Introduction DFAST and CCAR require bank holding companies to report, in detail, how they would respond to hypothetical market scenarios that represent macroeconomic shocks like a housing meltdown or a stock market crash. The data used by each company to predict losses and create a response plan must be actual data, not approximated. Using the…
Would you try to ski down a mountain with water skis? Would you try to ski on a lake with snow skis? After all, they are both skis, right? I’m sure whether you’re a snow skier, water skier, or both, your answer is “no”. Why? Although similar, they are both architected differently. Snow skis are…
A data lake was initially described as a storage system that held a very large amount of data in its original format until required. Originally the term data lake was synonymous with Apache Hadoop. Apache Hadoop enabled organizations to both store and compute data on commodity hardware. Apache Hadoop was a place where you had…
Superheroes are supernatural characters, many of whom have superhuman powers like flight, x-ray vision, or indestructibility. Some are mortals with loads of resources that enable them to create armored suits, amazing vehicles, and powered gadgets that give them superhuman capabilities. They are usually the protagonist in the story, and their goal is to protect the…
An alternative data strategy is a collaborative, iterative, and exploratory process that is driven by domain subject matter expertise. That is our take from the research survey that we commissioned from Greenwich Associates to understand how buy-side portfolio managers, chief investment officers, and fund managers “Put Alternative Data to Use.” Our primary focus was to…
Industry experts and data-driven corporations around the world know there are far too few data scientists to meet the current demand, and those that are available are expensive. As a result, we’re seeing the emergence of power users referred to as “citizen data scientists” who are able to leverage powerful big data analytics tools. This…
This article was originally posted on the Cloudera VISION site. Criminals don’t refer to a playbook of best practices to execute a crime. They are creative in their thinking and collaborative in their efforts (including with parties who may not know they are complicit) to obtain their objectives and avoid getting caught. Trade surveillance in the financial…
In the blog post titled, Beyond the Cube: Embrace Analytical Views, we discussed how analytical views represent a new way to accelerate queries in a production environment. The next blog in the series, A Closer Look at Query Acceleration with Analytical Views, discussed analytical views in more detail in how to set them up. In…
This post was guest-written by Dan Woods, CEO of Evolved Media & Chief Analyst of Early Adopter Research. Dan creates ideas about technology products, based on a broad technical understanding. By writing as an analyst in Forbes and working with Evolved Media’s clients, he sees the magic in technology and why it matters to IT buyers. We…
You might be familiar with the concept of citizen journalism, which refers to “common citizens who play an active role in the process of collecting, reporting, analyzing, and disseminating news and information.” The term became commonplace in the late 1980s, due to open publishing, collaborative editing, and online content. This use of the term “citizen”…
This post was guest-written by Dan Woods, CEO of Evolved Media & Chief Analyst of Early Adopter Research. Dan creates ideas about technology products, based on a broad technical understanding. By writing as an analyst in Forbes and working with Evolved Media’s clients, he sees the magic in technology and why it matters to IT buyers. In…
Unless you’re a fully signed up member of the Flat Earth Society you probably don’t think the world is flat. Just take a walk, a boat, a few planes and whatever other modes of transportation you prefer, and as long as you stay in a straight line, eventually you’ll end up where you started. In…
