Deep Into Big Data
This article by Divina Paredes discusses the role of Data Scientists and how new data handling technology is enabling different industries to improve the way they do business.
"...HSBC is now using SAS fraud management to protect all credit card
transactions in real time. The solution runs at the point of transaction
to decide whether that transaction is potentially fraudulent and runs
analytical processes quickly. The shift is from fraud detection to fraud
prevention, says Foster. The result is significantly lower incident of fraud across tens of
millions of debit and credit card accounts, and improved detection rates
and significant reduction in false positives..."
Read more on CIO here.