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Real World Internet of Things at Scale

Jim Kaskade

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Top Stories by Jim Kaskade

Fraud is definitely top of mind for all banks. Steve Rosenbush at the Wall Street Journal recently wrote about Visa’s new Big Data analytic engine which has changed the way the company combats fraud. Visa estimates that its new Big Data fraud platform has identified $2 billion in potential annual incremental fraud savings. With Big Data, their new analytic engine can study as many as 500 aspects of a transaction at once. That’s a sharp improvement from the company’s previous analytic engine, which could study only 40 aspects at once. And instead of using just one analytic model, Visa now operates 16 models, covering different segments of its market, such as geographic regions. Do you think Visa, or any bank for that matter, uses just batch analytics to provide fraud detection? Hadoop can play a significant role in building models. However, only a real-time solution... (more)

Gerstner Secrets of Leadership By @JimKaskade | @ThingsExpo [#IoT]

Lou Gerstner became president of American Express in 1985 at the age of 43. He dismissed the speculation that his success was the product of being a workaholic. Gerstner said, “I hear that, and I can’t accept that. A workaholic can’t take vacations, and I take four weeks a year.” As I write this, I’m in Wyoming with the family enjoying Yellowstone and Jackson Hole thinking, “Can I somehow achieve the level of impact of Lou Gerstner with the right work-life balance?” What keeps people from having to cancel vacations, modifying schedules to take budget calls, or work while the fam... (more)

Where Did My Love for Data Start? By @JimKaskade | @CloudExpo [#BigData]

Bynet Team Photo (left to right, top to bottom) Top Row:  John Wright, Jim (Hjerpe) Kaskade, Sumit Sharma, Dennis Russell, Bob McMillen, Bottom Row: Paul Micheletti, Lawrence Ladao, Serdar Yilmaz, Bob Moussavi, Doug Hundley. Jack Shemer & David Hartke – True Legacies Whenever Jack visited me, he used to leave sticky notes on my desk with nuggets of wisdom. For example, “Keep people you trust close to you.”…or, “Key values for Teradata where: Pride, Enthusiasm, Importance of the Individual, Teamwork and Open Communications, Ethics, Dedication, Quality, Support, Success, and Entr... (more)

Internet of Things – Definitions & Predictions By @JimKaskade | @ThingsExpo [#IoT]

Internet of Things – Definitions & Predictions Remember the days when we were debating the definition of "Cloud"? That was as recent as 2009. Fast forward to 2014 and we're facing the same ambiguities with the Internet of Things (or IoT). It's a market that is as big or bigger than Cloud. IDC expects the overall market for IoT to grow at a 12.5% CAGR from $1.3 trillion in 2013 to $3.0 trillion in 2020. IDC also forecasts that there will be approximately 30 billion autonomous thingsattached to the Internet in 2020, which serve as the catalyst driving this significant revenue oppor... (more)

Internet of Things Is the New Big Data? By @JimKaskade | @ThingsExpo [#IoT #BigData]

My favorite writer, Gil Press, sums it up with, “It’s Official: The Internet Of Things Takes Over Big Data As The Most Hyped Technology” where he talks about how Gartner released its latest Hype Cycle for Emerging Technologies, and how big data has moved down the “trough of disillusionment,” replaced by the Internet of Things at the top of the hype cycle. The term Internet of Things was coined by the British technologist Kevin Ashton in 1999, to describe a system where the Internet is connected to the physical world via ubiquitous sensors. Today, the huge amounts of data we are... (more)