Skip to Content
Big Data in Practice
book

Big Data in Practice

by Bernard Marr
May 2016
Beginner to intermediate
320 pages
5h 45m
English
Wiley
Audiobook available
Content preview from Big Data in Practice

34 EXPERIAN Using Big Data To Make Lending Decisions And To Crack Down On Identity Fraud

Background

Experian are best known for providing credit references, used by banks and financial services companies to assess risk when deciding whether to lend money.

They also provide a range of other services based around the data they have collected, such as fraud and identity theft protection. More recently, they have added specialized data-analytics-driven services aimed at helping business customers in the automobile trading, healthcare insurance and small business markets.

What Problem Is Big Data Helping To Solve?

Banks and insurance companies play a game of chance when they lend money or offer cover: they must be confident that their customer can afford to make the repayments, with interest, or that the value of their premiums will cover expenses incurred by paying out on their claims.

On top of that, cyber fraud and identity theft are both growing problems, with more and more financial transactions taking place online, and customers using online banking portals to manage their accounts. Experian’s own research has shown that, while five years ago online fraud was mostly a problem for the rich, today all sectors of society are being targeted by increasingly sophisticated hackers and scammers.1

How Is Big Data Used In Practice?

Experian hold around 30 petabytes of data on people all over the world in their credit bureau database, which is currently growing at a rate of 20% annually. ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Practical Big Data Analytics

Practical Big Data Analytics

Nataraj Dasgupta
Big Data

Big Data

Nathan Marz, James Warren
Hands-On Big Data Modeling

Hands-On Big Data Modeling

James Lee, Tao Wei, Suresh Kumar Mukhiya

Publisher Resources

ISBN: 9781119231387Purchase book