Financial Services Innovation and Data Science
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Top Industries Adopting Big Data & Top Use Cases Infographic | Datameer Blog

Top Industries Adopting Big Data & Top Use Cases Infographic | Datameer Blog | Financial Services Innovation and  Data Science | Scoop.it
A quick snapshot of the current state of the big data space, including top verticals deploying a big data analytics strategy and top use cases.
Robert McKenzie's insight:

Confirming that financial services is the largest adopter, the top use cases are customer analytics, operational analytics and fraud and compliance. APAC is lagging the US and EMEA in adoption. Momentum accelerating ...

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Top Trends of Artificial Intelligence in the Workplace | CustomerThink

Top Trends of Artificial Intelligence in the Workplace | CustomerThink | Financial Services Innovation and  Data Science | Scoop.it
Robert McKenzie's insight:
These are the obvious and incremental changes . I am not in agreement that AI will increase employment. I do agree that there will be new jobs created but on balance it will be a net reduction. This i based on the number of jobs in areas such as customer service, transport and retail that are at risk.
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Over a Third of Global Firms Breached in 2017

Over a Third of Global Firms Breached in 2017 | Financial Services Innovation and  Data Science | Scoop.it
Over a Third of Global Firms Breached in 2017. Digital transformation leads to growing complexity and security risk, warns Thales
Robert McKenzie's insight:
The stats tell the story , 1/3 of global forms breached and an average of ~9 months to find the breach . How much damage is done in 9 months?
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Google challenges AWS and the hybrid cloud with its cloud platform strategy

Google challenges AWS and the hybrid cloud with its cloud platform strategy | Financial Services Innovation and  Data Science | Scoop.it
For the data focused company collecting and analysing data in the cloud is crucial. Google Cloud combines this with strong customer development muscle
Robert McKenzie's insight:
AWS and Azure are the clear public cloud leaders ..who makes up the top 5 ...Google, IBM , AliCloud , Oracle?
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Top 20 Trends in 2017 Trend Report - Futurist Keynote Speaker Jeremy Gutsche

The Trends in 2017 Trend Report is futurist keynote speaker Jeremy Gutsche's annual deep dive into future trends for the year ahead -- plus it comes with
Robert McKenzie's insight:
Love it. Hard to go past No 12 Suspended Adulthood.
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Blockchain Standards Roadmap Report Released

Blockchain Standards Roadmap Report Released | Financial Services Innovation and  Data Science | Scoop.it
Blockchain Standards
Robert McKenzie's insight:
Standards Australia have published a roadmap to blockchain standards and have been appointed by the International Standards Association to develop ISO/TC 307 as the International Standard.
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Tableau Public

Robert McKenzie's insight:
A sobering forecast that 45% of wages can be replaced with automation in Australia ...what advice to give the kids ...learn to code..
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Infrastructure-as-a-Service Predictions for 2017 - Cloud Computing on CIO Today

Infrastructure-as-a-Service Predictions for 2017 - Cloud Computing on CIO Today | Financial Services Innovation and  Data Science | Scoop.it
Robert McKenzie's insight:
Cloud adoption is indeed moving ahead .. the predictions are historically too aggressive on timelines but directionally correct.
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12 Ways to Tell Someone Is Really Intelligent (and Not Just Faking It)

12 Ways to Tell Someone Is Really Intelligent (and Not Just Faking It) | Financial Services Innovation and  Data Science | Scoop.it
Confidence is too often mistaken for competence. Don't be taken in: Follow these tips.
Robert McKenzie's insight:
Personal checklist ..it is out of 12 ...
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Bracing for seven critical changes as fintech matures | McKinsey & Company

Bracing for seven critical changes as fintech matures | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
The fintech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviors.
Robert McKenzie's insight:
Lower growth rates, higher valuations and partnerships for distribution all validate the title of this article.
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Rescooped by Robert McKenzie from BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance
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Accenture: Nine out of 10 Major Banks in North America and Europe Exploring Blockchain Technology for Payments

Accenture: Nine out of 10 Major Banks in North America and Europe Exploring Blockchain Technology for Payments | Financial Services Innovation and  Data Science | Scoop.it

Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture. The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues.


