https://www.modernanalyst.com RSS feeds for Business Analyst Community & Resources | Modern Analyst 60 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2337/Centrifuge-Delivers-Scalable-Big-Data-Analytics-with-Visual-Network-Analytics-Version-27.aspx#Comments 0 https://www.modernanalyst.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=177&ModuleID=832&ArticleID=2337 https://www.modernanalyst.com:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2337&PortalID=0&TabID=177 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2337/Centrifuge-Delivers-Scalable-Big-Data-Analytics-with-Visual-Network-Analytics-Version-27.aspx Centrifuge, leading provider of Big Data analytics and visualization solutions for fraud, security and risk, announced the availability of the latest release of its disruptive Big Data analytics platform, Visual Network Analytics Version 2.7. The newest version of Centrifuge addresses the need to derive context intelligence and pattern discovery in big data by delivering powerful technology that addresses the growing need to quickly filter, sift and understand large amounts of data; improving discovery time and minimizing cost. Unlike traditional analytics providers, Centrifuge is the first big data analytics solution that enables users to “bring their own data” without requiring costly data transformation and minimizes the need for data scientists.  “Corporate Information security is a big data analytics challenge that cannot be addressed with traditional data mining, BI, or legacy analytics approaches,” explains Renee Lorton, Centrifuge CEO. “The sheer volume and complexity requires a powerful investigative discovery approach that is easy enough for a non-data scientist to use.  Machine data, for example, is one of the fastest growing segments of big data, generated by websites, applications, servers, networks, mobile devices and other sources.  Now, discovering patterns in Big Data is both easy and cost effective with Centrifuge’s powerful interactive data visualization.” Centrifuge Visual Network Analytics Version 2.7 provides new ease-of-use features that enable customers to overcome the overwhelming influx of big data, conduct visual discovery and  investigative analysis to detect risk and security threats more efficiently. Relationship mapping helps uncover patterns, connections and relationships between people, information, events and behavior to form a more comprehensive visual profile. New features and benefits include: ·        Manage larger data sets and fine-tune the analysis to focus on what is important through Incremental Build and Link Metrics features.  Now users can easily select, manage and explore the items that appear within a relationship graph. The ability to begin with a simple, uncluttered view and incrementally add or subtract connections improves discovery time. In addition, link metrics about the number and types of associations accelerate trend and pattern discovery. ·        Save significant time by visually highlighting the shortest and all possible connections between networks through Relationship Path Discovery (Find Path).  Customers can now easily discover previously undetectable, hidden and indirect relationships within the data, quickly exposing key connections in complex relationship networks. In compliance and risk usage, this feature can help identify potentially suspicious linkages between traders, companies and employees. ·        Discover new insights faster through Centrifuge Extensible Data Framework.  With broader data access, users now have a complete picture and can find answers previously missed with faster resolution. Centrifuge extensible data framework provides broader access to any data set, including structured, unstructured, machine, streaming and Cloud data. Organizations can now develop their own plug-in to connect any type of data source to the Centrifuge data framework, including big data types such as Splunk, Cloudera and Hadoop. In addition to accessing a broader range of data, the Centrifuge data framework gives organizations more flexible administrative control while reducing costs and realizing rapid time to value. ·        “Bring Your Own Data” without time-consuming file conversions.  With native support for Microsoft Excel 2007 and 2010 and Microsoft Access 2007 and 2010, users can bring their own data into ad-hoc analyses, leaving the data secure in its original environment and format. Today, Centrifuge Visual Network Analytics has been deployed to thousands of customers across the US Intelligence agencies, analyzing big data sources for cyber security and counter-terrorism. With these new features, Centrifuge is accelerating its presence in addressing security and risk applications, such as insider threat analysis, security surveillance and compliance mitigation. Version 2.7 is available immediately. For more information or an online evaluation, refer to www.centrifugesystems.com. About Centrifuge Centrifuge is a leading provider of Visual Network Analysis solutions that help organizations discover insights, patterns and relationships hidden in public, cloud and enterprise data and social networks. Centrifuge’s unique approach enables users to bring their own data from any source, easily integrate and filter it into interactive visualizations and share and collaborate with others. Easy to use and easy to deploy, Centrifuge Visual Network Analytics reduces time to discovery up to 70% in fraud, risk and security applications. Selected for the 2012 FinTech Innovation Lab Program, and Winner of the 2012 Always On Global 250 Private Company Top Ones to Watch, Centrifuge powers some of the most demanding data analytics and data visualization applications in the world. With Centrifuge, you can See Clearly NowTM.   