A Separate Point of View

The technology industry has become a battle ground for patent disputes. Some have questioned their value. But Apple’s recent patent victory against Samsung gives a really clear message on the importance of a separate point of view. But have some features become so generic, such as pinch-to-zoom, as to make it impossible to produce a…

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Eliminating the Fear of Social

The recent furor over Wall Street’s handling of Facebook masks a deeper issue – banking’s almost paranoid discomfort with social networking. The cultures couldn’t be more extreme. While capital markets favor opaqueness, social networking is all about transparency. Surely any bank’s nightmare would be to have its trading strategy posted on Facebook. Yet it is…

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The Real Value of Facebook?

There has been much wailing and gnashing of teeth over the recent Facebook IPO but less consensus over the long term value of the company. And bad news begets bad news. Even issues like outages gain national attention as if they were part of some deeper, darker story. Have we forgotten that the real purpose…

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Millennials and Boomers – Poles Apart or Peas in a Pod?

Popular mythology suggests younger people are more tech savvy than older ones; digital natives and digital immigrants divided by technology. Teenagers would rather text than talk. By implication, boomers are technophobes or at best neophytes. Future markets are more likely to be shaped by younger people than older ones. Many firms have set up Gen…

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Why Big Data is Important

Several years ago at university I took a course in the economics of developing countries. Back then I thought I had stumbled on the most intractable problem mankind ever faced. Now with the world running out of resources perhaps the concept of developing applies to all of us. But sometimes when you think you understand…

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Lifting the Fog of Markets – CVA and the Analytical Enterprise

$600 trillion – that’s the size of the derivatives market. 40 times the size of the U.S. economy. And it has long been one of the most opaque wonders of the world. So it’s no surprise that regulators are all over it. The consequences of default can be huge. But ironically it wasn’t defaults that…

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How does Hadoop fit into the Analytical Enterprise?

As described in a previous post, an Analytical Enterprise is one that leverages data to its advantage. This includes the hard-to-tame “Big Data”, which is too awkward to be managed by traditional means. To support this mining of Big Data, a slew of new technologies has arisen. The most talked about is Hadoop. But what…


Big Data and the Analytical Enterprise

At the recent Davos Summit, Big Data was described as an asset as valuable as currency or gold. Why this sudden excitement over something that has been around for years? Because the tools are now available for organizations to build a more powerful Analytical Enterprise – one that turns Big Data from a problem to…

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Big Data Comes of Age

Many years ago, Walter Wriston, former Chairman and CEO of Citicorp, startled the world by claiming information about money has become almost as important as money itself. More recently, the World Economic Summit at Davos published a report implying it was an economic asset as valuable as currency or gold.[i] The difference between ‘almost’ and…

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