic storms. Every credit card transaction conducted over the Internet introduces a security risk for the cardholder. While financial institutions and businesses work to understand the intricacies of the Foreign Account Tax Compliance Act, they remain puzzled by where within their companies they should place the responsibility for implementing the law. How Can Companies Keep Outsourced Data Safe? - Risk & Compliance. Istockphoto.com In a recent data breach involving the federal Lifeline subsidy program, personal applicant information was left online without password protection by a firm that a phone company contracted with, which was storing it primarily in India. And earlier this week, the U.S.
Department of Homeland Security alerted employees that an unnamed software vendor used to perform background checks and store information related to those checks had a security vulnerability that could have left certain personal data out in the open. The incidents underscore the fact that data can be vulnerable when its storage is contracted out. Regulation and data management top-of-mind for US bank executives - KPMG. Regulation is top of mind for banking executives and is viewed as the primary impediment to growth and traditional bank business models, while the likelihood of mergers and acquisition (M&A) activity within the industry declined, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm.
In the KPMG Banking Outlook Survey, 35 percent of respondents said that bank management will be spending most of its time and energy over the next year on initiatives related to navigating significant changes in the regulatory environment, compared with 18 percent in last year's survey. Seventy-two percent identified regulatory and legislative pressures as the most significant barrier to growth over the next year, while 77 percent said political and regulatory uncertainty posed the biggest threat to their bank's business model. M&A Activity Seen as Less Likely Growth Operational Efficiency IT Investment Still a Priority Additional KPMG Survey Findings The KPMG Banking Outlook Survey. Phone Firms Sell Data on Customers. Article Excerpt Big phone companies have begun to sell the vast troves of data they gather about their subscribers' locations, travels and Web-browsing habits.
The information provides a powerful tool for marketers but raises new privacy concerns. Even as Americans browsing the Internet grow more accustomed to having every move tracked, combining that information with a detailed accounting of their movements in the real world has long been considered particularly sensitive. The new offerings are also evidence of a shift in the relationship between carriers and their subscribers. Instead of merely offering customers a trusted conduit for communication, carriers are coming to ... Continue reading article with pop up player. Retailers Lack Data Tools To Prevent Factory Hazards - The CIO Report. A series of deadly accidents in overseas factories has led some experts to question whether retailers are making use of technology platforms to look for dangers in their supply chain.
Companies already use software platforms to monitor hundreds of indicators for how products wind their way from factories to store shelves and into customer homes. But experts say few use the same kinds of analytics to monitor for potential regulatory or worker safety problems. “Most organizations are rather ignorant of how they handle these risks across their supply chain,” said Michael Rasmussen, an analyst GRC 20/20 Research. “There just hasn’t been much focus on it.” But a spate of recent accidents, including this week’s deadly collapse of a Cambodia sneaker factory, and last month’s factory disaster in Bangladesh, which killed more than 1,100, is bringing new scrutiny to the systems companies use to manage “reputational risk” in supply chains, Mr. But Mr. SIIA Says Companies Should Address Privacy Concerns With 'Good Data Stewardship' - The CIO Report. Companies should practice “good data stewardship” as they harvest Big Data, or risk a customer and government backlash, a software trade group said today.
But the group was short of details on how and when companies should retain customer information, highlighting the murkiness of maintaining user privacy in the era of Big Data. Data driven innovation is poised to be a major driver of company profits and economic gains over the the next few years, according to a new policy paper from the Software & Information Industry Association. Companies, drawing on growing stockpiles of mobile and social data, must now grapple with how to parse consumer information to make better business decisions, while not trampling on consumer privacy.
Does Big Data Mean the End of Intuition? No Way. In Media, Big Data Is Booming but Big Results Are Lacking - Ben Elowitz - Voices. The New York Times named 2012 the crossover year for Big Data : As a term and as a concept, Big Data broke through from the tech circle and into mainstream consciousness. (So much so that even Dilbert’s boss was talking about it .) We’ve seen huge advances in our ability to generate, collect and store an explosion of data points: 90 percent of the world’s data has been accumulated in the last two years alone .
We’re generating 2.5 quintillion bytes of data daily, and every serious company is dutifully logging and contextualizing every impression, every click and every purchase with excruciating detail. How a Little Data Can Solve One of Higher Education's Biggest Problems - Commentary. By Jeffrey Selingo L ast fall, Shaun Fowler started his sophomore year at Georgia State University still owing $500 on his tuition bill. The finance major from Atlanta had only a few days of classes before the university would be forced to kick him out for nonpayment. Then Fowler would become yet another stain on the reputation of large urban public colleges with stubbornly low graduation rates. Only about half the students at Georgia State graduate within six years. Fowler couldn't come up with the money, so he was dropped from the class rolls.
