Tag Archives: IBM

Big Data Horizons- Investment, Retail Experience

Here are 7 big data, artificial intelligence investment ideas from Bank of America

“BoA cites growing market as a reason to get in now”

Analyzing the large amounts of data created by internet-connected devices will be a huge and rapidly expanding market in the coming decades, according to a top Wall Street firm. Bank of America Merrill Lynch says the artificial intelligence, and so-called big data analysis trends, will also have dramatic ramifications for business and markets.

Equity strategist Beijia Ma wrote a note to clients on the subject: “We are living in an exponential age where ubiquitous connectivity and decreasing cost are leading to the digitization and datafication of most activities,” and “AI will be the single largest driver of tech spend over the next decade.” Ma goes on to estimate that the big data market is set to reach $210 billion by 2020

Some 90 percent of the world’s data was created in the last two years, Ma said. This will only accelerate, and she predicts internet-connected devices will double in number every two to three years, rising to 1 trillion by 2035 making an incredible investment strategy.

With these statistics in mind, it’s hard to believe that the potential for incredible growth isn’t there for big data companies. With 90% of the of the worlds data being created in the last two years, one 0.5-1% of  of generated data has been analyzed. Showing great room for growth. Now is the time to buy-rated A.I. stock ideas from Bank of America, which include investment in: Alibaba, Alphabet, Amazon, Salesforce, Splunk, SAP, IBM.

How Walmart is Using Machine Learning AI, IoT and Big Data to Boost Retail Performance

“Cutting edge of customer experience”

Walmart, founded in 1962, has been innovative in transforming retail operations and customer experience by using machine learning, the Internet of Things and Big Data applications. In recent years, its position as the second largest online retailer and investment in retail tech and innovation are just a few reasons they are among the retail leaders evolving to take advantage of tech to build their business and provide better service to their customers.

Walmart recently launched Pick-up Towers, 16 x 8-foot self-service kiosks conveniently located at the entrance to the store that retrieves online orders for customers. Just scan a barcode on your receipt, and within 45 seconds the products their products appear on a conveyor belt and are dispensed to you. So far, customers almost always give these Pick-up Towers positive reviews as an improvement over the store’s traditional pickup process.

With the Walmart’s new patent application in mind. It is easy to see this company, much like others, is setting its sights to further their big data programs. With it, Walmart’s future continues to look bright, with new insights possibly being brought in to improve sales, marketing, and a variety of other sectors. This follows a clear trend we continue to see from large companies, which is the continued innovation and implementation of big data practices. With the increasing advancement of data analytics technology, the insights from it can only get better, thus pushing the business practices to new limits.

Toyota, Intel Leading New Big Data Automotive Consortium

“Streams of generated data increasing rapidly”

As connected cars become more commonly used by consumers and businesses, the associated data streams are exponentially growing. To cope with this challenge, Toyota Motor Corp., Intel Corp. and many others have founded the Automotive Edge Computing Consortium to find ways to increase network capacities.

The consortium, which was announced earlier this month, intend to find ways to develop an ecosystem for connected cars and the emerging services they require. This includes intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing. Because each of those tasks and others will require large volumes of data, existing data networks won’t be up to the job of processing it all as more connected cars get on the road in the future.

“It is estimated that the data volume between vehicles and the cloud will reach 10 exabytes per month around 2025, approximately 10,000 times larger than the present volume,” the group said in a statement. “This expected increase will trigger the need for new architectures of network and computing infrastructure to support distributed resources and topology-aware storage capacity. The architectures will be compliant with applicable standards, which requires collaboration on a local and global scale.”

One of the biggest challenges found in the big data industry is finding the most effective data from the large ocean of what’s collected. The amount of data is growing rapidly every day, but technology isn’t at a point yet where the majority of data can be analyzed. This is the biggest driving force of why partnerships like the Automotive Edge Computing Consortium exist. These types of partnerships are incredibly significant for the advancement of technologies, and hopefully we see big changes come from this

Chefs+Tech: How Big Data Enhances Good Hospitality

“Streamlines processes and ups efficiency”

Erik Oberholtzer, founder and chief executive at the expanding Tender Greens, sums up the big data challenge as it applies to restaurants: “The goal is to leverage the technology to do what we would do if we had one little restaurant and we were there all the time and knew every customer by name.”

