Weekly Big Data Catch-Up

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Dataconomy » Weekly Newsletter

News and Opinions from the world of Big Data.

Excerpts:

Kreditech pioneering new scoring technology in consumer lending

Kreditech_teamWe caught up with Laurent Schüller, Head of PR at Kreditech to discuss innovations in the personal finance market and Kreditech’s plan for the future. Dataconomy: Hi Laurent, please tell us what Kreditech does. Laurent: The company was founded two years ago in Hamburg. The basic concept was to create a new credit score system. The Schufa credit bureau in Germany provides a credit score for individuals based on data collected over many years. This is an established system but it does not exist in consumer finance emerging markets, or even emerging markets in general. Our idea was to create a credit score that is country- and credit bureau-independent, which can quickly be applied to any market globally. For example, suppose someone came to our website to apply for a loan. First, we collect up to 10,000 data…

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The Death of Twitter

Death of TwitterTwitter started as a social version of text messaging. The limit on a text message is 160, which Twitter truncated to 140 to account for the sender’s name. Early reviews considered the platform to be “addictive and at the same time annoying”; a less charitable review went as far as saying “that’s the dumbest idea I’ve ever heard of”. The birth of Twitter in 2006 made it the right platform at the right time. Every mobile phone effectively served as a broadcasting platform. The iPhone provided millions on-the-go Internet access, and allowed tweets be sent for free. These haiku-length packages of information could be made to fit nicely into narrow mobile phone data streams, providing a real-time flow of information. Everybody wants to be heard. Writing a full blog takes…

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HP Announces $1 billion Investment in Open-Source Cloud Computing Service Helion

HP HelionHP announced that HP Helion, its open-source cloud computing services portfolio, will become available in over 20 countries around the world in the next two years. The plan is to spend sums exceeding $1 billion to offer OpenStack-based software, offering HP’s existing cloud products, and providing new products and services, such as: HP Helion OpenStack Community edition: A free cloud platform suitable for proofs of concept, pilots and basic production workloads. An enhanced commercial edition targeting global enterprises and service providers will be released in the coming months. HP Helion Development Platform: A Platform as a Service (PaaS) based on Cloud Foundry, offering IT departments and developers an open platform to build, deploy and manage applications. HP’s OpenStack Technology Indemnification Program: Protects qualified customers using HP Helion OpenStack code from…

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Big Data Helping Us Run Faster

Big Data Helping Us Run FasterPreviously we had a look at how data-centric approaches were used in baseball and cricket to identify undervalued players. Today we review studies on absolute limits on how fast humans and animals can run. While human runners continue to set new speed records, racehorses appear to have reached a plateau. The Kentucky Derby has been won in just over two minutes every year since 1949. Usain Bolt’s world-record time of 9.58 seconds for the 100-meter race was only set in 2009. Statistical analysis suggests that the fastest time possible for a human is 9.48 seconds. However, like most correlation-based studies, such an approach does not indicate why this is the case. A plausible explanation is genetic diversity. American racehorses are bred from a small gene pool, with 95 percent descending…

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US Middle Class No Longer World’s Richest – Infographic

US middle class no longer the world richestLast week, we had a quick look at Thomas Piketty’s Capital in the Twenty-First Century, and data-driven research that highlights rising inequality globally. The following infographic featured today further shows how the American middle class is no longer the most affluent in the world. Economic figures, such as GDP per capita, shows the United States has maintained its lead as the world’s richest large country. However such figures are averages, which do not capture the distribution of income. Analysis across lower- and middle-income tiers show citizens of other industrialized countries receive larger raises over the last 30 years compared to the US. They suggest most American families are paying a steep price for high and rising income inequality. The following broad factors appear to be at work: 1. Educational attainment…

The post US Middle Class No Longer World’s Richest – Infographic appeared first on Dataconomy.


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