University Partners up with Leidos to Investigate How to Cut Costs in Healthcare with Big Data Usage
October 22, 2015
The article on News360 titled Gulu Gambhir: Leidos Virginia Tech to Research Big Data Usage for Healthcare Field explains the partnership based on researching the possible reduction in healthcare costs through big data. Obviously, healthcare costs in this country have gotten out of control, and perhaps that is more clear to students who grew up watching the cost of single pain pill grow larger and larger without regulation. The article doesn’t go into detail on how the application of big data from electronic health records might ease costs, but Leidos CTO Gulu Gambhir sounds optimistic.
“The company said Thursday the team will utilize technical data from healthcare providers to develop methods that address the sector’s challenges in terms of cost and the quality of care. Gulu Gambhir, chief technology officer and a senior vice president at Leidos, said the company entered the partnership to gain knowledge for its commercial and federal healthcare business.”
The partnership also affords excellent opportunities for Virginia Tech students to gain real-world, hands-on knowledge of data research, hopefully while innovating the healthcare industry. Leidos has supplied funding to the university’s Center for Business Intelligence and Analytics as well as a fellowship program for grad students studying advanced information systems related to healthcare research.
Chelsea Kerwin, October 22, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Lexmark, a Printer Supply Company, Receives Hold Rating from Analysts
October 20, 2015
The article on Dakota Financial News titled Lexmark International Given Average Recommendation of “Hold” by Brokerages (NYSE: LXK) piles on the bad news for Lexmark, a company best known for its printer supply services. It is a tough time to be in the printing business, and Lexmark has received numerous analyst ratings of “Hold” and “Sell.” The article details the trend,
“Lexmark International (NYSE:LXK) traded down 0.59% during trading on Wednesday, hitting $28.59. The company had a trading volume of 259,296 shares. Lexmark International has a one year low of $27.22 and a one year high of $47.69. The stock has a 50-day moving average of $30.27 and a 200 day moving average of $39.70. The company’s market capitalization is $1.76 billion…The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. “
Certainly not a vote of confidence in Lexmark, which owns both Brainware and ISYS Search Software. The article goes into some detail about the companies other work beyond printer supplies including enterprise content and process management software and healthcare archive with integration abilities for unstructured patient information. Perhaps these extras are saving the company from falling entirely into the “sell” category and maintaining at “Hold.”
Chelsea Kerwin, October 20, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Coveo Touts Secure, Intelligent Cloud Search
October 19, 2015
Security is a perpetual concern, especially for those who work in the cloud. Enterprise search firm Coveo want us to know they take security very seriously. Their press release, “Coveo Completes Security Evaluation for cloud-Based Intelligent Search Offerings,” is posted at MarketWatch. The question is, “What does secure mean?” The definition may depend on one’s knowledge of the exploit world.
The write-up states:
“Marking its commitment to be the most secure intelligent search provider in the marketplace, Coveo announced that it has completed a comprehensive evaluation of data security and compliance procedures and processes. Coveo engaged with Brightline CPAs & Associates, which conducted a series of tests to evaluate the effectiveness of operations and controls that address data integrity and security. With data security threats on the rise across various industries and around the world, Coveo recognizes how important it is to provide clients of its cloud, intelligent search offerings with the highest security standards. Over the years, Coveo has implemented a set of industry-standard operations, infrastructure and services to ensure the integrity and privacy of customer data, including:
— SOC II and SOC I examinations
— Strong logical and physical access controls
— Systematic application and source code scanning
— Comprehensive background checks on all employees
— 24/7/365 live, dedicated operations and security teams
— Formal, ongoing 3rd party compliance and security reviews”
We are reminded that Coveo was recently named “most innovative leader” for the second year running in the Gartner Enterprise Search Magic Quadrant, with that report lauding the company’s “unusually rich security functions.” Founded in 2005, Coveo maintains offices in the U.S. (SanMateo, CA), the Netherlands, and Quebec.
Cynthia Murrell, October 19, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
CFO Ruth Porat Leads Transparency Directive at Alphabet Google
October 12, 2015
The article titled Google Opens Up to Wall Street on The Wall Street Journal describes the transparency efforts ramping up at Google under the direction of new CFO Ruth Porat. It seems that as risks go up for the “Alphabet” Google thing, the company wants to be more transparent to the Wall Street crowd.
“The new approach has contributed to recent gains in Google shares, Mr. Mahaney said. Google shares are up about 15% in the past three months, while the tech-heavy Nasdaq Composite Index has dropped about 8%. Google still doesn’t offer revenue or earnings forecasts, as many companies do. But Ms. Porat is trying to provide insight to help investors better understand how Google runs its business and help analysts more easily build financial models. A Google spokesman declined to comment.”
