By Mina Wallace
You’ve seen the headlines. There are many stories in the media detailing how risk management failures can be hugely damaging – both in terms of direct losses and company reputation. Increasingly, the root causes of such losses are multi-dimensional. In fact, our research shows that 42 percent of the top losses since 2007 have been boundry events involving credit risk, market risk and operational risk.
While some companies have been able to meet their risk and compliance challenges head on, many in financial services today are still struggling to move beyond traditional approaches and legacy systems to keep up with changing requirements. These clients are challenged to operate and perform sustainably in an environment that is increasingly complex, regulated and competitive yet still expected to generate a healthy bottom line.
This week at IBM’s ClientCenter in New York, we’ll demonstrate how Financial institutions today can build trust across organizational silos with a Smarter Risk approach, which brings together an interconnected view of risk across the enterprise. Continue Reading »
By Scott Megill
The demand for healthcare to go mobile is on the rise.
More and more physicians and patients are using an increasing number of mobile healthcare apps, healthcare apps which enable an almost unlimited range of health-related functions, from an individual patient controlling their diabetes, to monitoring diet & exercise and even, to tracking medical treatments and progress.
By 2017, half of the world’s more than 3.4 billion smart phone users will have downloaded health-related apps.
The rapid increase in mobile health app use is generating an enormous amount of patient data. Simultaneously, a plethora of data is being generated through individual patient’s medical records, which can easily cross multiple departments, physicians, and clinicians.
How can healthcare providers manage this influx of data and tap into the mobile opportunity to draw key insights and improve customer care? Continue Reading »
By Chris Nay, IBM Research Communications
Every year, top U.S. men’s college basketball teams enter a month-long tournament for a chance to be crowned champion. And it always stirs up fan and pundit predictions to pick potential winners of all 63 games.
To really give the pot a stir this year, Berkshire Hathaway, Quicken Loans and Yahoo Sports teamed up to create the Billion Dollar Bracket Challenge. Choose every match up correctly and win $1B.
While the odds of picking a perfect bracket in the challenge were steep, it didn’t put off millions of basketball fans everywhere from filling out brackets. However, it only took 48 hours, 25 games (and several upsets) for every bracket to be eliminated. (See an infographic that breaks down the bracket data.)
By Alicia Buksar, IBM Communications
As a teenager parking cars at a Fort Lauderdale country club, IBM customer analytics consulting leader Mike Haydock picked up much more than just tips.
Take the life lesson he received one day from Academy Award winning actor George C. Scott. “He gave me a tremendous insight on how he got into the role of Patton,” Haydock said. “He told me he became that role. He became Patton. That’s how he was able to pull that performance off.”
Haydock says he applies that same philosophy to his own work with clients. “I start to think like them,” he said. “So I know everything about the problem they’re trying to solve and probably more.”
That immersive approach has made Haydock, known as the ‘Math Maestro,’ one of IBM’s most sought after analytics experts, a demand that is likely to grow now that he has been named an IBM Fellow. The Fellow designation acknowledges an employee’s important contributions as well as their industry-leading innovations in developing some of the world’s most important technologies. Continue Reading »
By Manny Schecter
The U.S. has endured numerous economic eras — farming, machines, manufacturing, transportation, and so on. Why has the U.S. economy survived and, more importantly, thrived throughout these periods? Were we just inherently gifted farmers? Were we all mechanically inclined? Are we experts at efficiency? If not, what then?
Our economy has proven flexible enough to successfully transition from one era to the next, but how? The answer lies not in details about the eras themselves, but in the innovation that enabled and sustained them. That is, the U.S. has been a leading innovator in each economic era. We are curious. We are creative. We are inventive. And this innovative spirit has been the common thread throughout.
Another reason why our nation has successfully navigated numerous economic eras is we have the most robust patent system in the world. The patent system is an engine for innovation. Specifically designed to promote innovation, the patent system provides the protection needed to ensure creative endeavors are not misappropriated by others who have not shouldered the same development expense. To allow otherwise would advantage copycats over inventors. Continue Reading »
By Steve Hamm
Aleksandra “Saska” Mojsilovic grew up in the former Yugoslavia before it splintered into nine nations, and, by the time she graduated with a PhD in electrical engineering from the University of Belgrade in 1997, “The world I knew didn’t exist anymore,” she says. Today, as a scientist at the IBM Research lab in Yorktown Heights, N.Y., she’s making it possible for people to understand how the world works much more deeply than every before–so they can transcend traditional boundaries and make better decisions in their private and professional lives. Continue Reading »
By Chris Sciacca
Ballet or mathematics? Most ordinary eight year olds girls would probably choose ballet, but Maria Dubovitskaya was anything but an ordinary eight year old.
One day, after ballet lessons in the Moscow suburb of Domodedovo, Maria’s parents were running a little late. She heard other children, mostly boys her age, clacking away on IBM 286 PC keyboards in the classroom next door. Peeking through a crack in the door Maria was overcome with curiosity.
“I remember they were drawing different figures on the screens and magically changing their shapes and colors simply by typing on the keyboard. I just had to try this out for myself.”
When her parents finally arrived, she immediately asked them to sign her up for a computer class.
“I didn’t know what to expect, but thinking back now, my parents were very supportive. In fact, a few days later my dad bought me a programming book for kids called The Encyclopedia of Professor Fortran, and also brought home a very simple computer. I was hooked,” said Maria. Continue Reading »
By Rob White
What do Healthy Splash, Dance Penguin Style, Dino Boy, Burger Party, and Ziggy Bones all have in common?
They’re all mobile applications and they were all developed by a group of 3rd and 10th grade students in Ottawa, Canada, taking part in the TechU.me program this week.
This pioneering program encourages the development of critical thinking, creativity, collaboration and communication skills in young people. Specifically, it links primary students with high-schoolers and private-sector industry mentors to collaborate on mobile educational games and app development. Continue Reading »
By John Armstrong
The current tech narrative is rife with examples of how data analytics has reshaped our world and the industries that play in it. Healthcare providers are able to analyze vast pools of data to improve patient care through greater understanding of an individual’s medical history or determine which treatment is likely to be most effective, for example. Retailers can keep tabs on their customer’s purchases to make product recommendations that are most inclined to catch their interest.
Buoyed by these successes, the industry is pushing data into new, unexpected corners. Recently, we’ve seen individual companies begin to experiment with how data can inform design, from a company’s products to the experiences they offer. It’s about taking something that was once largely art and enriching it through science.
For example, Nike experimented with what it calls “smart data,” using the right data and scenario planning to come up with more sustainable designs for its products, such as a dyeing technique that doesn’t need water. Continue Reading »
By Dan Ricci
Remember when car dealers pushed tinted windows, rust proofing, and keyless entry to sell cars? That’s ancient history for automakers. Today’s new competitive edge is centered around the Connected Car – and using real-time insights from big data inside and outside of vehicles to improve safety, enhance vehicle quality and enrich the driving and service experience.
Cars are rolling gold mines of information, gathering data about the driver, the driving environment and the car itself, as well as any connected devices. In fact, up to 25 gigabytes of data is generated from a single plug-in hybrid vehicle in just an hour.
And although auto manufacturers have been capturing telematics information for years, something different, more sophisticated is going on now and it has everything to do with big data and analytics. Continue Reading »