Big Data, Old News. Got Humans?

Did you know that big data is old news in the area of financial derivatives?   O’Connor & Associates  was founded in 1977 by mathematician Michael Greenbaum, who had run risk management for Ed & Bill O’Connor’s options trading firm. What made O’Connor and Associates successful was the understanding that expertise is far more important than any tool or algorithm. After all, absent expertise, any tool can only generate gibberish; perfectly processed and completely logical, of course, but still gibberish.

Which brings us back to the critical role played by the driver of today’s enterprise tools. These tools are all full featured and automate the work of crushing an entire hillside of dirt to locate tiny grams of gold — but “got human”? It comes back to the skilled operator who knows how and when to push all those fancy buttons. Of course deciding which hillside to crush is another problem altogether.

This is a particularly difficult challenge for midsize enterprises which struggle with SIEM data; billions of logs, change and configuration data all now available thanks to that shiny SIEM you just installed. What does it mean? What are you supposed to do next? Large enterprises can afford a small army of experts to extract value, whereas the small business can ignore the problem completely but for the midsize enterprises, it’s the worst of all worlds – Compliance regulations, tight budgets, lean staff and the demand for results?

This is why our  SIEM Simplified  offering was created: to allow customers to outsource the heavy lifting part of the problem while maintaining control over the critical and sensitive decision making parts. At the EventTracker Control Center (ECC), our expert staff watches your incidents and reviews log reports daily, and alert you to those few truly critical conditions that warrant your attention. This frees up your staff to take care of things that cannot be outsourced. In addition, since the ECC enjoys economies of scale, this can be done at lesser cost than do-it-yourself. This has the advantage of inserting the critical human component back into the equation but at a price point that is affordable.

As Grady Booch observed “A fool with a tool is still a fool.”

 

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