By Henry Cutter May 31, 2018 8:25 am ET 0 COMMENTS Readers can subscribe to The Morning Risk Report here: http://on.wsj.com/MorningRiskReportSignup. Follow us on Twitter at @WSJRisk. Using big data to quantify risks is increasingly an area of focus in compliance. Above, a server at a Facebook Inc. facility in Oregon is shown in a handout photo. EPA/Shutterstock Good morning. More companies are making use of big data to try to keep them out of legal and reputational trouble, but the technology has its limits–and making good use of it is no simple matter, compliance professionals say. “There is no question that the focus on data and understanding your data is where the profession is going,” Joel Katz, chief ethics and compliance officer at the business-software company CA Technologies, told the Clearsight Advisors 2018 Compliance Summit in New York on Wednesday. “We’re in the very nascent stages of using … [Read more...] about The Morning Risk Report: The Limits of Big Data in Compliance
Big data team
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Big Data Market with Focus on Supply Chain Management The North American region holds the largest market share and growth in the Big Data Market. HYDERABAD, TELANGANA, INDIA, May 3, 2018 /EINPresswire.com/ -- Big Data Market with Focus on Supply Chain Management Big Data Market with Focus on Supply Chain Management is anticipated to hit $96.06 billion by 2023 at a CAGR of 27%. According to the new market research report by IndustryARC titled “Big Data Market with Focus on Supply Chain Management: Key Trends, Competitive Landscape, Geographic & End-User Analysis (2015-2020)”, the market is driven by the use of advanced analytics, safe delivery of products, and systems that respond based on the live data or current market happenings. Also, new channel programs such as E-commerce and social media programs provide new opportunities. Americas held the largest market share in the Big Data Market with Supply Chain Management The North American region holds the largest … [Read more...] about Big Data Market with Focus on Supply Chain Management is anticipated to hit $96.06 billion by 2023 at a CAGR of 27%.
CLEVELAND, Ohio -- Businesses from across the country and as far away as Finland will be in Cleveland later this month to compete in the Medical Capital Innovation Competition. The event, held April 23-24 at the Global Center for Health Innovation in downtown Cleveland, is returning for its second year to reinforce the idea of Cleveland as a global hub for health care. "The Next Generation of Health Care" is this year's theme, and the participating companies and college teams were chosen for their innovative approaches to using big data, machine learning and other cutting-edge technologies to improve health care," said BioEnterprise CEO Aram Nerpouni. "We're looking for big game-changing ideas," Nerpouni said. Nearly 30 professional and collegiate teams will compete for $100,000 in prizes and mentoring opportunities. The competition is sponsored by BioEnterprise, with Cuyahoga County, the Global Center for Health Innovation, and Healthcare Information and Management Systems Society … [Read more...] about Big data to be focus of second Medical Capital Innovation Competition
The recent congressional hearings on online privacy raised important questions about how individuals can have trust and confidence in the technology they use. Unfortunately, in the discussions about the need for a regulatory approach that provides individuals with greater rights and more control over their privacy, many of the comments pointed towards outdated solutions that no longer will work. Those approaches focus on providing notice to individuals about how their data will be used, and then giving them options of whether to provide the data and allow the company to use the information for a specific purpose. This “notice and choice” method is, at best, only a partial solution. Those of us who have been working on these issues for more than two decades encourage policymakers to rethink privacy — the topic of an Intel initiative . The future of technology will allow for data collection from a variety of computing devices, including many that are … [Read more...] about With big data collected in ways that people do not know, we need to rethink privacy
FIRST LOOK -- JOSHUA GREEN in Blooomberg Businessweek, “Eric Schmidt Buys The Obama Magic: Can the Big Data team pull o ? the same tricks for business? ... ‘Venture capitalists are competing all over for these people’ ... Google’s [executive] chairman is investing millions to fund a consulting ?rm for businesses sta ?ed by Obama’s former data analytics team”: “The data analytics team, led by 30-year-old Dan Wagner, is credited with producing Obama’s surprising 5 million-vote margin of victory. Schmidt thought enough of the team that when the campaign ended, he put up several million dollars to keep ts core together as a new consulting firm, Civis Analytics, run by Wagner and staffed by two dozen of his former employees. They share ownership with Schmidt, its sole investor. The plan is to bring the same Big Data expertise that guided the most expensive presidential campaign in history to companies and nonprofits. “‘The … [Read more...] about OBAMA DATA GURUS team up with Eric Schmidt — POTUS PICKS REPUBLICAN FOR FBI — RAHM on cover of TIME: ‘Chicago Bull’ — BRIAN FALLON to Justice — STEPHANIE CUTTER, KEVIN MADDEN to CNN
