Weekly News

Published on August 10th, 2012 | by

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Friday Roundup (8/10/2012)

MIT Technology Review describes a new mathematical technique developed at Cornell University that allows large data sets of personal data to be shared and analyzed while guaranteeing that no individual’s privacy will be compromised. (LINK)

Outgoing Census Bureau director Robert M. Groves warns that the agency’s current methods of collecting data are unsustainable. The agency should rely more on Big Data that is already collected by private industry, he says. (LINK)

Business Insider outlines the benefits Big Data is bringing to the world of small business lending by enabling banks to make more detailed and accurate assessments of risk. (LINK)

Effective monetary policy requires good financial data. In a blog post, Lisa Pollack at the Financial TimesAlphaville blog describes the European Central Bank’s struggles to obtain useful datasets from European financial institutions. (LINK)

In two articles out this week, Kevin Fogarty of InformationWeek outlines the challenges facing mid-size and big businesses as they adapt to the Big Data revolution. (LINK) (LINK)

Another article in InformationWeek introduces a Big Data project from Topsy Labs, a 5-year-old data analytics firm based in San Francisco, which is working with Twitter to bring “real-time analysis to the social network’s endless stream of tweets.” (LINK)

E-commerce-style Big Data analytics are becoming increasingly common in brick-and-mortar retail stores, according to a recent article in Forbes. (LINK)

And finally, the U.S. Green Building Council, which administers LEED certification, has partnered with software firm WegoWise, which will allow developers and owners to monitor their building’s energy and water usage. (LINK)

Image credit: Wikimedia Commons user Stan9999



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