Thanks to the systems restaurants use, collecting data on everything from popular menu items to customer loyalty is reasonably easy. What’s more challenging, though, is applying that data in fast, easy-to-understand, actionable ways that help time- and resource-crunched restaurateurs do better business.

The trend we can pull from this is that Big Data technology can still be difficult to implement in many industries. However, if adopted and utilized effectively, the insights pulled from it can be extremely beneficial for places like restaurants to gain a better understanding of their customer and product. Ultimately, this will create efficiency and more effective business practices.

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EU’s Copyright Reform Might End AI & Big Data Startups

“Industry watchers concerned”

Many industry leaders and entrepreneurs have stated their intentions to pull their activities outside of the European bloc if current copyright reform measures advance. According to Lenard Koschwitz of Allied for Startups, the most controversial aspect for affected fields is in regards to data and text mining programs. Many committees in the European Parliament have proposed that startups may only do these activities within three years until explicit permissionmust be obtained from its original sources.

Mark Zuckerberg, Priscilla Chan Donate $10M to Advance Health Using Big Data

“Spearheading Data Recycling research” 

Contrasting traditional research that recruits groups of patients and collects data from scratch, new research suggests that mining the millions of gigabytes of publicly existing data can yield great insights. Those who know where to look in health and medicine records can find them, all while protecting the privacy of the individuals whose records are being examined.

IBM Tames Big Data by Blending All-Flash Storage and Spectrum Scale Software

“Storage solution targeting big data workloads”

IBM enterprise customers will have access to insights with greater speed and with a new bundled storage solution. The software is Hortonworks Data Platform Certified and includes the EES and Spectrum Scale storage services and management processes, delivering data throughput rates that are 60% faster than previous products. The estimate is based on the 40GB per second maximum provided by the ESS GS6S array as compared to the ESS GS6 25 GB per second limit.

Before the Next Disaster Strikes, Get Better at Data Science

“Data invaluable tool to mitigate risk of asset failure”

Applied data science and advanced software can provide huge insights into machine health and help to foresee mechanical issues before they occur. This progressive data science is aiding industrial operating systems transition from reactive to proactive maintenance and compliance techniques, improving safety and saving money.

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Sweden Accidentally Leaks Personal Details of Nearly All Citizens

“Swedish Transport Agency breached”

Virtually all Swedish citizens personal vehicle details may have been leaked due to a mishandling of an outsourcing  deal with IBM. Swedish media reports that this breach extends to private vehicles and even police and military transportation as well.

Wells Fargo Gets Regulatory Questions After Data Breach

“Release of client details prompts questions”

Wells Fargo, despite already being a target of regulatory scrutiny from last years fake account scandal, has drawn even more attention to itself after a new leak. A lawyer working for the firm has released sensitive client data for tens of thousands of accounts, mostly of wealthy clients in the brokerage unit.

Second Major Ethereum Hack In a Week Leads to $34 Million Theft

“Popularity met with skepticism of security”

Cryptocurrencies like Ethereum and BitCoin have been rising fast in popular use, however many investors remain cautious due to concerns over vulnerabilities. Ethereum is not doing much to ease doubters, being majorly hacked for the second time in a single week.

Cybercriminals Kept Botnet That Infected 500,000 Computers Hidden For Five Years

“Stantinko is new creeping botnet”

The Mirai botnet and ransomware programs like WannaCry and Petya have often caught our attention, but have you heard of Stantinko? It’s been able to stealthily execute its criminal mission for over five years without attracting much, or perhaps any, media attention.

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Banks and Fed sites score as least trustworthy in OTA 2017 security and privacy audit

“Privacy and security still not capable online”

An audit of 1,000 top websites that analyzed security and privacy systems has found a concerning trend for now a third year. The Online Trust Alliance commented: “Sites either qualify for the Honor Roll or fail the Audit. In other words, sites increasingly either take privacy and security seriously and do well in the Audit, or lag the industry significantly in one or more critical areas.”

