KentuckyFC writes: Various economists argue that the efficiency of a market ought to be clearly evident in the returns it produces. They say that the more efficient it is, the more random its returns will be and a perfect market should be completely random. That would appear to give the lie to the widespread belief that humans are unable to tell the difference between financial market returns and, say, a sequence of coin tosses. However, there is good evidence that financial markets are not random (although they do not appear to be predictable either). Now a group of scientists have developed a financial Turing test to find out whether humans can distinguish real financial data from the same data randomly rearranged. Anybody can take the test and the results indicate that humans are actually rather good at this kind of pattern recognition.
jitendraharlalka writes: IBM Research today unveiled a breakthrough method based on a mathematical algorithm that reduces the computational complexity, costs, and energy usage for analyzing the quality of massive amounts of data by two orders of magnitude. This new method will greatly help enterprises extract and use the data more quickly and efficiently to develop more accurate and predictive models.
In a record-breaking experiment, IBM researchers used the fourth most powerful supercomputer in the world — a Blue Gene/P system at the Forschungszentrum Julich in Germany — to validate nine terabytes of data (nine million million or a number with 12 zeros) in less than 20 minutes, without compromising accuracy. Ordinarily, using the same system, this would take more than a day. Additionally, the process used just one percent of the energy that would typically be required.
The breakthrough will be presented today at the Society for Industrial and Applied Mathematics conference in Seattle.
"In a world with already one billion transistors per human and growing daily, data is exploding at an unprecedented pace," said Dr. Alessandro Curioni, manager of the Computational Sciences team at IBM Research – Zurich. "Analyzing these vast volumes of continuously accumulating data is a huge computational challenge in numerous applications of science, engineering and business. This breakthrough greatly extends the ability to analyze the quality of large volumes of data at rapid speeds."
workie writes: The health of the Web ecosystem depends on all it's participating websites. Yet, with the high number of website application insecurities (http://www.scmagazineus.com/web-apps-account-for-80-percent-of-internet-vulnerabilities/article/129027/) and the increase in website hacking (http://www.darkreading.com/document.asp?doc_id=148143&WT.svl=news1_2, http://www.guardian.co.uk/world/2008/nov/20/america-china-hacking-security-obama, and http://www.breach.com/resources/whitepapers/downloads/WP_TheWebHackingIncidents-2009.pdf), how could an average website owner know if their website is helping or hurting their customers and the Internet as a whole? Now a new non-profit entity (http://www.rescuetheweb.org/) has formed to find websites that have already been hacked, are leaking information, or are using highly vulnerable software. The entity then notifies the website owner and asks them to upgrade their website to more secure software or remove the leaked information.
Kittenman writes: Microsoft has won court permission to close down one of the ten biggest spam networks (Botnets) in the Stats. Known as Waledac, it's responsible for emailing over 651 million pieces of spam to hotmail accounts (and no doubt millions more to others). It's interesting (to me) that Waledac is being closed by Microsoft — not by an ISP. Either way, it's good news.
Techticles.com writes: Facebook gets awarded with the patent for News Feeds which is gigantic in the social networking, social computing, and digital collaboration.
Facebook definitely scored a home run on this patent which means they can start having their lawyers breathe down the necks of MySpace, Google, Twitter, and yes even Microsoft. Microsoft may not have a public social networking goliath but they are definitely utilizing news feeds and promoting it together with their social computing platform on SharePoint 2007, and now SharePoint 2010.