The Brinqa Buzz – 9th August 2013

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

“WE’RE THE FACEBOOK FOR DATA”

As Brinqa unveiled a host of new features coming to its flagship platform this fall, CMS Wire took an in-depth look at how Brinqa is similar to Facebook in that it is built around relationships- not between people, but between data, and how those relationships aid enterprises in better decision-making. Read more here

THE COST OF DOING NOTHING

An article in American Banker this week looks at how Brinqa has added cost of doing nothing modeling to its tech and ops risk software. Brinqa “crunches the worst-case costs to come up with an overall dollar amount associated with a risk” so that companies can decide whether or not that risk needs to be dealt with.

WHERE BANKING AND BIG DATA ARE HEADED

There’s been a lot of buzz surrounding banking and big data. A new infographic out this week showcases how big data is an asset to the banking business. Big data is solving many problems for the banking industry including scoring credit risks, understanding customer needs and managing rising security costs.

THE IMPORTANCE OF BEING STRATEGIC

According to Gartner, in the next two years, eight out of ten of Fortune 500 companies will “fail to exploit big data opportunities for a competitive advantage.” Forbes Magazine came out with some tips this week on ways to develop a big data strategy that “relates to the success of the business.”

WHERE THE JOBS ARE…

So you want to be in the Big Data industry, eh? You’re in luck. Studies show the U.S. faces a shortfall of 140,000 to 190,000 big data professionals in the next five years. Worldwide, 4.4 million IT jobs will be needed to support big data by 2015. So how do you get your foot in the door of this exploding industry? Click here to find out.

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