Data Breach Costs Drop Globally But Increase in US

“Data breach costs trend low”

The average cost of a data breach is now about $33.62 million globally, demonstrating about a 10% drop from last year. This is the first time an attack cost has had an overall decrease since the IBM Cost of Data Breach report has been started. Although these statistics are encouraging, the U.S. is an exception to the trend, with a 5% increase for the nations firms.

Report: 99.7% of web apps have at least one vulnerability

“Web app vulnerabilities apparent”

Pretty much every web application has a breachable point, says the 2017 Trustwave Global Security Report released Tuesday. 99.7% of apps scanned by Trustwave had at least one vulnerability, while the mean number was about 11.

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Average Global Cost of a Data Breach Now $3.6M, IBM Reports

“Cost of breaches surprisingly low”

The Ponemon Cost of Data Breach report has historically shown consistently increasing costs of attacks, but the IBM sponsored 2017 edition has shown a deviation from the usual trend. Wendi Whitmore, global lead of IBM X-Force IRIS told eWEEK; “Overall when you look at the report, the good news is that the overall cost of a data breach is down.”

IOT Malware Activity Already More Than Doubled 2016 Numbers

“Doubling of last years malware attacks already”

Honeypots formulated by Kaspersky Labs that mimicked IoT devices attracted over 7,200 malware samples over the course of May. These attacks were attempting to infect IoT connected devices primarily over telnet and SSH. This was a concerning rise, as only 3,200 samples were detected last year.

New report reveals how malware uses evasion to hide in plain sight

“Secrets hidden right in front of you”

The digital world seems to have been hiding malware in plain sight. In McAfee Labs Quarterly Threat Report, researchers have found that simple evasion techniques are used to disguise and distribute malware.

TrickBot Targets Payment Processors, CRM Providers

“CRMsystems also being targeted”

The TrickBot banking Trojan is no longer limiting its targets to financial institutions. Payment processing systems, such as CRM programs, are seeing there systems attacked F5 has warned. Earlier this year TrickBot was spotted hitting firms across the world in largely financial markets, now researchers fear that theprogram has evolved its preferences again and will further expand its reach.

Cisco Releases Open Source Malware Signature Generator

“Talos intelligence group announces open source framework to track malware”

Cisco’s Talos research group has announced Monday that its new tool, BASS, is capable of generating antivirus signatures from malware, essentially an automatic signature synthesizer. The framework creates unique signatures from malicious software that stems from the previously generated clusters. Cisco hopesthat this tool will make malware analysis simpler and improve resource allocation.

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TrickerBot Trojan Targets Private Banking

“New Trojan software focuses on banking”

IBM’s X-Force security team have confirmed the existence of a new TrickBot malware program that has been attacking business banking accounts. Many incidents have been seen in the UK, Australia, and other advanced economies that have many private banks and wealth management firms.

New Mac malware spies on your web traffic

“Capable of operating on all versions of OS currently”

OSX.Dok, a new Mac malware that can spy on a victims web traffic, has been observed on all versions of OS. The virus is still capable of avoiding detection by VirusTotal and was only until recently associated with a certified Apple developer that is authenticated by Apple. Apple has since revoked the certification.

IBM warns of malware on USB drives shipped to customers

“Storwize storage systems may contain malware”

IBM has directed all customers that have purchased any USB flash drives with the Storwize installation tool to destroy the product, as they likely contain an unspecified malware code. The devices include any flash drives utilizing the V3500, V3700, and V5000 Gen 1 systems.

info potentially compromised after Victoria University data breach

“Students and faculty info at risk”

Wellington’s Victoria University appears to have been hacked, potentially leaving the sensitive information of both students and staff available to cybercriminals. The National Cyber Security Centre and other security consultants have begun to assess the extent of the damage done, but recommend all who may have been affected to immediately revise their passwords.

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Attackers start wiping data from CouchDB and Hadoop databases

“Ransomware groups affect data storage firms”

The inevitable attack from ransomware organizations occurred over the last week, most recently with a data wipe from the databases of MongoDB and Elasticsearch clusters. Hadoop and CouchDB are also experiencing similar attacks.

New Mac malware uses ‘ancient’ code 

“New strain targets biomedical facilities with OS X”

An antiquated strain of malware ‘Quimitchin’ has been discovered by Malwarebytes after unusual outgoing traffic from an outdated Mac operating system was spotted by an IT admin. The research team commented that “in existence, undetected, for some time.”

