A look back at the week in Risk Analytics, Big Data and other buzzworthy items

STRATEGIC RISK MANAGEMENT CHALLENGES

For businesses implementing a Strategic Risk Management program, some common challenges tend to occur. These include “defining a risk appetite, poor internal communications, and tracking measurable results.” An ebiz article says these challenges can be overcome with an Enterprise Risk Management solution.

FIGHTING CYBERCRIME WITH BIG DATA

How can big data be used to fight cyber attacks? A Trend Micro article suggests new ways of dealing with these threats including “the right combination of methodologies, human insight, an expert understanding of the threat landscape, and the efficient processing of Big Data to create actionable intelligence.”

IT’S TIME FOR ANALYTICS TO GET PERSONAL

With security attacks becoming more personal, Author Hugh Thompson says security and data analytics needs to become more personal as well. Speaking at the Rapid-7 United 2013 security summit, Thompson said a personal approach would help “understand the risk and know when it’s coming so you can prevent it.”

BIG DATA REQUIRES BIG TEAMS

There’s growing concern about the lack of data scientists to coincide with the big data boom, but is big data too big for one title to tackle? An IT World article offers a solution of big data teams that would represent business analysis, analytics expertise, data technology expertise and visualization expertise.

DECISIONS… DECISIONS

A key element needed to successfully implement a big data program lies in the hands of a company’s decision makers. A Bloomberg Businessweek article says, “Although many people talk about turning data into insights, the under-appreciated problem is turning those insights into decisions.” Read more here.