From Marriott to the Democratic National Convention to Yahoo!, significant data breaches have become practically normalized. This is, of course, nonsense; privacy is a fundamental right and the fact that major organizations cannot guarantee your digital privacy is an enormous problem. While compromised email addresses and passwords are one thing, the recent crack of data and analytics company Ascension’s Elasticsearch-based database spilled more than 24 million banking and financial documents onto the web for an all-you-can-steal buffet. For companies, this should be a giant flashing red light that says, “Ensure your security is up to snuff.”
Financial services companies comprise a significant portion of the Attivio client base. In fact, 8 of the world's top 10 banks work with us to address a variety of opportunities in risk and compliance, customer support, and knowledge management. Two events held last week focused on the risk and compliance scenarios and how modern, machine-learning based search can help improve investigator productivity, decrease false positives, and protect the brand.
An entire ecosystem of tools and data processing frameworks have grown up around Hadoopas companies are building out a modern data architecture. Almost as soon as someone identifies a weakness or limitation—and there have been more than a few—someone else creates a fix. That's one of the reasons the Big Data ecosystem is so complex. And why many large companies hung back before jumping in. They wanted to see if any leaders would emerge from the chaos.