A Quantitative-Cognitive Architecture

Besides the recent trend of Blockchain, another major current theme is cognitive systems. The intersection of these two areas requires understanding the nature and structure of data that support both. Blockchain, as distributed ledgers, will end up at some point in structured data. This is because to create positions, we have to get data into common data languages in order to create balances. So the … Continue reading A Quantitative-Cognitive Architecture

Balances are the Inventory of Finance

Two decades ago, manufacturers learned that by moving to just-in-time inventory, they could significantly reduce cost by eliminating inventory. Inventory requires forecasting demand, with all the potential errors associated with obsolescence or missed opportunities, as well as the costs of warehousing to raw materials or goods produced. A similar cost savings is possible in our financial processes. In financial processes and financial services, balances are … Continue reading Balances are the Inventory of Finance

Apache Spark Transaction Generation and Balance Posting

This week’s episode of Conversations with Kip concludes our discussion of Apache Spark and a Data Supply Chain. In the first, we discussed data input choices; the second discussed the consolidation of data after a potential shuffle of the data needed. This week we discussed the steps of a Consolidated Data Supply Chain, wherein business events often lead to creation of other transactions which must … Continue reading Apache Spark Transaction Generation and Balance Posting