What Is the Weak Link re: Big Data in Financial Services?

On the one hand CIOs Say Information Management Programs Are Underfunded while on the other firms like Morgan Stanley Takes On Big Data With Hadoop.

The way it has typically been done for 20 year is that IT asked the business what they want, creates a data structure and writes structured query language, sources the data, conforms it to the table and writes a structured query. Then you give it to them and they often say that is not what they wanted.

– Gary Bhattacharjee, executive director of enterprise information management at Morgan Stanley

Do you see the weak link?

LIVE WEBCAST on Mapping of Data in the Horn of Africa. Oct. 11, 12:30 – 2:00 PM Washington DC time

Citizen Engagement, Aid Coordination, and Transparency: An Experience from Mapping of Data in the Horn of Africa

When: Tuesday, October 11, 2011, from 12:30 p.m. to 2:00 p.m. Washington D.C. time

Live Webcast at: http://streaming7.worldbank.org/vvflash/extlive1

Comments or questions: please use Twitter (#mapdataafrica)

Drought, conflict, and rising food prices have created one of the worst humanitarian crises in the Horn of Africa in decades. As areas of famine have grown over the past few months, data about the impact and response are sobering: food prices have increased nearly 200 percent, 750,000 people estimated to be at risk of starvation, and 2.4 billion U.S. dollars are needed to provide relief. There is a great need to understand, disaggregate and communicate this type data to increase citizen engagement and bolster a strong, coordinated international response. Sharing data about the famine’s impact and response can increase citizen engagement, improve coordination among organizations, and increase transparency of those involved in the relief effort.

This seminar, organized by World Bank, will present the recent work of Development Seed in the Horn of Africa. Development Seed is a firm which offers services to government, international development agencies, and the private sector to creatively use data for visualization and mapping in order to help those organizations to explain complex issues and improve their decision-making.

Chair: Johannes Sebastian Kiess, Operations Officer, World Bank Institute

Eric Gunderson, President, Development Seed
Dave Cole, Project Lead, Development Seed

Alexandre Marc, Lead Social Development Specialist, World Bank
Joshua Goldstein, Consultant, ICT Sector Unit, World Bank

Bioinformatics.org Upcoming courses

The following courses at Bioinformatics.Org are coming up and available for registration.  Please see the corresponding URLs for more information.

CS101A Perl for Biologists, Level 1; Jan. 24-28, 2011

    Taught in the context of biological research, this course helps biologists learn how to use the scripting language Perl to automate certain tasks. Armed with some knowledge and hands-on experience with a programming or scripting language, scientists taking a CS101 course at the Bioinformatics Organization will be able to perform basic software development tasks and phrase research questions in the context of the language.

More: http://www.bioinformatics.org/wiki/CS101A_Perl_for_Biologists,_Level_1
Join: http://www.bioinformatics.org/edu/AAGG
CS101B R for Biologists, Level 1; Jan. 31-Feb. 4, 2011

    Taught in the context of biological research, this course helps biologists learn how to use the statistical scripting language R for data analysis. Armed with some knowledge and hands-on experience with a programming or scripting language, scientists taking a CS101 course at Bioinformatics.Org will be able to perform basic software development tasks and phrase research questions in the context of the language.

More: http://www.bioinformatics.org/wiki/CS101B_R_for_Biologists,_Level_1
Join: http://www.bioinformatics.org/edu/AAGT
CS101E Python for Biologists, Level 1; Feb. 7-11, 2011

    This course teaches Biologists how to use Python as a programming language to automate routine data management tasks in biological research and solve difficult data-related computational problems. Data could be DNA or amino acid sequence, microarray data, images, mass spectrometry data, LIMS data, or any other kind of biological information.

More: http://www.bioinformatics.org/wiki/CS101E_Python_for_Biologists,_Level_1
Join: http://www.bioinformatics.org/edu/AATA

List of all upcoming online courses:


Online courses at Bioinformatics.Org offer several advantages to scientists over books and self-paced learning:

* In-depth courses with innovative, easy-to-understand materials (slides, scripts and datasets)

* Live sessions with the instructor, online via streaming multimedia

* Shorter, distributed sessions and plenty of time for assignments

* Opportunities to ask questions and seek clarification

* Recorded videos of lectures and materials, which are available indefinitely for attendees

* Discussion forums for students and instructors to share expertise and information

Discounts are available for those in non-profit organizations and those paying for themselves. Please check the description pages for details.

