Big Data

MasterCard

MasterCard is Turning its Big Data Into Big Money

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MasterCard, the world’s second-largest debit and credit card company, sees business booming from selling data to retailers, banks and governments on spending patterns found in the payments it processes, a top executive told Reuters. MasterCard, which handles payments for 2 billion cardholders and tens of millions of merchants, uses that information to generate real-time data […]

Big Data

Why Every Company is Actually a ‘Big Data’ Company

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Every day companies collect data about their customers and industries, simply as an artifact of the act conducting business. As I listened to a panel on Big Data yesterday at the MIT Sloan CIO Symposium in Cambridge, Mass., I had an epiphany: every company is a Big Data company, it’s just that some get it […]

Big Data

The Online Industry And NSA Connection

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“The fact that private industry now works in tandem with the government to stalk and track us online may deflect but cannot dilute the moral argument. It seems little considerations like the prohibitions against “unreasonable search and seizure” enshrined in our Bill of Rights never made it onto the Behavioral Targeting agenda. — Jaffer Ali […]

Startup Entrepreneur

Isn’t it Time for Truth?

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My story isn’t sweet and harmonious like invented stories.  It tastes of folly and bewilderment, of madness and dream, like the life of all people who no longer want to lie to themselves. –Hermann Hesse Entrepreneurs are an extraordinary species. We are psychologically geared to be optimistic, and we often ignore the negative flip side […]