The most impactful initiative the article discusses is “Office Hours,” or analyst and investor briefings wherein Google speaks to public information that will effect expenses, such as the seasonal hiring of recent college graduates. Investor and analyst briefings of this sort are common at most companies, although they skirt securities regulations. As long as Google only discusses already publicly disclosed information in the sessions they are safe.
Chelsea Kerwin, October 12, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
National Geographic Sells Out
September 30, 2015
The National Geographic Society is one of the most respected institutes in regards to science and journalism related to nature. For 127 years, National Geographic managed itself as a non-profit organization. Buzzfeed reports that 21st Century Fox purchased National Geographic in the article, “Rupert Murdoch Is Buying National Geographic.” Before you start getting upset that National Geographic has “sold out” in the same manner that Sesame Street has a new partnership with HBO, be aware that 21st Century Fox already owned and operated a joint-venture partnership with the company.
The bulk of National Geographic’s properties are being turned over to 21st Century Fox, who will manage them and allow the National Geographic Society to focus on:
“The National Geographic Society said the deal will let the foundation invest more money in sponsoring explorers and scientists. ‘The value generated by this transaction, including the consistent and attractive revenue stream that National Geographic Partners will deliver, ensures that we will have greater resources for this work, which includes our grant making programs,’ said CEO Gary Knell, in a statement.”
While National Geographic is still popular, it faces stiff competition from other news outlets that generate similar if not more content. National Geographic wants to have better, modern storytelling “so that we may all know more of the world upon which we live.”
Hopefully this will free up more monies for scientific research, endeavors to protect endangered species, educational programs, and better ways to educate people on the natural world.
Whitney Grace, September 30, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Watch Anti-Money Laundering Compliances Sink
September 25, 2015
With a title like “AML-A Challenge Of Titanic Proportions” posted on Attivio metaphoric comparisons between the “ship of dreams” and icebergs is inevitable. Anti-money laundering compliances have seen an unprecedented growth between 2011-2014 of 53%, says KPMG’s Global Anti-Money Laundering (AML) Survey. The costs are predicted to increase by more than 25% in the next three years. The biggest areas that are requiring more money, include transaction monitoring systems, Know Your Customer systems, and recruitment/retention systems for AML staff.
The Titanic metaphor plays in as the White Star Line director Bruce Ismay, builder Thomas Andrew, and nearly all of the 3327 passengers believed the ship was unsinkable and the pinnacle of modern technology. The belief that humanity’s efforts would conquer Mother Nature was its downfall. The White Star Line did not prepare the Titanic for disaster, but AML companies are trying to prevent their ships are sinking. Except they cannot account for all the ways thieves can work around their system, just as the Titanic could not avoid the iceberg.
“Systems need to be smarter – even capable of learning patterns of transaction and ownership. Staff needs more productive ways of investigating and positively concluding their caseload. Alerting methods need to generate fewer ‘false positives’ – reducing the need for costly human investigation. New sources of information that can provide evidence need to come online faster and quickly correlate with existing data sources.”
The Titanic crew accidentally left the binoculars for the crow’s nest in England, which did not help the lookouts. The current AML solutions are like the forgotten binoculars and pervasive action needs to be taken to avoid the AML iceberg.
Whitney Grace, September 25, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Harsh Criticism of Yahoo
September 24, 2015
Kill dear old Yahoo? IBTimes reports on some harsh words from an ivory-tower type in, “NYU Professor: Yahoo Ought to Be ‘Euthanised’ and Marissa Mayer’s Pregnancy Saved her Job.” It seems marketing professor Scott Galloway recently criticized the company, and its famous CEO, in a televised Bloomberg interview. In his opinion, any website with Yahoo’s traffic should be rolling in dough, and the company’s struggles are the result of mismanagement. As for his claim that the “most overpaid CEO in history” only retains her position due to her pregnancy? Reporter Mary-Ann Russon writes:
“Galloway says that Yahoo would not be willing to face the public backlash that would come from firing a woman in such a position of power who has just announced she is pregnant.
“This is not a stretch since there are still far fewer women in leadership positions than men – as of March 2015, only 24 of the CEOs in Fortune 500 companies are women – and the issue with how companies perceive family planning remains a sore point for many career-minded women (Read: Gamechangers: Why multimillionaire ‘mom’ Marissa Mayer is damned if she does and damned if she doesn’t).
“However, Galloway also pointed the finger of blame for Yahoo’s woes at its board, which he said has been a ‘lesson in poor corporate governance,’ since there have been five CEOs in the last seven years.”
Though Yahoo was a great success around the turn of the millennium, it has fallen behind as users migrate their internet usage to mobile devices (with that format’s smaller, cheaper ads). Though many still use its free apps, nowadays most of Yahoo’s revenue comes from its Alibaba investment.
