Real World Internet of Things at Scale

Jim Kaskade

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Top Stories by Jim Kaskade

Fraud is definitely top of mind for all banks. Steve Rosenbush at the Wall Street Journal recently wrote about Visa’s new Big Data analytic engine which has changed the way the company combats fraud. Visa estimates that its new Big Data fraud platform has identified $2 billion in potential annual incremental fraud savings. With Big Data, their new analytic engine can study as many as 500 aspects of a transaction at once. That’s a sharp improvement from the company’s previous analytic engine, which could study only 40 aspects at once. And instead of using just one analytic model, Visa now operates 16 models, covering different segments of its market, such as geographic regions. Do you think Visa, or any bank for that matter, uses just batch analytics to provide fraud detection? Hadoop can play a significant role in building models. However, only a real-time solution... (more)

Big Data versus Small Data

How do you know whether you are dealing with Big Data or Small Data? I’m constantly asked for my definition of “Big Data”. Well, here it is…for batch analytics. Batch Analytics Batch Analytics Small Data Big Data Data Volume Gigabytes Terabytes – Petabytes Data Sources 1-6 (structured – SQL, or unstructured – NoSQL) 6+ structured AND 6+ unstructured Business Functions One line of business (e.g. sales) Several lines of business all the way up to a 360 degree view of the business Business Questions Queries are complex requiring many concurrent data modifications, a rich breadth ... (more)

SAP and Big Data

SAP customers are confused about the positioning between SAP Sybase IQ and SAP Hana as it applies to data warehousing. Go figure, so is SAP. You want to learn about their data warehousing offering, and all you hear is “Hana this” and “Hana that”. It reminds me of the time after I left Teradata when the BI appliances came on the scene. First Netezza, then Greenplum, then Vertica and Aster Data, then ParAccel. Everyone was confused about what the BI appliance was in relation to the EDW. Do I need an EDW, a BI appliance, an EDW + BI appliance? With SAP, Sybase IQ is supposed to be ... (more)

IoT Is the New #BigData | @ThingsExpo #IoT #M2M #DigitalTransformation

My favorite writer, Gil Press, sums it up with, “It’s Official: The Internet Of Things Takes Over Big Data As The Most Hyped Technology” where he talks about how Gartner released its latest Hype Cycle for Emerging Technologies, and how big data has moved down the “trough of disillusionment,” replaced by the Internet of Things at the top of the hype cycle. The term Internet of Things was coined by the British technologist Kevin Ashton in 1999, to describe a system where the Internet is connected to the physical world via ubiquitous sensors. Today, the huge amounts of data we are... (more)

The Convergence of Identities and the Internet of Things | @ThingsExpo #IoT #IIoT #M2M

How Brands Should Prepare for the Convergence of Identities and the Internet of Things Q&A with Merritt Maxim of Forrester Anyone who knows me, knows that I’m extremely passionate about opportunities involving Internet of Things (IoT) – or should I call it Identity of Things – and what it will bring to end-consumers and businesses alike! The industry of connected devices is growing at a breakneck speed and consumers are getting more and more excited as they learn about the ever-expanding possibilities. But are brands preparing themselves properly for IoT? Do they know the com... (more)