Four Steps to Creating a Data-Centered Culture (But Don’t Forget Step Zero)

Running a financial institution in today’s market can feel like a never-ending game of catch up. As soon as a bank adapts to one threat, they’re facing a new one. Two of the main issues banks face today are understanding today’s consumer and what they want from a modern bank and guarding themselves against ever-increasing fraud threats. With the growth of alternative banking methods being offered to consumers and because cybercriminals are always diversifying their targets and using stealthier methods ...

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How Do You Tame Your Data Demon?

Big Data has been around since 2005 but not everyone understands it. A couple of years ago, a potential client called me because they had a problem with their Big Data project. They said, if I volunteered my time to help them, I would have a chance to win the project. Naturally, due to the goodness of my heart (and a slight competitiveness about winning the project), I said yes. I told them, before we begin, I need access to ...

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Are you really ready to giddy up your AI horse?

There is a lot of hype around machine learning and AI in the technology industry today. Banks and FIs are making bold steps towards implementing an AI roadmap. If you are startup and have AI in your name you are virtually guaranteed to get funded. However, what most people are missing is that AI is not the answer to everything.

DataSeers and LexisNexis recently did a hackathon at KSU and the problem given was to homogenize merchant names. Kids quickly took ...

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The Best Kept Secret in Big Data is No Longer a Secret

For years, HPCC Systems was a best kept secret within LexisNexis. It was the technology that enabled them to run at million miles a minute when rest of the industry was just crawling with the influx of data. However, the senior management within LexisNexis thought such power should not be contained. They decided to unleash it! In 2011, HPCC Systems was made open source. Its not only opensource, but truly free, with a huge community behind it.

HPCC Systems pre-dates most ...

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Would You Delete All Your Production Data?

Companies spend millions of dollars to ensure data is not lost. But how many of them actually test it? Would you pull the plug on a server or delete all of the data on a production system? Recently, I was having a conversation with a client about our 3-node cluster. He asked me if I am so confident that our system is protected from data-loss, I should prove it. I pulled out my laptop connected to our primary data node ...

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