Too Much Data, Too Little Analysis

See on Scoop.itData Nerd’s Corner

At times, I have felt like a lonely voice crying in the wilderness, but in truth, there is a growing chorus of others who are concerned about the same thing.

Carla Gentry CSPO‘s insight:

For many years, I have been sounding the alarm about a national security apparatus running amok, raking in more data than can make use of. At times, I have felt like a lonely voice crying in the wilderness, but in truth, there is a growing chorus of others who are concerned about the same thing.

See on www.huffingtonpost.com

Hulu to stand trial for privacy violations

See on Scoop.itData Nerd’s Corner

Popular online video streaming service Hulu will stand trial over a privacy lawsuit that claims the company illegally shared user viewing history with thirdparty sites.

Carla Gentry CSPO‘s insight:

Hulu is allegedly violating the 1988 Video Privacy Protection Act which protects the privacy of video renters. However, the company argues that the law doesn’t apply because proof of “actual injury” – or distress to viewers – could not be provided, according to court documents.

See on www.scmagazine.com

What does a really efficient market look like?

See on Scoop.itData Nerd’s Corner

The raison d’être of hedge funds is to make the markets efficient. Or at least that’s one of the raisons d’être, the others being 1) to get rich and 2) to leave early on Fridays in the summer (resp…

Carla Gentry CSPO‘s insight:

I am now prepared, as you hopefully are as well, to question what good this all does for people like us, who are not privy to the kind of expensive information required to make these trades. From our perspective, nothing happens, the price fluctuates, and the market is deemed efficient. Is this actually an improvement over the alternative version where something happens, and then the price adjusts? It’s an expensive arms race, taking up vast resources, where things have only become more opaque

See on mathbabe.org

Google Director of Engineering Ray Kurzweil on intelligent information

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Ray Kurzweil, Google’s Director of Engineering, offers a glimpse into the near future of data, intelligence and information.

Carla Gentry CSPO‘s insight:

Google is planning much more than what I mention here. And it’s not just about all the high-visibility things that companies such as Google are doing and will soon change the ways we use and get information (with Hummingbird, essentially just one step in the longer term). AI and other technologies are being used in many areas where intelligence is constantly added to information. And organizations such as IBM – with Watson as mentioned by Kurzweil in the video below – are also deep into self-learning systems and new ways of dealing with and even predicting ‘information’ as will become clear in our interview with IBM’s Neil Isford. – See more at: http://www.contentmarketingexperience.com/2013/ray-kurzweil-glimpse-future-data-information/#sthash.vuDzUWIg.dpuf

See on www.contentmarketingexperience.com

AllAnalytics – Michael Steinhart – Analytics: Where the Girls Are

See on Scoop.itData Nerd’s Corner

Data science is a field where men and women enjoy near parity in terms of university students and jobs, according to one expert.

Carla Gentry CSPO‘s insight:

This prediction is based primarily on a talk that Hillion gave at this year’s Strata Conference in New York. He said that, unlike in most IT roles, women are fairly close to achieving parity with men in data analysis.

See on www.allanalytics.com

The Incredibly Clever Way Thieves Stole 40 Million Credit Cards From 2,000 Target Stores In A ‘Black Friday’ Sting

See on Scoop.itData Nerd’s Corner

You may not like the fact that these hackers pulled off such a massive — and massively inconvenient — sting. But you’ve got to admire their ingenuity.

Carla Gentry CSPO‘s insight:

First, note that the hack did not go through Target.com, the retailer’s online website. If you shopped online at Target, your credit card info is probably safe.

The hack focused on Target’s point-of-sale, or POS system. As shoppers swiped or punched in their numbers on the checkout keypad, the hackers copied every single number

Read more: http://www.businessinsider.com/target-credit-card-hackers-2013-12#ixzz2nw7N9fLQ

See on www.businessinsider.com

Facebook Wants ‘High Quality’ Content; 8 Tips for Merchants

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Views from organic Facebook Page posts have been declining. A recent announcement from Facebook explains why. “On a given day, when someone visits News Feed, there are an average of …

Carla Gentry CSPO‘s insight:

Facebook has been reluctant to admit that advertising is the best way to get Page content noticed. However, a recent Facebook document entitled Generating business results on Facebook (PDF) leaves little room for doubt that organic placement is no longer sufficient to grow a fan base or gain visibility in News Feed.

See on www.practicalecommerce.com

Tech firms vie to protect personal data, profits

See on Scoop.itData Nerd’s Corner

Even as Silicon Valley speaks out against the U.S. government’s surveillance methods, technology companies are turning a handsome profit by mining personal data and peering into people’s online habits.

Carla Gentry CSPO‘s insight:

Microsoft’s general counsel, Brad Smith, warned in a blog post last week that the U.S. government’s online surveillance efforts "threaten to seriously undermine confidence in the security and privacy of online communications."

See on www.sfexaminer.com

Victorian Education System Failing the ‘Iron Man’ Data Analysts of the Future – Deepinder Singh Dhingra | Big Data Republic

See on Scoop.itData Nerd’s Corner

Siloed education, as well as data, hurts analytic progress.

Carla Gentry CSPO‘s insight:

The challenge in creating the perfect data analyst of the future can be likened to the film, Iron Man. To be an effective decision scientist you not only have to have the innovation, creativity, and mathematical mind of Tony Stark, but you also need the technology behind the Iron Man suit to take on big problems — something the present education system could benefit a great deal from.

See on www.bigdatarepublic.com

75% of businesses lack new data science skills

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Three-quarters of UK and US firms report a lack of new data science skills, according to a survey from SAP.

Carla Gentry CSPO‘s insight:

The businesses estimated that 28 percent of the workforce currently uses predictive tools regularly. They expect this to rise to 42 percent over the next five years. However, SAP believes that predictive analytics technologies – like its flagship in-memory platform – will mean that the skills needed to analyse data will not need to be highly technical.

See on www.computerworlduk.com