Billion-dollar Hacker Gang Abuses Google Services To Control Malware

“Over $1 billion stolen from banks globally”

A new Forcepoint report indicates that operators of Carbanak have implemented a new system that allows the cyber-criminals to deliver commands to computers that have suffered from the infection. The infections often spreads through unprotected Google Spreadsheets and Google Forms.

Mobile Security Gap Threatens Enterprises

“New mobile tech causing security concerns”

Two new surveys of IT experts show that malicious software is on the hotlist for researchers. A Ponemon Institute study on behalf of IBM and Arxan found that nearly 84% of IT security practitioners believe that mobile applications are vulnerable to malware threats. IoT application researchers share the concerns at 66%, although at a lower rate.

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Vulnerabe IBM Code Pulled After Insistence From Security Experts

“Potential to affect several versions of WebSphere”

A researcher who was able to successfully exploit a proof of concept code able to affect WebSphere versions 7, 8, 8.5, and 9 was censored without major damages occurring. Maurizio Aggazini was cooperating with IBM to responsibly patch and censor vulnerabilities experienced in the firm’s products. These include the deserialization of untrusted data sources, causing DoS issues and allowing re,ote execution of hacking.

Half of Androids Able to be Compromised to Seemingly Outdated Malware

“Ghost Push capable on infecting Androids up to version 5”

A fairly dated yet successful malware program known as Ghost Push is reportedly still one of the most widely effective software’s used to exploit unsuspecting users. Cheetah Mobile experts say that the majority of the infections are received from application downloads not installed through the Google Play store. The Trojan program is capable of preventing third parties from gaining root privilege.

UK Firms Could Face Huge Increase in Data Breach Fines in 2018

“New EU legislations could enact harsh penalties”

PCI Security Standards Council is recommending technology companies to bypass extremely increased costs of fines that new legislation from the European Union is poised to enact. In 2015 90% of large scale firms and 74% of SME’s had reported at least one security breach, reaching just about 1.4 billion pounds worth of consumer protection fines. The EU General Data Protection Regulation is set to put harsher regulations into place that will affect firms that will instill penalties of up to €20m.

Hackers Successfully Infiltrate Senate GOP Committee

“Accelerates fears of security vulnerabilities”

While news reports of Democratic Party server hacks run rampant through the press, Republicans have been hit with a particularly devastating cyberattack by Russian operatives. For the last six months, cybercriminals have allegedly been siphoning credit card information from customers in the web storefront of the National Republican Senatorial Committee, selling the data in the black market.

 

10Fold – Big Data Business Insights – 13

Your daily digest of “All Things Big Data” gathered, collected and researched by your very own 10Fold Big Data Practice team.

Big Data

10 FOLD ICON 15x15 Forbes interviewed the chief data scientist at Whitepages.com and picked his brain about what data scientist really do.

10 FOLD ICON 15x15 The FTC is concerned about how companies are using their big data. FTC has warned in a new report that while big data can benefit under-served populations through better opportunities for education, credit, health care and employment, it can also lead to reduced opportunities and targeting of vulnerable consumers for fraud and higher prices.

10 FOLD ICON 15x15 CompTIA conducted a survey of 402 businesses and IT professionals regarding their big data projects. The report found that organizations are willing to work with third parties for help with their data initiatives.

Big Data uncovered: What does a Data Scientist really do? – Forbes

Watch What you do with that big data, FTC warns businesses – PC World

Big Data Poses Challenges, Opportunities for Businesses – eWEEK

IoT

10 FOLD ICON 15x15 There were several articles about the new cellular network software, Narrowband IoT (NB-IoT), that Ericsson announced at CES.

10 FOLD ICON 15x15 Also at CES, Samsung and Microsoft announced their partnership in developing IoT devices based on Windows 10. They plan on creating products that can run on the platform and integrate with other companies developing hardware and services on Microsoft’s OS.

10 FOLD ICON 15x15 Annapurna Labs Inc., who was bought by Amazon last year, just announced they will start selling chips for use in next-generation Wifi and in IoT devices.

