jKool Blog

22 11, 2017

Internet of Things: Opportunity for Financial Services?

By |November 22nd, 2017|Financial Services, Internet of Things|0 Comments

Will financial services be able to leverage the vast amount of insight available from Internet of Things (IoT) technology for the benefit of the consumer as well as the institution? A report from Deloitte and insights from several banking leaders provides a glimpse into the future.

The Internet of Things is defined as a way for devices that are connected to the Internet to communicate and share information with other ‘smart’ devices in real time. In context, these sensors would leverage the capabilities of big data, analytics and even artificial intelligence to anticipate needs, solve problems and improve efficiency.

Estimates of the size of the IoT market vary. Analysts and technology providers forecast added economic value of anywhere from $300 billion to $15 trillion by decade’s end. And FSIs will most likely be active participants in this transformation.

We already have products that use sensing and communication technologies in a range of consumer sectors, such as self-driving cars, ‘smart’ appliances and geolocational sensing on mobile phones. We are also seeing applications in business, with assembly line management being a focal area.

With the benefits of IoT, comes challenges such as in the area of security and privacy. With the explosion of devices and sensors, cybersecurity takes on a whole new dimension – not just for institutions but also for consumers. With more digital connections and information being transmitted, digital vulnerabilities are likely to expand exponentially.

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17 07, 2017

Internet of Things: Opportunity for Financial Services?

By |July 17th, 2017|Financial Services, Internet of Things|0 Comments

Will financial services be able to leverage the vast amount of insight available from Internet of Things (IoT) technology for the benefit of the consumer as well as the institution? A report from Deloitte and insights from several banking leaders provides a glimpse into the future.
By Jim Marous, Co-Publisher of The Financial Brand and […]

3 04, 2017

How Is IoT Impacting Banks and Financial Services?

By |April 3rd, 2017|Financial Services, Internet of Things|0 Comments

IoT has been on the mind of the financial services industry for a while now. “But the IoT may be as broadly transformational to the financial services industry as the Internet itself, and leaders should make an effort to recognize the opportunities and challenges it presents for the financial sector as well as for […]

14 02, 2017

How You Can Improve Customer Experience With Fast Data Analytics

By |February 14th, 2017|Fast Data, Financial Services, Middleware, monitoring, Real-time Analytics, streaming analytics|0 Comments

In today’s constantly connected world, customers expect more than ever before from the companies they do business with. With the emergence of big data, businesses have been able to better meet and exceed customer expectations thanks to analytics and data science. However, the role of data in your business’ success doesn’t end with big data – now you can take your data mining and analytics to the next level to improve customer service and your business’ overall customer experience faster than you ever thought possible.
Fast data is basically the next step for analysis and application of large data sets (big data). With fast data, big data analytics can be applied to smaller data sets in real time to solve a number of problems for businesses across multiple industries. The goal of fast data analytics services is to mine raw data in real time and provide actionable information that businesses can use to improve their customer experience.
“Fast data analytics allows you to
turn raw data into actionable insights instantly”
Connect with Albert Mavashev
Co-author, CTO & Evangelist at jKool

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23 01, 2017

New York Department of Financial Services Issues Updated Proposed Cybersecurity Regulation

By |January 23rd, 2017|cyber security, Financial Services|0 Comments

On December 28, 2016, the New York State Department of Financial Services (“DFS“) announced that it has updated its proposed first‑in‑the‑nation cybersecurity regulation. The proposed regulation, which will be effective March 1, 2017, will require banks, insurance companies and other financial services institutions regulated by DFS to adopt a cybersecurity program by assessing its specific risk […]

5 08, 2016

Machine Learning Is Redefining the Enterprise in 2016

By |August 5th, 2016|Financial Services, healthcare, machine learning|0 Comments

Bottom line: Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data, leading to diverse company-wide strategies succeeding faster and more profitably than before.

Industries Where Machine Learning Is Making An Impact

The good news for businesses is that all the data they have been […]

2 08, 2016

Reviewing the Top 10 Big Data Trends in 2016 for Financial Services – 7 months later

By |August 2nd, 2016|Big Data, Financial Services|0 Comments

Reading it again, 7 months later, Sean O’Dowd (MapR) indeed mentioned the accurate Big Data Trends in 2016 for financial services, well done !

So let’s review it – 7 months later (my comments in Bold):

1.Machine learning will accelerate – at least made a lot of interest, not yet fully production

2.Gaps will become more evident between the leaders and the laggards – totally […]