Via Shannon Steele
Robert McKenzie's insight:
Huge opportunity for banks to do more than just make their existing services more efficient
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Google Reveals Its 9 Principles of Innovation

Google Reveals Its 9 Principles of Innovation | Financial Services Innovation and  Data Science | Scoop.it
Want to know what's in Google's secret sauce? Chief social evangelist Gopi Kallayil dishes out the tech giant's success recipe.
Robert McKenzie's insight:
I re-read these over the weekend (first published 2013) and was struck with how relevant they are. Still looking for that 20% to spend on innovation..
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Distributed Ledgers in Payments: Beyond the Bitcoin Hype

Distributed Ledgers in Payments: Beyond the Bitcoin Hype | Financial Services Innovation and  Data Science | Scoop.it
Distributed ledgers present banking executives with intriguing opportunities. Forward-thinking institutions are starting to move beyond experimentation to realize the potential for faster, more efficient payments.
Robert McKenzie's insight:
Another interesting consulting house commentary on Bitcoin/Blockchain.
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MEDICI Top 21 – Blockchain Awards: Announcing the Leaders Working With Technology of the Future

MEDICI Top 21 – Blockchain Awards: Announcing the Leaders Working With Technology of the Future | Financial Services Innovation and  Data Science | Scoop.it
In this article, Let’s Talk Payments announces the results of the MEDICI Top 21 - Blockchain Award.
Robert McKenzie's insight:
Worth a browse to get a snapshot of the key use cases for Blockchain.
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Microsoft Boosts Bing's IQ With Powerful AI And Deep Learning Technology Accelerated By Intel FPGAs

Microsoft Boosts Bing's IQ With Powerful AI And Deep Learning Technology Accelerated By Intel FPGAs | Financial Services Innovation and  Data Science | Scoop.it
According to Microsoft, Intel’s FPGAs give Bing the ability to read and analyze billions of documents in a fraction of a second and have reportedly enabled the company to decrease the latency of its models by more than 10x, while simultaneously increasing model size by 10x as well.
Robert McKenzie's insight:
Microsoft has also reorganised around AI and is emerging with Google as a leader with dedicated resource types . Google is on the 2nd Gen of custom designed chipsets and so this is also a battle of homegrown vs commercially available via Intel.
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Alteryx PaaS delivers best-in-class geospatial business intelligence | Alteryx

Alteryx PaaS delivers best-in-class geospatial business intelligence | Alteryx | Financial Services Innovation and  Data Science | Scoop.it
Orange, CA - May 24, 2010 – Alteryx, Inc. (formerly SRC) today put the power of the world's fastest and most robust Geographic Business Intelligence technology platform into the hands of wider user communities via enhanced web services capabilities demonstrated at the ICSC ReCON global retail real estate convention in Las Vegas. Enterprise customers using Alteryx in hosted, on-premise and hybrid environments will deliver custom applications to every level of user, partner and supplier within their organizations through the Alteryx menu-driven, web wizard interface.
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50 Smartest Companies 2016

50 Smartest Companies 2016 | Financial Services Innovation and  Data Science | Scoop.it
Our editors pick the 50 companies that best combine innovative technology with an effective business model.
Robert McKenzie's insight:
Fascinating list Amazon No 1 ...
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The digital reinvention of an Asian bank | McKinsey & Company

The digital reinvention of an Asian bank | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
The CEO of DBS says it’s not enough to apply digital “lipstick.”
Robert McKenzie's insight:
2 small focussed innovation groups to act as catalysts, a program to increase tech literacy and supporting KPI's . A pragmatic approach to becoming a 20,000 person start up
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The next-generation operating model for the digital world | McKinsey & Company

Companies need to increase revenues, lower costs, and delight customers. Doing that requires reinventing the operating model.
Robert McKenzie's insight:
This is the emerging hot topic. Through one lens it is a focus on how do I reduce the latency of my company .


