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Big Data Enters Financial Services Market

Financial services companies are finally seeing the value in big data, reports TechRepublic.

Financial services companies are and continue to be focused on maintaining a majority of their mission-critical systems on premises, where they have direct control. They also want direct control to quickly recover systems if a failure occurs. It's also financial institutions that have the reputation of being transaction-driven and not customer-centric.

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Harbr Ready to Launch Exchange Platform

According to TechCrunch, start-up Harbr is set to launch a secure big data exchange platform. 

Organizations today are sitting on mountains of data that they amass and use in their own businesses, but many are also looking to share those troves with other parties to expand their prospects — a model that comes with challenges (privacy and data protection being two key ones); and, these days (due to COVID-19 and the push to more digital transformation), with urgency; but also big rewards if you can pull it off well.

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Big Data Called Election

Big data predicted the election outcome before election day, reports the Hill

At every moment of our lives, we are contributing to a never-ending trail of data, our digital footprint.

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Using DNA for Data Storage

Microsoft, along with several other companies, is exploring using DNA for data storage, reports Fierce Biotech.

Genetic code has served as the basis of the human story for millenia. Now, a group of tech and medtech companies aim to spin digital data into DNA itself, to archive information in the arrangement of its molecules.

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Hard to Keep to Data Secure

Companies use big data in so many ways it is hard for them to keep the data secure, despite their best efforts, reports Forbes.

It is the year 2020, and enterprises are investing heavily in privacy programs. The International Association of Privacy Professionals (IAPP) defines information privacy as “the right to have some control over how your personal information is collected and used.”

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Using Big Data to Predict Performance

According to Which-50, a Catholic School is using big data to predict student performance. 

The Catholic Diocese of Maitland-Newcastle is halfway through a three year build of an advanced analytics and data science platform, through a partnership with Microsoft. 

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Big Data is Shaping Retail Experience

Big data is shaping your shopping experience every day, reports the Daily Mining Gazette.

In 2012 a writer for the New York Times named Charles Duhigg wanted to explore how retailers were using the data they had begun collecting involving customer purchases.

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Making Big Data Easier to Use

End users often feel overwhelmed by the idea of big data, IT can take steps to help end users get what they need from the data, reports Tech Republic. 

While 87% of organizations acknowledged in a recent report that data was an asset, only 25% of respondents said they felt prepared to make use of data, only 37% thought their decisions were made better with data, and a full 74% felt completely overwhelmed with data.

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Big Data Helps in Climate Change Research

According to Purdue University, climate change scientists used big data and machine learning to understand the impact of reforestation.

Since carbon sequestration is such an important factor for mitigating climate change, it’s critical to understand the efficacy of reforestation efforts and develop solid estimates of forest carbon storage capacity. However, measuring forest properties can be difficult, especially in places that aren’t easily reachable.

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Will Big Data Be Essential to the Internet of Things

Will big data be the key to making the Internet of Things truly useful, reports Gulf Business. 

When the phrase “Internet of Things” (IoT) was coined in 1999 by British technologist, Kevin Ashton, the world was still learning about networks and its novel capabilities.

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