SIREN – “Hagel suggests US moving forces closer to Syria, Obama cautious,” by AFP Pentagon reporter Daniel De Luce, with the dateline “ABOARD A US MILITARY AIRCRAFT”: “Defense Secretary Chuck Hagel on Friday strongly suggested the Pentagon was moving forces into place ahead of possible military action against Syria … Obama has said Washington must be wary of costly and difficult foreign interventions, as calls mount for action against the regime of Syrian President Bashar al-Assad over alleged chemical warfare. US commanders have nevertheless prepared a range of ‘options’ for Obama if he chooses to proceed with military strikes against Damascus, Hagel told reporters aboard his plane en route to Malaysia. ‘The Defense Department has a responsibility to provide the president with options for all contingencies … And that requires positioning our forces, positioning our assets to be able to carry out different options’ … [Read more...] about OBAMA MEETS ON SYRIA TODAY — NEW FEAR OF BIG-DATA CRASHES: Systems too complex for humans — THE FRONT PAGE that forgot ‘I have a dream’ – N.Y. TIMES plans project with Guardian
PUNDIT PREP – WSJ 2-col. lead, “Little Progress On Uninsured For Exchanges: Early Estimates Suggest That Majority Of New Sign-Ups Already Have Coverage,” by Christopher Weaver and Anna Wilde Mathews (daughter-in law of Jay and Linda Mathews): “Early signals suggest the majority of the 2.2 million people who sought to enroll … through new marketplaces through Dec. 28 were previously covered elsewhere … Insurers, brokers and consultants estimate at least two-thirds of those consumers previously bought their own coverage or were enrolled in employer-backed plans. … About 48 million Americans were uninsured in 2012. The health law is expected to cut 25 million from that total … “One reason for people declining to purchase plans was affordability. That was cited by 52% of those who had shopped for a new plan but not purchased one in McKinsey's most recent sampling.” http://goo.gl/Aw4cS6 Story Continued Below DRIVING THE NIGHT: … [Read more...] about JOHN PODESTA TO LEAD WHITE HOUSE REVIEW OF BIG DATA — DCCC: ‘DRAMATICALLY EXPANDING’ open-seat battlefield — HATING ON GOOGLE DOODLE — MRS. OBAMA DANCE PARTY TONIGHT — B’DAY: Gov. Martin O’Malley
BULLETIN -- WASHINGTON (AP) - Washington Capitals fire coach Adam Oates, don't renew contract of GM George McPhee. SNEAK PEEK – AP for Sunday papers -- “White House: Discrimination potential in data use,” by Eileen Sullivan, with Jack Gillum: “A White House review of how the government and private sector use large sets of data has found that such information could be used to discriminate against Americans on issues such as housing and employment even as it makes their lives easier in many ways. … The review [is] expected to be released within the next week … Obama requested the review in January, when he called for changes to some of the [NSA] programs … Obama's counselor, John Podesta, … led the 90-day review, along with some of Obama's economic and science advisers. … Story Continued Below “[A]n unexpected concern emerged during White House officials' meetings with business leaders and privacy advocates: how big … [Read more...] about JOHN PODESTA’S ‘BIG DATA’ STUDY POINTS TO POSSIBLE DISCRIMINATION for jobs, housing — NEXT WEEK: POTUS meets Merkel in D.C. — LARRY GRISOLANO is 5-0 — B’DAYS: Emily Schultheis, Luke Frans
Driving the Day GOOD THURSDAY MORNING. With 12 DAYS left until Election Day, Hillary Clinton’s campaign manager Robby Mook saying Donald Trump is “absolutely right” when he says he still has a shot at being president. “With only 10 percent of votes cast, Donald Trump could win this election.” The minute-long video http://bit.ly/2dNJg9Z BOMBSHELL from Bloomberg Businessweek’s Joshua Green and Sasha Issenberg -- TRUMP’S TEAM HAS HIM LOSING!: “THE TRUMP MACHINE IS BUILT TO LAST. BIGLY”: “Despite Trump’s claim that he doesn’t believe the polls, his San Antonio research team spends $100,000 a week on surveys (apart from polls commissioned out of Trump Tower) and has sophisticated models that run daily simulations of the election. The results mirror those of the more reliable public forecasters -- in other words, Trump’s staff knows he’s losing. Badly. ‘Nate Silver’s results have been similar … [Read more...] about BOMBSHELL: Trump’s own data team has him losing — JOHN PODESTA tops Clinton chief of staff list — ROBBY MOOK: Trump could still win; CLINTON vows outreach to GOP lawmakers — B’DAY: Matt Drudge is 50