Ericsson, AT&T Trailing Cellular LPWA solution for massive IoT – FierceWireless

LTE is turning up for tiny IoT Devices – Computer World

Samsung Partners with Microsoft for Windows 10 IoT Effort – TechCrunch

Amazon to Sell Wifi, IoT Chips – Network World

Cognitive Computing

10 FOLD ICON 15x15 Forbes talks with VP of IBM Watson Steve Gold on how IBM is taking on the world. Steve discussed the advancements being made in cognitive computing, calling it the arrival of the new “era” in computing. He used the example, “cognitive computers don’t need to be programmed—they can learn for themselves.”

The rise of Thinking Machines: How IBM’s Watson takes on the world – Forbes

Ecommerce

10 FOLD ICON 15x15 Practical Ecommerce lists 10 very surprising mistakes that large ecommerce sites made after the holiday season rush. For example, Overstock.com still had their Christmas banner up six days after Christmas was over.

10 Surprising mistakes on large Ecommerce Sites – Practical Ecommerce

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Your daily digest of “All Things Big Data” gathered, collected and researched by your very own 10Fold Big Data Practice team.

Big Data

10 FOLD ICON 15x15 Forbes has collected data from International Institute for Analytics (IIA), Forrester, IDC and Gartner and has created their own predictions for big data analytics and cognitive computing.

10 FOLD ICON 15x15 IBM is finishing up the year with a bang – starting off with lauching a new headquarters in Munich. They are also creating four new API services to connection IoT to Watson, covering natural language processing, machine learning, video and image analytics, and text analytics. IBM is also investing in cognitive systems that learn at scale, reason with purpose and interact with humans naturally.

10 FOLD ICON 15x15 LinkedIn is focusing on expanding their job listing options. They are injecting more data analytics into their job listing platform. This will allow users to see more data about the company, who works there, and how you compare to previous applicants.

6 predictions for big data analytics and cognitive computing in 2016– Forbes

Why IBM is betting on cognitive computing to win big on IoT– CBR

IBM’s Watson Taps APIs, Learning Centers for IoT Expansion – Information Week

IBM Opens Watson IoT Global Headquarters – CIO

LinkedIn Revamps its Jobs Listings with Big Data Analytics – Tech Crunch

 Docker/Container

10 FOLD ICON 15x15 Rapid7 was recently acquired by Logentries. It is bringing a Docker Insights Dashboard to market to help solve the challenges of container visibility.

Rapid7 Logs Docker Containers with Logentries– eWEEK

Rapid7 Recognized by Docker as Approved Ecosystem Technology Partner – CNN Money

IoT

10 FOLD ICON 15x15 A lot of IoT news also covered IBM (See Big Data).

10 FOLD ICON 15x15 Nuance is launching a beta version of Mix, a service that will help developers create devices that recognize voice commands (as well as turning the commands into actions).

10 FOLD ICON 15x15   Forbes writer, Mike Krell believes that System Integrators is the secret in finding the IoT platform that fits your needs.

10 FOLD ICON 15x15 After 3 years of research, Reality Editor app is finished. It allows users to connect and manipulate physical objects around them. The user can create connections between difference devices by pointing the camera at the objects and drawing a line.

6 predictions for big data analytics and cognitive computing in 2016– Forbes

Why IBM is betting on cognitive computing to win big on IoT– CBR

IBM’s Watson Taps APIs, Learning Centers for IoT Expansion – Information Week

IBM Opens Watson IoT Global Headquarters – CIO

Nuance Tames IoT Interface woes with new developer tools – It World

Are System Integrators the Key to Industrial IoT Success?- Forbes

App Connects IoT Devices Via Drawn Line – Silicon Angle

Cognitive Computing

10 FOLD ICON 15x15 The same news that covered IoT and big data included news about cognitive computing (See Big Data).

6 predictions for big data analytics and cognitive computing in 2016– Forbes

Why IBM is betting on cognitive computing to win big on IoT– CBR

IBM’s Watson Taps APIs, Learning Centers for IoT Expansion – Information Week

IBM Opens Watson IoT Global Headquarters – CIO

eCommerce

10 FOLD ICON 15x15 Mabay, a Tel Aviv ecommerce startup, announced today that they closed a $2.25M seed round to help “support the high demand” for its product.

Ecommerce advertising tool Mabaya Scores $2.25 million seed round – Venture Beat