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What is a GPU + Why Do I Care: A Businessperson Guide

What is a GPU + Why Do I Care: A Businessperson Guide | Financial Services Innovation and  Data Science | Scoop.it
A practical explanation of what GPUs are, how they differ from CPUs, what workloads are optimal for GPUs and what the economics look like for GPU computing.
Robert McKenzie's insight:
Analytics is growing at 40% + per annum and is the 2nd workload that companies typically move to cloud services . With major cloud providers now introducing GPU based services this article explains why and simply shows the difference between a CPU and a GPU.
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Is Blockchain the Next Great Hope - or Hype? - Knowledge@Wharton

Is Blockchain the Next Great Hope - or Hype? - Knowledge@Wharton | Financial Services Innovation and  Data Science | Scoop.it
Blockchain, the innovation behind cryptocurrencies like bitcoin, is garnering great interest. But is it too early to predict its potential?
Robert McKenzie's insight:
Some interesting comments on how the separation of payment from identity has many benefits and some insight into the potential to revolutionise real estate..
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Thriving in the Age of Digital Business Models - Knowledge@Wharton

Thriving in the Age of Digital Business Models - Knowledge@Wharton | Financial Services Innovation and  Data Science | Scoop.it
In this series, authors Barry Libert, Megan Beck and Jerry (Yoram) Wind explore why companies whose business models involve leveraging networks generate more value than traditional firms.
Robert McKenzie's insight:
A new year reminder that the digital revolution gathers pace..
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Rescooped by Robert McKenzie from WHY IT MATTERS: Digital Transformation
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What is IT's role in digital transformation?

What is IT's role in digital transformation? | Financial Services Innovation and  Data Science | Scoop.it
Digital technology is revolutionising business but the role that IT departments play in digital transformation is not clear.

Via Farid Mheir
Robert McKenzie's insight:
The 'theme' of who should lead and who should coordinate is becoming a common challenge. This plays out in big data and analytics , innovation, digital transformation and is really an issue of coordination and governance
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Farid Mheir's curator insight, October 23, 2016 9:25 PM

A survey of 812 senior executives continues to show that companies expect IT and the CIO to drive the digital transformation but that IT department are not ready or equipped to lead the way. Been like that for a long time. Sad.

Jean-Marie Grange's curator insight, October 28, 2016 9:58 AM
OK, this study is sponsored by SAP, so it is IT centric, but it is intersting to read that collaboration between all the departments (IT and non-IT) is seen as a key success factor in digital initiatives. Very true, but not always easy to implement...
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Blockchain, IoT, Artificial Intelligence Poised to Shake Up Healthcare

Blockchain, IoT, Artificial Intelligence Poised to Shake Up Healthcare | Financial Services Innovation and  Data Science | Scoop.it
Artificial intelligence, blockchain, and the Internet of Things are some of the top big data technologies to watch in the healthcare industry.
Robert McKenzie's insight:
A nice summary of the opportunity in healthcare to improve patient care and reduce costs. Insurers take note!
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Hughes Systique's curator insight, October 25, 2016 6:19 AM
Blockchain, the Internet of Things, and artificial intelligence will all be technologies to watch as the healthcare industry delves into its big data stores.
 
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The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services

The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services | Financial Services Innovation and  Data Science | Scoop.it
The report builds upon the findings from Deloitte/World Economic Forum report Disruptive Innovation in Financial Services and looks at the impact of implementing distributed ledger technology across nine sectors of financial services. Our findings suggest this technology has the potential to “live-up to the hype” and reshape financial services, but requires careful collaboration with other emerging technologies, regulators, incumbents and additional stakeholders to be successful.
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EY - Blockchain reaction: Tech plans for critical mass

EY - Blockchain reaction: Tech plans for critical mass | Financial Services Innovation and  Data Science | Scoop.it
Blockchain is the first native digital medium for peer-to- peer value exchange, establishing the rules - in the form of globally distributed computations.
Robert McKenzie's insight:
“Blockchain shifts cybersecurity from depending on one to depending on many, and a large volume of people are much more trustworthy than any one individual.”

A key attribute -often understated

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