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Reclaiming the stories that algorithms tell

O'Reilly on Data

In the 2008 financial crisis, for instance, Wells Fargo bank staff were “steering” some black borrowers toward costly subprime mortgages, even when those borrowers had sterling credit, and would have qualified for a mortgage on far more favorable terms. How can those costs be minimized?

Risk 360
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If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

The benefits of providing an enhanced definition for payment transactions include the following: Improving automation to achieve higher straight-through-processing (STP) rates. During the financial crisis in 2008, the trust levels of bank clients dipped. Background on ISO 20022.

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AI Data, Traditional Trading, and Modern Investments

Smart Data Collective

Does implementing AI & AI data into the modern trading world actually provide any benefits? Fortunately, the first robo-advisors were created in 2008. Another benefit of incorporating AI data into investing is improved customer accessibility. In this article, we aim to find out! The Issues With the Traditional Approach.

Finance 143
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Structural Evolutions in Data

O'Reilly on Data

” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” The elephant was unstoppable. Until it wasn’t.

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IT pros say tech budgets to stay strong, but mainly for big companies

CIO Business Intelligence

That level of preparedness, coupled with the fact that some companies may be planning to reinvest cost savings from other areas into IT, reflect lessons learned during past economic downturns, according to Jim Rapoza, vice president and principal analyst at Aberdeen. IT spending during a recession shows benefits. t spur IT cutbacks.

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VMware by Broadcom: The First 100 Days

CIO Business Intelligence

And we believe it delivers this at a lower cost of ownership for the average enterprise customer, compared with the ever-increasing cost of a public cloud. To allow more customers to benefit from VCF, we’ve cut the previous subscription list price by half and increased support service levels. Please stay tuned.

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Live Patching Is Invaluable To Data Development In Linux

Smart Data Collective

As an additional benefit, live patching can keep Linux servers fully updated and maintain high-security standards, without spiking server downtime. As a business executive, avoid downtime at all costs, as this server inactivity can cost your company thousands of dollars per hour. How exactly did live patching start?

Big Data 105