spkuchay Fri, 17 Aug 2012 16:46:00 GMT f1397696-738c-4295-afcd-943feb885714:2337 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2315/Centrifuge-Accelerates-Momentum-through-FinTech-Innovation-Lab-Award.aspx#Comments 0 https://www.modernanalyst.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=177&ModuleID=832&ArticleID=2315 https://www.modernanalyst.com:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2315&PortalID=0&TabID=177 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2315/Centrifuge-Accelerates-Momentum-through-FinTech-Innovation-Lab-Award.aspx Innovative Big Data Analytics Approach Improves Discovery of Security and Risk Threats McLean, VA, July 30, 2012— Centrifuge (www.CentrifugeSystems.com), a leading provider of Visual Network Analysis solutions, announced that it was chosen from a large field of early and growth-stage companies that applied to participate in the exclusive FinTech Innovation Lab program. Co-founded and run by the New York City Investment Fund and Accenture, the FinTech Innovation Lab is an annual NYC 12-week program for next-generation entrepreneurs and early-stage companies that are developing cutting-edge technology, targeting the financial services industry. As one of six companies selected, Centrifuge demonstrated its Visual Network Analysis solution to dozens of financial services, venture capital and technology executives, including chief technology officers and senior technology executives from 12 global financial institutions. “With the explosion of social networking and Big Data, the demand for scalable analytical and collaborative discovery tools is increasing,” comments Cristobal Conde, Executive-in-Residence at FinTech Innovation Lab, and the former CEO of SunGard. “The financial services industry has so much to gain from approaching Big Data with a new approach to investigative discovery. Centrifuge provides a disruptive, scalable paradigm for Big Analytics that I believe will truly revolutionize information discovery. Centrifuge Visual Network Analytics has the potential to play a key role in helping banks to reduce fraud and risk, mitigate security threats and identify growth opportunities. I am impressed with the Centrifuge team and excited about the company’s future potential as an industry game-changer.” Centrifuge is now actively engaged with six of the top financial institutions that have identified a growing number of use case applications for Centrifuge Big Data Analytics solutions in critical areas such as regulatory compliance and risk and security surveillance. As a result of its participation in the FinTech program, Centrifuge has released version 2.7 of its Big Data Analytics platform that uniquely addresses the growing challenge of operational risk and security in a much more disruptive, cost-effective way than traditional technologies. “Centrifuge’s patent-pending technology addresses a key Big Data analytics challenge faced by financial services organizations today,” reported Renee Lorton, CEO of Centrifuge. “As a result of the FinTech program, we have received customer validation of our new visual paradigm for uncovering patterns and relationships. There is an incredible demand for pattern-based, easy to use interactive visualization and link analysis tools that can improve the discovery of risk and security threats. The era of data-driven security intelligence is here.” The financial services industry is increasingly challenged by managing and deriving value from the petabytes of raw, unstructured data that proliferates on social and mobile networks, as well as the machine data generated from vast IT infrastructures. In addition, the SEC has announced new regulations that significantly raise requirements for banks to collect and integrate data in near real-time to deter undue financial risk. In working side-by-side with the financial institutions, Centrifuge identified key trends in financial services approach to Big Data analytics and how traditional BI falls short: Financial services enterprises are evolving their analytical processes from rule-based to pattern based, so traditional BI or analytics methods do not meet today’s Big Data challenges. Machine data is becoming increasingly prevalent and relevant in many use-cases, so new ways of viewing and understanding relationships between data has become critical. A flexible, collaborative, investigative approach is required for Big Data analysis. Financial services enterprises require agility across large heterogeneous data sources, requiring a data-agnostic platform as opposed to a costly, traditional proprietary data warehouse approach. Centrifuge’s pattern-driven visual discovery provides immediate relevance to operational risk as well as security and surveillance within financial services. With Centrifuge, customers can quickly gain insight into relationships between employees that might signal conflicts of interest or insider trading opportunities.  