The weekend review: big data and human risks

This week our latest batch of quarterly wrap-up reports proved to be some of the most popular content on GigaOM Research. Each report provides a cheat sheet to the major news events, executive shakeups, and new technologies to emerge over the past three months. And it has been an eventful quarter: Between the NSA leak scandal, announcements at WWDCFisker’s downfall, and more, there’s plenty to catch up on.
First, in “Proactive compliance: using big data analytics to manage human risks,” Steve Hunt looks at how financial institutions are using increasingly affordable technologies like cloud commuting and parallel processing to monitor and detect potentially suspicious activity across vast numbers of complex transactions each day. This monitoring has become particularly important for compliance requirements following the global financial meltdown of 2008, but Hunt contends that many of the systems currently in place are still insufficient for detecting many of the more subtle cases of fraud, money laundering, and other suspicious activities. Instead, he advocates that financial institutions take a proactive approach, using big data and predictive analytics tools to detect patterns in unstructured and semistructured data, capitalizing on techniques commonly used by government intelligence agencies. Hunt analyzes the compliance challenges, current practices, and common threats that are affecting the financial sector today and provides a list of recommendations for CIOs and CSOs who are considering implementing this proactive approach toward compliance.
Next, in “Cloud and data second-quarter 2013: analysis and outlook,” David Linthicum and Jo Maitand take a look at the past three months in the cloud, infrastructure, and big data sector, with a particular focus on some of the big news items to affect the market landscape. While the NSA leaks and the PRISM scandal dominated the quarter’s headline — and stirred up questions about cloud privacy and data privacy across international borders — the spring quarter also saw some major acquisitions, such as the IBM-SoftLayer deal. Linthicum and Maitland also highlight other big executive shakeups, emerging trends, and funding IPO news for the cloud and data market, and they present a near-term outlook and select key takeaways.
Last, Colin Gibbs provides an overview of the turbulent mobile landscape in “Mobile second-quarter 2013: analysis and outlook.” The past quarter saw a number of important consolidations (such as those between SoftBank and Sprint as well as T-Mobile and MetroPCS), as well as a few major acquisitions (Google’s $1.1 billion deal with Waze). It was also a busy time for consumer products: Apple rolled out its controversial iOS 7 redesign at WWDC in June, Facebook and Twitter launched major mobile initiatives, and Zynga and Blackberry continue to lose market share. Gibbs looks at some near-term trends and developments that may shake up the mobile market, and he closes with key takeaways for the mobile market ahead.
Also popular this week:
The Xbox One’s role in the TV ecosystem
Retail’s reinvention: technology’s impact on today’s supply chain
Survey: how apps can solve photo management