Data mining

THE BROAD VIEW

The folly of data mining

The problem we face today is not data scarcity but surfeit – and big data sets can easily be mined and tortured to identify patterns that are utterly useless

In the big-box retail universe, HundredX surveys showed last spring that shoppers seemed less likely to return to Target (above) in the near term than Walmart.

Investors mining new data to predict retailers’ results

Wall Street investors are tapping into the quickly evolving field of “alternative data” to help them predict retailer performance and provide an advantage over other investors.

DBS has created an internal data mart with 15,000 customer data points that stitch together a customer’s profile, including the pages he/she visits, the content he/she is interested in, the frequency of his/her visits, the amounts he/she spends on different categories, etc. The data is then converted into personalised, actionable insights - what we call “nudges” – to guide the customer in his/her transaction or investment decision.

When push comes to nudge: Finance gets personal

As digital banks gear up for launch, incumbent banks must go on the offensive by investing heavily in technology. Their goal: to help customers improve their financial decisions, by using AI to delive...

Tictag said it has plans to use the funds to accelerate its presence across Asia, having already set up operations in Singapore, South Korea and Indonesia.

Data collection startup Tictag raises US$1.3m in pre-Series A funding

TICTAG has raised US$1.3 million in its pre-Series A funding round led by venture capital firm M Venture Partners, said the Singapore-based data collection and annotation company on Wednesday (Jun 15)...

Phone tracking, nude selfies see Chinese bare all for credit

Phone tracking, nude selfies see Chinese bare all for credit

[HONG KONG] Talkative people pay back loans. The very talkative default. Too taciturn is no good either. Also, don't take out a loan at 4 am.

Restaurants turn to data-mining to serve up enhanced dining experience

Restaurants turn to data-mining to serve up enhanced dining experience

THE early diners are dawdling, so your 7.30pm reservation looks more like 8. While you wait, the last order of the duck you wanted passes by. Tonight, you'll be eating something else - without a secon...

Mining news stories catching on in economic forecasting

Mining news stories catching on in economic forecasting

[WASHINGTON] Government officials and investors are on a constant quest for more and better information about the economy to gauge what policy levers should be pulled, or just to help them make money.

MAS to push banks, insurers for more data labs

MAS to push banks, insurers for more data labs

THE Monetary Authority of Singapore (MAS) will work with several other banks and insurers on plans to establish and expand their data analytics and innovation teams in Singapore, said its managing dir...