The data week in review #14

Published in

DIA Insights

3 min readJan 14, 2020

Since ~4% of 2020 has already passed we thought you might be interested in another media digest. Last weeks news, neatly organised for your reading pleasure.

Financial data

Indians will soon gain unprecedented control over their digital financial data

by The Business Times [LINK]

India’s top banks are getting ready to roll out a system that gives consumers access to a wide swath of their financial data and allows them to share it instantly
it could unlock the credit market for millions of Indians while offering new levels of data security and consumer control
Small banks can compete in this newly-levelled playing field by giving out sachet loans to businesses which have no assets other than cash flow

Open banking ‘held back’ by lack of trust over data sharing

by City A.M. [LINK]

majority of businesses are “wary” about sharing banking data electronically and only a small proportion have made use of open banking
Just 15 per cent of small firms are currently sharing their business bank account data electronically with third parties

Blockchain

Blockchain Will Be Most In-Demand Hard Skill in 2020: LinkedIn

by Cointelegraph [LINK]

In 2019, blockchain-as-a-skill overtook major hard skills including cloud computing, analytical reasoning, artificial intelligence (AI), and user experience (UX) design
A number of high-profile global firms such as IBM, Oracle, JPMorgan, Amazon as well as LinkedIn’s parent firm Microsoft have been actively implementing the technology

Tron Surpasses EOS for Active Dapps, But Ethereum’s DeFi Still Dominates

by News BTC [LINK]

As the longest running smart contract network, Ethereum continues to hold number one spot in terms of both number of active applications and volume of transactions associated with Dapps
The report notes that the EOS Dapp ecosystem started 2019 positively. However, the cost of resources, as well as numerous attempts by hackers to compromise EOS-based casino Dapps appears to have dampened enthusiasm somewhat

Open-source

This New Open Source Software Can Help Spot Cancerous Cells

by CBR Online [LINK]

It was released to accompany a study that creates a benchmark approach to computational methods of assessing genetic diversity in a tumour
The team developed a simulation framework and scoring system to determine how accurately each algorithm predicted various measures of genetic diversity (including proportions of cancerous cells)

Is open source culture the answer to our technology woes?

by RTE [LINK]

“Contrary to how things were 30 years ago, open source software is today as user-friendly and good-looking as any other proprietary and close-source counterpart”
“Creating the fertile ground for the flourishing of such an open culture cannot be left to chance. It must be actively sought and defended by society at large”