The Upshot | How Data Can Help You Win in the Winner-Take-All Economy Sections Skip to content Skip to site index To adapt to a faster pace of change, it helps to learn how to crunch numbers about whole organizations — and about yourself. Credit Credit Supported by Upshot ByNeil Irwin June 15, 2019 This article is adapted from the book “ How to Win in a Winner-Take-All World, ” to be published June 18 by St. Martin’s Press. On the day I met Brett Ostrum, in a conference room in Redmond, Wash., he was wearing a black leather jacket and a neat goatee, and his laptop was covered with stickers that made it appear you could glimpse its electronic innards. That was logical enough, because those circuits were his responsibility: He was the corporate vice president at Microsoft in charge of the company’s computing devices, most notably Xbox and the Surface line of laptops and tablets. … [Read more...] about How Data Can Help You Win in the Winner-Take-All Economy
How big data can help banks
Sections SEARCH Skip to content Skip to site index Your Money Subscribe Log In Log In Today’s Paper Your Money | Dream of Owning a Plane? This Tax Break Can Help Advertisement Supported by Wealth Matters ByPaul Sullivan April 5, 2019 Growing up in central Connecticut in the 1980s, Joshua Siegel loved everything about flying. He couldn’t afford flying lessons, let alone his own plane, but he kept dreaming. By his 20s, he had achieved some financial success and was able to take advantage of a new tax deduction meant to spur private plane sales in the aftermath of the Sept. 11 terrorist attacks. Using the tax break, he deducted the entire cost of a new Cessna more quickly than he could have otherwise — five years versus 20 years or more. The plane was restricted to business use, but it fulfilled a childhood dream for virtually no money. “My cost to fly, between 2001 and 2005, was … [Read more...] about Dream of Owning a Plane? This Tax Break Can Help
Over a year on from the launch of Open Banking, and following last year’s IT catastrophes at Visa and TSB, it is no surprise that many in our industry are considering how effectively the big banks are reacting to this era of transformative technological upheaval. It is estimated that the five biggest UK banks hold an 80 per cent share of the UK market, but Open Banking could put this in jeopardy. Indeed, a survey by Bain & Co, Salesforce, and MaritzCX found that 63 per cent of banking customers would consider sharing their financial information to find a better deal. Open Banking was introduced with the promise that customer data (which traditional banks have closely guarded) can now be shared with other financial services providers to benefit consumers. It should now be easier for customers to see if they can get a better deal from other providers, and if they can, the process for switching should be simpler than ever before. This clearly poses a problem for traditional … [Read more...] about The big banks are losing their grip on the market to fintechs and challengers, but can big data save the day?
The computer scientist and entrepreneur explains how his technology empowers banks, retailers, and other businesses. The Oracles Published 12:00 pm CST, Friday, January 25, 2019 Photo: Yaniv Altshuler Photo: Yaniv Altshuler Image 1 of / 1 Caption Close Image 1 of 1 Photo: Yaniv Altshuler Yaniv Altshuler Uses Big Data and Artificial Intelligence to Predict Consumer Behavior 1 / 1 Back to Gallery In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Dr. Yaniv Altshuler, founder and CEO of Endor, which improves business decisions and revenue by predicting consumer behavior. It was condensed by The Oracles. Who was your biggest … [Read more...] about Yaniv Altshuler Uses Big Data and Artificial Intelligence to Predict Consumer Behavior
People used to think that big data was only for big business. They were wrong. Syed Balkhi Published 11:00 am CST, Friday, January 18, 2019 Photo: Ipopba | Getty Images Photo: Ipopba | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Ipopba | Getty Images How Companies Are Using Big Data to Boost Sales, and How You Can Do the Same 1 / 1 Back to Gallery Modern-day marketing has changed drastically over the past decade. Back in the day, when companies wanted to tweak their advertising, they would have to sift through their sales data, click-throughs and general behavior of their audience. Related: Here's How Big Data is Changing The World But big data has … [Read more...] about How Companies Are Using Big Data to Boost Sales, and How You Can Do the Same