Last month, Andrew Bailey, chief executive of the Prudential Regulation Authority (PRA), claimed that Britain’s banks will have to spend billions overhauling their creaking IT systems over the next few years, as complex networks bolted together after mergers are under strain. While it’s clear that a number of banks are lumbered with outdated IT, there are technologies available to revitalise legacy systems.
Immediacy is becoming an expectation in the world of digital business, especially as user interaction data becomes just as important as transactional data. One customer even tells me that user data more than 15 minutes old borders on irrelevant.
How do new predictive analytics tools help businesses?
Traditional predictive analytics, represented by statistical tools and rules-based systems -- previously known as expert systems -- is stuck in the 1990s. Standard predictive analytics tools, such as SAS (analytics software) and the R programming language, are decades old. The new way is machine learning on "big data," and it is a disruptive change.
The Internet of Things is forecast to achieve a $20 billion total available market by 2018. But is that market size real? What are the tools that we can use to understand this and take effective action?
New predictive analytics (PA) tools, like Apigee Insights, are adding application program interface (API) and artificial intelligence(AI) to business intelligence (BI) technologies to enable proactive customer support and in-house development of analytics apps.
Now that most airlines allow you to use your mobile devices during flights and many offer Wi-Fi on their planes, it’s no surprise that we are also seeing more applications that enable that in-flight use. Most major U.S. airlines use Gogo to power their on-board connectivity, and the company obviously wants to encourage people to sign up for its service.
Digital technology firm Apigee has partnered with Gogo, which provides on-plane wi-fi, to create a platform for developing new apps and in-flight experiences for passengers and crew.
Gogo (NASDAQ: GOGO) shares traded more than one percent higher after the company announced a partnership with Apigee.
As the API economy continues to evolve, one of the foundations is that there is enough network bandwidth between two different applications such that latency and state are never in issue. In practice, given the state of most wide area networks, there is not always as robust a connection in place as most developers would prefer. Looking to solve that issue, Equinix, a provider of data center hosting and interconnection services, has partnered with Apigee to make sure there is always a robust stateful API service available with the new Equinix Cloud Exchange.