Sramana Mitra: You made a comment that some of this data [consists of] regular large data repositories, but some of it falls in the domain of big data. Would you elaborate on that? What do you define as big data? Sandy Steier: I think defining big data is a serious challenge, because I don’t think
Sramana Mitra: More than they needed to. Sandy Steier: One of the things that now everyone knows is that they are very complicated securities. So complicated in fact, that in some cases they are too complicated to be safely traded. In those days they weren’t as bad as today; nevertheless, they required a lot of
Sramana Mitra: So it is both NYSE branding and NYSE data and you are providing the framework for analyzing and manipulating that data, but it is their data and their brand. Sandy Steier: That is correct.
Sandy Steier is the chief executive officer of 1010Data, the leading provider of cloud-based big data analytics. Sandy counts more than 25 years of experience in the industry and is known as one of the innovators behind the adoption of advanced analytics in the financial sector. In this interview Sandy gives us insights into 1010data’s
Sramana Mitra: What is your estimate of the visualization side of the equation? What tools and technologies are you using in your work from the visualization tool kits? Oliver Downs: That is a good question and also always a challenge. Making sure that the findings you have are accessible to the type of customer you
Sramana Mitra: Let me ask you a definition question: How do you define big data? Business analytics has been around for a long time. A lot of what you are doing has been around for a long time in other business analytics formats. How do you define the difference between what is happening in the
Sramana Mitra: That concludes one use case. Why don’t we do a few more? Oliver Downs: Another scenario – same data but different KTI – is an operator in a developing rather than a developed market. You can imagine there are users who really aren’t that engaged with the service but they are keen to
Sramana Mitra: And what does it take on your end – on the technology or services end – to deliver this? Oliver Downs: We take dynamic feeds of customer transaction information. This includes individual calls, SMS and data session records, balance recharges, account balance data points, and other types of customer status information. We maintain