So what does Galloway recommend? “It should be sold to Microsoft,” he declared. “We should put a bullet in this story called ‘Yahoo’.” Ouch. Can Yahoo reverse their fortunes, or is it too late for the veteran Internet company?
Cynthia Murrell, September 24, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
dtSearch Chases Those Pesky PDFs
September 7, 2015
While predictive analytics and other litigation software are more important than ever for legal professionals to sift through the mounds of documents and discover patterns, several companies have come to the rescue, especially dtSearch. Inside Counsel explains how a “New dtSearch Release Offers More Support To Lawyers.”
The latest dtSearch release is not only able to search through terabytes of information in online and offline environments, but its documents filters have broadened to search encrypted PDFs, including those with a password. While PDFs are a universally accepted document format, they are a pain to deal with if they ever have to be edited or are password protected.
Also included in the dtSearch are other beneficial features:
“Additionally, dtSearch products can parse, index, search, display with highlighted hits, and extract content from full-text and metadata in several data types, including: Web-ready content; other databases; MS Office formats; other “Office” formats, PDF, compression formats; emails and attachments; Recursively embedded objects; Terabyte Indexer; and Concurrent, Multithreaded Searching.”
The new PDF search feature with the ability to delve into encrypted PDF files is a huge leap ahead of its rivals, being able to explore PDFs without Adobe Acrobat or another PDF editor will make pursuing through litigation much simpler.
Whitney Grace, September 7, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Bar Exam Brouhaha
September 7, 2015
We cannot resist sharing this article with you, though it is only tangentially related to search; perhaps it has implications for the field of eDiscovery. Bloomberg Business asks and answers: “Are Lawyers Getting Dumber? Yes, Says the Woman who Runs the Bar Exam.”
Apparently, scores from the 2014 bar exam dropped significantly across the country compared to those of the previous year. Officials at the National Conference of Bar Examiners (NCBE), which administers the test, insist they carefully checked their procedures and found no problems on their end. They insist the fault lies squarely with that year’s crop of law school graduates, not with testing methods. Erica Moeser, head of the NCBE, penned a letter to law school officials informing them of the poor results, and advising they take steps to improve their students’ outcomes. To put it mildly, this did not go well with college administrators, who point out Moeser herself never passed the bar because she practices in Wisconsin, the only state in which the exam is not required to practice law.
So, who is right? Writer Natalie Kitroeff points out this salient information:
“Whether or not the profession is in crisis—a perennial lament—there’s no question that American legal education is in the midst of an unprecedented slump. In 2015 fewer people applied to law school than at any point in the last 30 years. Law schools are seeing enrollments plummet and have tried to keep their campuses alive by admitting students with worse credentials. That may force some law firms and consumers to rely on lawyers of a lower caliber, industry watchers say, but the fight will ultimately be most painful for the middling students, who are promised a shot at a legal career but in reality face long odds of becoming lawyers.”
The 2015 bar exam results could provide some clarification, but those won’t start coming out until sometime in September. See the article for much more information on Moeser, the NCBE, the bar exam itself, and the state of legal education today. Makers of eDiscovery software may want to beef up their idiot-proofing measures as much as possible, just to be safe.
Cynthia Murrell, September 7, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Bank Exports IT to India
September 1, 2015
Computer World’s article, “As It Sets IT Layoffs, Citizens Bank Shifts Work To India Via Web” sounds like it should have been published five years ago. It was not that long ago when Americans were in an uproar about jobs being outsourced to China and India, but many of those jobs have returned to the US or replaced with an alternative. Despite falling out of interest with the mainstream media, jobs are still being outsourced to Asia. Citizens Bank is having their current IT employees train their replacements in a “knowledge transfer” and they will be terminated come December.
Citizens Bank signed a five-year services contract with IBM for IT services. IBM owns a large scale IT services company in India, which pays its workers a fraction of the current Citizens Bank IT workers.
As one can imagine, the Citizens Bank employees are in an uproar:
“The number of layoffs is in dispute. Employees said as many as 150 Citizen Bank IT workers were being laid off. But this number doesn’t include contractors. IBM will be consolidating the bank’s IT infrastructure services, and, as part of that, the bank is consolidating from four vendors to one vendor, IBM. This change will result in the elimination of some contractor jobs, and when contractors are added, the total layoff estimate by employees ranges from 250 to 350.”
It is reported that some IT workers are being offered comparable positions with IBM, while others are first in line for jobs in other branches of Citizens Bank. However, the IBM jobs appear to be short term and the other bank jobs do not appear to be turning up.
Other companies are shifting their IT work overseas much to the displeasure of IT workers, who thought they would be assured job security for the rest of their lives. IT workers place the blame on companies wanting to increase profits and not caring about their employees. What is going on with Citizens Bank and other companies is not new. It has been going on for decades, but that does not make the harm to Americans any less.
Whitney Grace, September 1, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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