You know all these press releases are all looking the same today with the pre-
fabricated marketing built in. I wonder sometimes if the writers of some of these think about the consumer and their care as the last thing that holds any interest here is “cutting edge data mining” and “exciting developments” as an example. What does that do for you as a consumer, does it mean anything? We are in a world now where the reading material of today is not separated like it used to be and both investors and consumers are reading the same stuff. If you read my blog often enough I try to bring awareness around about privacy factors and data mining so again the wording on some of these releases leaves a bit to be desired. On a related topic was it “cutting edge technology’ that enabled Coke to cut off healthcare benefits to striking employees by using business intelligence to find the verbiage to give that a legal leg to stand on?
It just continues to show that the ethics and human side (i.e. patient) still gets left out in the cold but the big conglomerates want you to some how know that they care, do we believe this when we see “cutting edge data mining”? I’m rambling here a bit about “common sense” what gets put out there today as if an employee of one of those firms read this jargon, does it mean anything? The average consumer thinks more along the lines of what data do they have on me when it comes time to claims and insurance care. We certainly need auditing services today but on the same hand some of the same organizations that provide this service also make money from transactions so how many transactions that could be designated as potential fraud will actually be brought to light. I wrote an opinion piece a few days ago pondering what is reality with analysis and what is addiction, trying to explain some roots with some help from reader comments.
Data Addiction and Abuse –The Up and Coming Next 12 Step Program Is On the Horizon–Side Effects Include Lack Of Data Quality, Integrity And Spasmodic Algorithms
Reuters itself is a pretty large conglomerate with everything from reporting news to 
analytics too. The auditing and billing is by far one of the biggest areas to realize savings today, simply because we have built such a complicated system. BD
From the website:
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