From an IT Security perspective, security professionals can “think like a criminal” to quickly highlight and report threats and risk scenarios that could mitigate the loss of sensitive business and competitive information.  For example, many sophisticated computer breeches mask their entry into a system through a series of seemingly harmless network connections, which taken together over time can indicate a substantial pattern of information loss.  Centrifuge enables users to quickly filter through the data to visually identify patterns and relationships that can improve the detection of these threats. “We were excited to select Centrifuge as one of the members of our FinTech program this year,” said Maria Gotsch, President and CEO of the New York City Investment Fund. “The program, now in its second year, successfully helps tech startups expand into new markets while giving them critical information and feedback that will let their businesses grow and thrive.” About Centrifuge Centrifuge is a leading provider of Visual Network Analysis solutions that help organizations discover insights, patterns and relationships hidden in public, cloud and enterprise data and social networks. Centrifuge’s unique approach enables users to bring their own data from any source, easily integrate and filter it into interactive visualizations and share and collaborate with others. Easy-to-use and easy-to-deploy, Centrifuge Visual Network Analytics reduces time to discovery up to 70% in regulatory compliance, risk and security applications. Today, Centrifuge Visual Network Analytics powers some of the most demanding data analytics and data visualization applications in the world, including cyber security, counter-terrorism, homeland defense, anti-counterfeiting and financial fraud. With Centrifuge, you can See Clearly NowTM. About the FinTech Sponsors The New York City Investment Fund (www.nycif.org) is the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Founding Chairman. The Investment Fund has raised over $110 million to mobilize the city’s world financial and business leaders to help build a stronger and more diversified local economy. It has built a network of top experts from the investment and corporate communities who help identify and support New York City’s most promising entrepreneurs in both the for-profit and not-for-profit sectors. The Fund is governed by a Board of Directors co-chaired by Russell L. Carson, General Partner of Welsh, Carson, Anderson & Stowe; and Richard M. Cashin, Managing Partner of One Equity Partners. The Investment Fund is an affiliate of the Partnership for New York City (www.pfnyc.org), an organization of the leaders of New York City’s top corporate, investment and entrepreneurial firms. They work in partnership with city and state government officials, labor groups and the nonprofit sector to promote the interest of the city and its neighborhoods. The Partnership carries out research, policy formulation and issue advocacy at the city, state and federal levels, leveraging the resources and expertise of its CEO and Corporate partners. Partnership companies account for nearly 7 million American jobs and contribute over $740 billion to the national GDP. Accenture is a global management consulting, technology services and outsourcing company, with approximately 204,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Through its Skills to Succeed corporate citizenship focus, Accenture is committed to equipping 250,000 people around the world by 2015 with the skills to get a job or build a business. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com. ### spkuchay Mon, 30 Jul 2012 22:07:00 GMT f1397696-738c-4295-afcd-943feb885714:2315 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2280/Centrifuge-Showcases-Big-Data-Analytics-and-Visualization-Solutions-for-Fraud-and-Risk.aspx#Comments 0 https://www.modernanalyst.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=177&ModuleID=832&ArticleID=2280 https://www.modernanalyst.com:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2280&PortalID=0&TabID=177 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2280/Centrifuge-Showcases-Big-Data-Analytics-and-Visualization-Solutions-for-Fraud-and-Risk.aspx Founder and CTO to speak at ACFE Fraud Conference June 19, 2012   McLean, VA, June 12, 2012— Centrifuge (www.CentrifugeSystems.com), a leading provider of Visual Network Analysis solutions, will showcase big data analytics and visualization solutions for fraud and risk at the 23rd Annual ACFE Fraud Conference & Exhibition to be held in Orlando, FL at the Gaylord Palms Resort and Convention Center on June 17-22, 2012.   According to the Association of Certified Fraud Examiners 2011 Outlook Report, organizations lose an estimated 5% of annual revenues to undiscovered fraudulent activity, amounting to more than $2.9 trillion annually. Organizations are not equipped to manage the risks of unlimited growth in social networks and internet transactions with existing predictive or analytical tools. Only visual trend, pattern detection and link analysis has the potential to connect the dots and uncover the mysteries in big data.   