IBM Brings 'Big Data' to Business School. IBM is teaming up with Rensselaer Polytechnic Institute’s Lally School of Management & Technology to offer a masters degree in business analytics, which will kick off in September. The partnership is the latest one of about 300 that IBM ( IBM ) has with academic institutions, mostly business schools, all related to big data analytics. Positioning itself as a leader in big data, IBM has had relationships with many of the universities for years.
The partnerships have evolved to focus on big data analysis, a hot subject both in academia and the corporate world. Thanks to a proliferation of technology, social media, and the Internet, there are more data to analyze and organize than ever before, says Richard Rodts, manager for global academic programs in predictive analysis for IBM. These alliances with academia are a response to the growing shortage of people who can not only understand the information but leverage it to make decisions, says Rodts. The Big Hole in Big Data. Cyber Compliance: Data Excess Magnifies Risks - Risk & Compliance.
Istockphoto.com (This is the sixth in a series of posts we will be running about compliance issues in cybercrime. Most data isn’t “big,” and businesses are wasting money pretending it is. Big data!
If you don’t have it, you better get yourself some. Your competition has it, after all. Bottom line: If your data is little, your rivals are going to kick sand in your face and steal your girlfriend. There are many problems with the assumptions behind the “big data” narrative (above, in a reductive form) being pushed, primarily, by consultants and IT firms that want to sell businesses the next big thing. Bloomberg Curbs Its Journalists' Access to Customer Data.
Google Now, Anticipatory Systems, and the Future of Big Data. Would you trade your personal data for a peek into the future?
Andreas Weigend did. The former chief scientist of Amazon.com, now directing Stanford University’s Social Data Lab, told me a story about awakening at dawn to catch a flight from Shanghai. That’s when an app he’d begun using, Google Now, told him his flight was delayed. The software scours a person’s Gmail and calendar, as well as databases like maps and flight schedules. Data is not always a substitute for strategy. Data mining in a complex world. Assistant professor of computer and information science Yizhou Sun sees the world as a gigantic complex network.
Photo by Brooks Canaday. Julien Trédan-Turini / concepteur-designer graphique indépendant / Paris. Ex-NASA Scientist's Data Fears Come True. In 2007, Robert M.
Nelson, an astronomer, and 27 other scientists at the Jet Propulsion Laboratory sued NASA arguing that the space agency's background checks of employees of government contractors were unnecessarily invasive and violated their privacy rights. Privacy advocates chimed in as well, contending that the space agency would not be able to protect the confidential details it was collecting. Hey m-spender - can you trust your payment app? - 29 Nov 2012. It is probably the most unlikely advert ever aired on British radio. Learn data visualisation - with 2,000 others. Infographics / Data Viz. Data: Mapping the San Franciscome. What up humans?! How to: network animation with R and the iGraph package & Meaning in data viz. This article lists the steps I take to create a network animation in R, provides some example source code that you can copy and modify for your own work, and starts a discussion about programming and visualization as an interpretive approach in research.
Before I start, take a look at this network animation created with R and the iGraph package. This animation is of a retweet network related to #BankTransferDay. The Changing Goals of Data Visualization. Primary completion rate, female (% of relevant age group) Blurring the boundaries - New social media, new social science?: KES 2 - Data Visualisation. Aggregating data visualization and infographics blogs. Social Stereotypes: You Are What You Share [Infographic] ZEIT ONLINE. 32 millions de baguettes et 2 millions de cafés : le quotidien en chiffres des Français. 30 examples of the art of mapping personal habits.
Alexwaza : #dataviz : comment... World Bank Data Viz. 131 - US States Renamed For Countries With Similar GDPs. By Frank Jacobs Gross Domestic Product (GDP) is a convenient way of measuring and comparing the size of national economies.
One Per Cent: Charge your cellphone with a tap or a shake. Dr_morton : #HumanComputerSynergy inspiration... Fractaltastic Evolution. Hello there! If you enjoy the content on PLOS Biologue, consider subscribing for future posts via email or RSS feed. Find Data. Transparency vs Ease of Doing Business. The Wealth & Health of Nations. We’ve Got Data Quality Issues – Now What? Governance: Complicated but vital. How the NYT created its “512 Paths to the White House” data tool. The Top Ten Universities in the World 2012. Map: How New York Tweeted During Hurricane Sandy. The [95%] Confidence of Nate Silver « Behavioral Security. Data visualization should be elegant, not beautiful The Excel Charts Blog.
The top 20 data visualisation tools. Updates: Downtown Goes Dark on Foursquare By Sam Biddle ... Podcast: Data governance metrics help prove information management ROI.