Dataconomy http://dataconomy.com Bridging the gap between technology and business Wed, 13 Dec 2017 14:57:23 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 Same Title, Different Role: Commercial vs. Industrial Data Scientists http://dataconomy.com/2017/12/title-different-role-commercial-vs-industrial-data-scientists/ http://dataconomy.com/2017/12/title-different-role-commercial-vs-industrial-data-scientists/#respond Wed, 13 Dec 2017 14:57:23 +0000 http://dataconomy.com/?p=18948

Data science is a critical component of business operations today. According to Forrester, organizations that are driven by data science research and insights are twice as likely to be market leaders within their industries. The proof is in the pudding: investment in data leads to big-time payoffs for companies. While

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Random Data Explained: Harnessing the Benefits of TRNGs and PRNGs http://dataconomy.com/2017/12/random-data-can-benefit-business/ http://dataconomy.com/2017/12/random-data-can-benefit-business/#respond Mon, 11 Dec 2017 13:15:13 +0000 http://dataconomy.com/?p=18952

Data. Where would we be without it? We all know that it’s in the very DNA of our everyday life, from business to social experiences, from the smartphones in our hands to the cars we drive. Data is a driving force both directly and indirectly in our society – a fact that

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Machine Learning & Data Analysts: Seizing the Opportunity in 2018 http://dataconomy.com/2017/12/machine-learning-data-analysts-seizing-opportunity-2018/ http://dataconomy.com/2017/12/machine-learning-data-analysts-seizing-opportunity-2018/#respond Thu, 07 Dec 2017 16:20:03 +0000 http://dataconomy.com/?p=18946

Undoubtedly, 2017 has been yet another hype year for machine learning (ML) and artificial intelligence (AI). As ML and AI become increasingly ubiquitous in many industries, so does the proof that advanced analytics significantly improve day-to-day operations and drive more revenue for businesses. Yes, it’s true – enterprises worldwide have

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FinTech in the Banking Environment http://dataconomy.com/2017/12/fintech-banking-environment/ http://dataconomy.com/2017/12/fintech-banking-environment/#respond Wed, 06 Dec 2017 17:52:25 +0000 http://dataconomy.com/?p=18941

Who goes there, friend or foe? The emergence and development of innovative and flexible financial startups is causing a revolution in financial markets by proving that financial services can be built from the ground up, in response to real user needs. So much so that gaining customers’ trust, along with

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How Blockchain Can Revolutionize Healthcare & Medical Records http://dataconomy.com/2017/12/blockchain-can-revolutionize-healthcare-medical-records/ http://dataconomy.com/2017/12/blockchain-can-revolutionize-healthcare-medical-records/#respond Mon, 04 Dec 2017 11:46:02 +0000 http://dataconomy.com/?p=18925

Blockchain technology has been at the center of media attention due largely to bitcoin, an upcoming digital currency that uses blockchain technology, increasing in value, netting investors unheard of returns. However, not many people actually understand what blockchain itself is. Simply put, a blockchain is a distributed, immutable ledger or

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New Technology Has Changed The Face of Education http://dataconomy.com/2017/12/new-technology-changed-face-education/ http://dataconomy.com/2017/12/new-technology-changed-face-education/#respond Fri, 01 Dec 2017 12:34:33 +0000 http://dataconomy.com/?p=18930

With the advancement of technology over the past few years, we have seen a major change in the education sector. The way children are taught and the way the children are interacting with the teachers has changed a lot with the advancement of technology.  Distance education has totally changed now;

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How big data technology is transforming fraud investigations http://dataconomy.com/2017/11/big-data-technology-transforming-fraud-investigations/ http://dataconomy.com/2017/11/big-data-technology-transforming-fraud-investigations/#respond Tue, 28 Nov 2017 09:43:14 +0000 http://dataconomy.com/?p=18919

The inside story of the Paradise Papers leak With more than 1,4 terabytes of data, the Paradise Papers is the illustration of the new possibilities for the fraud investigation world. Conducting investigations is a challenge in the age of big data. Massive volumes, unstructured and siloed data make it harder

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Automation and Effective Attack Frameworks: The Lifeblood of Today’s Red and Blue Teams http://dataconomy.com/2017/11/automation-effective-attack-frameworks-lifeblood-todays-red-blue-teams/ http://dataconomy.com/2017/11/automation-effective-attack-frameworks-lifeblood-todays-red-blue-teams/#respond Mon, 27 Nov 2017 17:26:27 +0000 http://dataconomy.com/?p=18910

With the constant threat of cyber attacks looming, the old adage “It’s not a matter of if you’re going to be breached, it’s a matter of when” still rings true. It’s no secret that the number of cyber attacks have sharply increased against organizations, each of them more destructive than

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Understanding the value of your customer: CLV 101 http://dataconomy.com/2017/11/understanding-value-customer-clv-101/ http://dataconomy.com/2017/11/understanding-value-customer-clv-101/#respond Fri, 24 Nov 2017 12:32:08 +0000 http://dataconomy.com/?p=18897

At some point, almost every company faces questions like How good are the customers that we acquire? How do they differ from each other? How much can we spend to encourage their first or next transaction? As a measure that determines the amount of profit a customer brings over the

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Can Data Explain Why Online Slots Are Succeeding Against Tech-heavy Rivals? http://dataconomy.com/2017/11/can-data-explain-online-slots-succeeding-tech-heavy-rivals/ http://dataconomy.com/2017/11/can-data-explain-online-slots-succeeding-tech-heavy-rivals/#respond Wed, 22 Nov 2017 14:23:46 +0000 http://dataconomy.com/?p=18889

If you think for a moment about the world of computers and gaming, your mind might initially drift to the perceived glitz and glamor of the latest releases that showcase 4K graphics, or perhaps even the might of the PS VR, which hints at console gaming being ready to move into

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