Yes, I Can Live With Small Data!

A couple of days back, I read an interesting article “Big Data Doesn’t Exist” from TechCrunch.

In this article, Slater Victoroff argued that most of the companies do not have any real “big data.” And even if they do, it’s not of much use to them either because of lack of quality of the data they have or inadequate processing capacities to make sense out of it.

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No Kidding! Why No DCC?

Recently, I renewed my membership with a professional body using my credit card. My credit card statement was shocking. The bank charged me around 7.4% over-and-above the forex rates for that same day. Knowing Visa charges 1% interchange service assessment fee for cross-border transactions; my bank had made around 6.4% of this payment. It’s their business to charge for the services they’re offering, but this was too much – anything above 3% is big! There was nothing, I could do – chargeback was not an option.

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