Sara M. Watson on the Industrial Metaphors of Big Data

Can you fathom the depths of big data? The word fathom is a measurement of depth of the ocean, but it has also come to mean the ability to understand something. Fathom comes from faethm, meaning ‘the two arms outstretched.’ It’s 6 feet or 1.8 meters measurement is based on a standard human scale. The length of rope dropped overboard is handily measured across the span of a sailor’s armspread. The term makes the metaphorical jump to describe concepts that we are able to get our arms around; ideas are things to be grasped. As James Geary describes in his book on metaphor, “This is the primary purpose of metaphor: to carry over existing names or descriptions to things that are either so new that they haven’t been named or so abstract that they cannot be otherwise explained.”

Cignifi raises funding to model credit scores for emerging market consumers

In the developed world, financial institutions use credit history in order to assess a person’s creditworthiness and subsequently issue them financial products at personalized terms. Unfortunately, that’s difficult to do in emerging markets, where mobile phones are more prevalent than traditional credit history.

Wall Street Firm Develops New High-Speed Algorithm Capable Of Performing Over 10,000 Ethical Violations Per Second

NEW YORK—Calling it a major breakthrough that will significantly expedite and streamline its daily operations, Wall Street financial firm Goldman Sachs revealed Thursday it has developed a new high-speed algorithm that is capable of performing more than 10,000 ethical violations per second. “

Big Data, Internet and the Technology that will Define the Future of Business

Our social environment, how we enjoy ourselves, how we buy, what we study, how we travel,… Everything we do has changed thanks to the Internet and a host of spin-off technologies. Unquestionably this change has also reached the business world. How will the business of the future function? Big data is undoubtedly one of the key ingredients for a successful transformation that has already begun.

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