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FCA approves use of big data for insurers

Sep 23, 2016 | By admin

The UK's Financial Conduct Authority (FCA) has signalled its approval of the use of big data in the insurance industry, after it revealed it was dropping plans to launch a full inquiry into the use of the technology in the industry. The regulator announced a review into the sector last year, stating it was aiming…

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New programming language ‘boosts big data speeds fourfold’

Sep 22, 2016 | By admin

A new programming language developed by researchers at the Massachusetts Institute of Technology (MIT) is claiming to be able to increase the speed of big data processing by up to four times. Called Milk, the language allows application developers to manage memory more efficiently in programs that deal with scattered data points in large data…

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Hadoop and NoSQL drive big data boom

Sep 20, 2016 | By admin

Investments in technologies such as Hadoop and NoSQL will underpin much of the growth in the big data analytics market in the coming years, with non-relational solutions set to increase at around twice the rate of the sector as a whole. This is according to a new report from Forrester Research, which found that over…

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How big data helps keep trains running on time

Sep 15, 2016 | By admin

Siemens – the largest engineering company in Europe – is trying to improve punctuality on Germany’s rail network by utilising big data analysis and predictive maintenance. The most recent data from the European Commission reveals that just over three-quarters (78.3 per cent) of the country’s long distance trains arrived on time. The report, published in…

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Shop Direct highlights big data’s impact as profits rise

Sep 13, 2016 | By admin

Online retailer Shop Direct has highlighted its investments in big data and machine learning as among the reasons for its recent success, as it unveiled revenue of £1.86 billion for the first full year since the implementation of these technologies. Computing magazine reports that the company, which runs brands including Littlewoods.com and Very.co.uk, reported profits…

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