Analyzing big data to find fraud faster requires a new approach that includes link analysis based on data ingested from multiple data sources, social network analysis, interactive visualization and collaborative discovery.   Centrifuge Visual Network Analytics provides the ability to uncover patterns, test hunches and enable interaction with the data to solve complex mysteries without costly integration services and data scientists. With Centrifuge, organizations can take control of the exponential growth of big data and discover hidden relationships and connections.   Speaking at the conference, Casey Henderson, Founder and Chief Technology Officer at Centrifuge, will address how link, temporal and spatial analysis are an essential part of a fraud-detection strategy. Henderson will highlight ways in which link intelligence can be leveraged to connect people, behavior and actions in a visual relationship map that can pinpoint fraud. The session, entitled: “Finding Fraud Faster with Advanced Link Intelligence and Data Visualization,” is scheduled for Tuesday, June 19 at 3:30 PM.  In support of the session, ACFE will distribute a Centrifuge white paper case study entitled “BIG DATA IS HERE TO STAY: See Clearly Now™ With Visual Network Analytics™”. The paper is available now at http://www.centrifugesystems.com/resources/big-data-whitepaper.php.   A highly respected authority on data-visualization intelligence and information analysis, Henderson’s career has included extensive experience in the Intelligence Community. He has played a key role in the design and development of several large-scale systems critical to federal law enforcement, national security and the judiciary. Today, Centrifuge Visual Network Analytics is a critical solution for the US Intelligence Community, integrating millions of rows of social, enterprise and public data to profile secret connections between people, actions and events to identify criminal networks.   Centrifuge will be exhibiting at booth number 207 on the ACFE show exhibit floor. Throughout the conference, Centrifuge will feature interactive videos explaining visualization and demonstrating its use for discovering financial fraud and insurance claims fraud. For example, data visualization can eliminate “false positives,” saving investigators time and money by focusing on the right clues and indicators. Many common insurance fraud behaviors, such as doctor shopping, counterfeit drugs and multiple prescription fulfillments, can be detected easily with big data analytics and visualization.   Centrifuge will also be distributing complimentary copies of the newly published “Big Data Analytics for Dummies,” at the conference. Available for the first time in print, this book serves to educate non-technical users and analysts on how to extract value from big data through interactive visualization and link analysis, and illustrate common uses in fraud, cyber security, counterfeiting and homeland defense. The book addresses the attributes of top-tier big data analytics solutions, descriptions and samples of common data visualizations; the power of link, temporal and geospatial analyses; usage scenarios for both private and public sectors; and buying criteria for big data analytics solutions.   About Centrifuge Centrifuge is a leading provider of Visual Network Analysis solutions that help organizations discover insights, patterns and relationships hidden in public, cloud and enterprise data and social networks. Centrifuge’s unique approach enables users to bring their own data from any source, easily integrate and filter it into interactive visualizations and share and collaborate with others. Easy to use and easy to deploy, Centrifuge Visual Network Analytics reduces time to discovery up to 70% in fraud, risk and security applications. Today, Centrifuge Visual Network Analytics powers some of the most demanding data analytics and data visualization applications in the world, including cyber security, counter-terrorism, homeland defense, anti-counterfeiting and financial fraud.  With Centrifuge, you can See Clearly NowTM.   ###   Contact Suzanne Porter-Kuchay Centrifuge Systems, Inc. 703-406-2575 spk@centrifugesystems.com spkuchay Tue, 12 Jun 2012 06:10:00 GMT f1397696-738c-4295-afcd-943feb885714:2280 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2254/Centrifuge-Welcomes-Panos-Anastassiadis-as-Business-Advisor.aspx#Comments 0 https://www.modernanalyst.com/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=177&ModuleID=832&ArticleID=2254 https://www.modernanalyst.com:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2254&PortalID=0&TabID=177 https://www.modernanalyst.com/Resources/News/tabid/177/ID/2254/Centrifuge-Welcomes-Panos-Anastassiadis-as-Business-Advisor.aspx Cyber Intelligence and Risk Expert Brings Valuable Cyber and Social Network Intelligence Insight, Expertise and Guidance to Advisory Board spkuchay Tue, 15 May 2012 09:00:00 GMT f1397696-738c-4295-afcd-943feb885714:2254