Thank you, and please forward this information to others who may find this useful.

Some ADRIS Predictions Revisited

<ed.note>I thought it might be an interesting exercise to revisit some predictions I made in the ADRIS Newsletter back in the day.</ed.note>

Association for
Development of
Religious Information



ISSN 0300-7022
©Copyright 2000
Edward W.
Dodds, M.A.
Editor, ADRIS Newsletter
PO Box 210735
Nashville, TN
37221-0735 USA
Web: http://www.adris.org/

Dr. David O.
ADRIS Coordinator
Professor Emeritus
Department of Social
and Cultural Sciences
Marquette University
7120 W. Dove
Milwaukee, WI 53223-2766



Most of the content of previous
newsletters has been compiled from a variety of sources. The organization
has been loose at best. There have been general themes, however. In a
nutshell, the focus has been "How can we use these emerging
technologies to make our outreach more effective?"

ADRIS began with a strong mission to
make data available. This data was being gathered by disparate
organizations – and by nature of the technology of the time – it was
gathered in "proprietary" format. Since these formats were not
yet widely distributed, data tended to be "locked" in each
organization’s database and they were tedious and burdensome to
translate to another "proprietary" format.

I became involved with ADRIS just as
the Internet was becoming accessible to mainstream society. I had a hunch
that in time (although I was not certain which specific mechanism would be
adopted) this large network would provide a way for these databases (which
were being upgraded to more “networkable” versions) to interact with
one another. Key to this hunch was that it would not be just periodic
static posting of data from one base to another, but that they would
eventually be structured to work dynamically in real-time.

I came to the conclusion that it would
be a more efficient approach for ADRIS Newsletter to assume that
organizations would learn that there were several reasons why it would be
desirous for them to make their data available in such a manner. This
differed from the previous approach which ADRIS had utilized – that of
attempting to get copies of these databases and index and/or translate
them into one large data source.

As some of you know,
I work as an intranet/internet developer with Compuware Professional
Services (from 1999 to 2009) in Nashville, TN. In my day-to-day life I am charged with
research duties as well as proof of concept development at a variety of
large, global corporations. These companies serve as excellent test
beds to indicate which technologies will be eventually adopted by the
business community. This adoption, in turn, with the exception of the open
source movement, will determine into which directions software and
hardware makers are likely to point in upcoming development cycles.

I thought I would use
this issue of the Newsletter to discuss some upcoming trends that will
impact organizations of faith and non-profits. I hope you will react with
feedback while the article is being compiled. Any suggested links to
promising technologies are especially sought and criticism or reservations
are sought as well.
The falling are some trends I'm seeing…


#1  — XML (With or Without
SOAP) and internet data exchanges will be a reality in every sector

which indicate this trend:

Background of B2B






<ed.note>This movement/philosophy is referred to now (2009) as "Open Data".</ed.note>

— Education and Religious Content to Develop Audio Book Virtual Libraries
available via Broadband Internet, Digital Radio, Satellite Radio, Wireless

which indicate this trend:

Digital Library Foundation

AM radio in the air

Direction of Wireless Applications

Learning: Is It Possible to Learn While On The Go? [Melissa Regan,
Assistant Director, Global Learning Partnership Program, Stanford Learning

Natsuno, Executive Director, Gateway Business Department, NTT DoCoMo, Stanford
University Online Courses

presents first integrated mobile multimedia device

in the Press


<ed.note>Insert standard iPod/iTunes University story here.</ed.note>

#3  –  "CLEP
TEST" Model for Distance Learning Degree Granting to be Adopted

which indicate this trend:


Distance Learning



Online Degrees

Can Earn Free CME Credits at Medscape.com

<ed.note>While the degree to which models of commercial higher ed schools, charter schools, home schools have multiplied — and with this a variety of distance and web-enabled ed models, the credentialing oligarchy is still in place. It is worth observing that undergraduate standards are being developed via an initiative under the auspices of the National Governors Association (with 47 States participating). I expect these credentialing folks to be overturned as the public becomes aware that the true bottleneck (say for nurses and doctors) is not the number of students who can enter programs (say medical school) but the number of folks/process society have deemed authoritative to determine competency on the outcomes side of the ed pipeline. The for-profit ed model will necessarily have to begin lobbying for alternative accreditation mechanisms within 5 to 10 years for their profitability to continue as their stock holders demand. Also, this just in at BusinessWeek.</ed.note>

— Direct Donation via Application Service Providers Signals the
downfall of  "UNITED WAY" Model Charities

which indicate this trend:

Deposit and Direct Payment Coalition




For Tax Year 2000 Sets New Standard For Automated Tax Preparation: Giving
to Charity Just Got Easier

<ed.note>Note the growth of P2P-based development like Grameen Bank, Kiva, etc. and tools like Relational Tithing.</ed.note>

#5  — Massive Move Toward
Nonprofit Mergers as Geographical Concerns are removed by the Web

which indicate this trend:

Report Provides Models for Nonprofit Mergers and Alliances

mergers mean better service

Mergers: The perils and the possibilities

Nonprofit mergers

to Merge Affects Small Nonprofits

— Corporations, Nonprofit and Government Departments to Disclose Budget
Expenditures and other Pertinent Information Real-Time via the Web

which indicate this trend:

for Digital Government Survey

Disclosure Rule

Disclosure Commission

of Medical Errors in U.S. Hospitals

Strongly Influencing Where Americans Choose To Go
Their Health Care

Internet Improve Voting?

— Computer-illiterate Management Publicly Identified via the Web
Should They Refuse to Improve Their Skill Sets

which indicate this trend:






Must Make It Their Business To Understand IT

Center on Corporate Responsibility



Action Network



#8  — Traditionally
"Independent" Industries Will Be Pressured By Government to
Standardize Metrics To Allow for Comparison (Flipside of Trend #1)

which indicate this trend:

Predicts Huge HIPAA Privacy Compliance Costs

#9  — Traditionally Coddled
Employee Groups Incentivized to Computerize

which indicate this trend:

Incentive Lures Patent Office Workers Into Computer Age

#10  — Telecommuting from Home
Offices over Broadband Virtual Private Networks will take off when
computer-illiterate Mainstream Media begins reporting that
computer-illiterate Management, Stock Analysts, and Venture Capitalists are
forcing companies to use real estate charging inflated fees because they
lack skills to monitor Remote Workers 

which indicate this trend:


Source Page

NFI Research Results RE: Social Networking – Business Leaders Are Not Confident

<ed.note>While legacy newspapers struggle to find a way to monetize their next incarnation (hint: it's aggregating and/or researching data which can be gained nowhere else than from their subscribing readership — imagine think tank-portal-citizen journalism-distributed computing a la SETI@home crunching results), Chuck Martin has been surveying business leaders finding unique real-time insight. My general impression – how many cutting edge leaders are ready for the global digital enterprise enabled collaborative results-only work environment? – um, not so many. An indicator in specific follows: "Business leaders are not confident that their department or organization has an effective plan or strategy to deal with social networking."</ed.note>

August 24, 2009 – Social Networking for Business
Summary (survey results below):

No matter the title or the size of the company, the majority of business leaders have a low confidence level that their department and/or organization has a plan/strategy on how to effectively use social networking for business.

Sixty-six percent or senior executives and managers said they have a low
level of confidence and 12 percent have a high level of confidence.
Twenty-three percent were neutral.
More managers than top executives have a low confidence level in their
business' dealing with a social networking strategy, with 74 percent of managers
having a low confidence level compared to 59 percent of executives. 

By company size, more of those in large businesses have a low confidence
(73%) that their organization has a plan on how to effectively use social
networking compared to those in small businesses (64%). 

More of those in small businesses (14%) have a high level of confidence in
their organization's approach vs. those in large businesses (8%). 

Of the businesspeople who use social networking, 77 percent use LinkedIn, 31
percent use Facebook, 25 percent use Blogs and 18 percent use Twitter. 

An earlier study about social networking conducted by NFI Research showed
similar results.
Thanks to all who participated in the survey.  

Detailed Results follow: 

When it comes to using social networking for business, what is your
confidence level that your department and/or organization has a
plan/strategy on how to effectively use it? 

Extremely High 02.8%
Somewhat High 09.0%
Neutral 22.8%
Somewhat Low 32.4%
Extremely Low 33.1%

Of those who use social networking, Which of the following services do you use for BUSINESS purposes? (check all
that apply) 

LinkedIn 77.3%
Facebook 30.9%
Blogs 24.5%
Twitter 18.2%
Wiki 18.2%
Plaxo 13.6%
MSN Windows Live Spaces 02.7%
MySpace 00.9%
Other 13.6%

Select responses from NFI Research members: 

- With the exception of LinkedIn, the vast majority of business
executives I encounter have little or nothing to do, from a business perspective, with
social networking sites.
– Social networking is a key strategy for our organization.

 – We currently block and have policies against using social networks
for business purposes. 

Thank you for your input!
If you have colleagues (other senior executives or managers) who you think
would benefit from participating in our surveys, you may invite them to

Just have them go to the following link to sign up for free.

Follow me on Twitter @chuckmartin1 

Best regards,
Chuck Martin
Chairman and CEO
NFI Research

The Future of Companies Report at Global Futures and Foresight

<ed.note>David Smith sent a pointer to a new GFF study:</ed.note>

We are living in a period of great economic and political volatility. There are new global players entering every field of commercial endeavour and the political power brokers across the globe are changing rapidly.

India, China, Russia, Brazil, Mexico and a great many other countries are growing dramatically, creating new consumer societies and absorbing financial capital and human capital in their activities.

In the process new business models are emerging often being facilitated by the latest technologies.

Many of the issues facing our companies are common across the world. Even, the ability of the world to survive our economic activity is at stake.

Are we innovative enough to survive let alone thrive in this rapidly changing and risky environment.

Can we make the changes necessary to build our future?

This report will highlight some of the compelling drivers of change and offer questions for you to address in your own organisation to help you thrive.

Please download a copy. We hope it will help your business create a more secure future.

Our goal is to help organizations ‘better prepare for the future’. So do feel free to call for our support.

Blogs a Radical Tool for Disability Community

<ed.note>A decade or so after the interweb becomes popular with the public it is discovered by "Big Advocacy". Let’s see how long before they "discover" other centralizing data tools like community enabling content management, wikis and standardized financial metadata, taxonomies, etc. ( vs. "recommendations and principles" ) for NGO/NPO data interoperability purposes… A boy can dream. Of course, that’s not to say that the corporate world "gets" this "meaningful data over a distributed, digital enterprise" approach, either. You oughtta ask yourself: "If it is true that 96% of firms fail within ten years, what are the 4 percent doing differently?"</ed.note>

AO2007: Innovation Summit @ Stanford [ was A02005 ]

<ed.note>Apparently I missed the 2006 archives but the videos for 2007 are available here. Also, Tony Perkins pointed out the very helpful entrepreneurship education site, http://edcorner.stanford.edu/

Also, Going Green is slated for Sept 10-12 at UC-Davis. I’ll get to see if HP, IBM, or SUN ( not the first to do this here – kudos to Amit Kulkarni ) pick up on the geothermal heat exchange equipped data center approach I suggested via chat at AO2007. Oh, will the venture capital establishment ever discover me here on the "Innovation Plantation"? what more could they want? — I’ve already got the dot commie domain name. ;-)</ed.note>

Continue reading →

Google Virtual Pharmacy Benefits Management company???

<ed.note>I’ve been browsing the buzz about the announcement at Google’s Blog ( nothing at Google’s Health Advertising Blog ) and the speculation that Google will acquire an electronic medical record vendor/technology. To me, though, it has seemed for a while that Google wouldn’t care how revolutionary the emr is as much as whether they can tie ad space to the health conditions described within the emrs so that folks will be able to voluntarily offer up deidentified phi in trade for the discounts provided by being a member of a virtual near real-time Pharmacy Benefits Management company. We’ll wait and see…</ed.note>