Featured IT News

NZ businesses have less than 2 years before digital disruption hits: report

20 May 2019 in Market

Global IT services company DXC Technology and technology analyst firm Telsyte say research they undertook has revealed that New Zealand…

Huawei promises continued security updates and service to existing users post Google ban

20 May 2019 in Development

Google has shocked the world by banning Huawei from future OS versions and security updates, but existing Huawei handsets will…

AIIA urges govt to pass encryption law amendments in first 100 days

20 May 2019 in Government Tech Policy

The head of the Australian Information Industry Association, Ron Gauci, has sought an assurance from the re-elected Coalition Government that…

Amazon leads US$575m Deliveroo financing round

20 May 2019 in Strategy

Online giant Amazon is leading a new US$575 million Series G preferred shared funding round in food delivery service Deliveroo…

Turnaround in customer satisfaction levels with telcos: report

20 May 2019 in Business Telecommunications

Customers have become increasingly satisfied over the past 12 months with the service they receive from telecommunications providers, according to…

Google cuts off Huawei access to Android updates, collaboration

20 May 2019 in Government Tech Policy

Google has suspended some of its business with Chinese telecommunications equipment vendor Huawei Technologies in the wake of the US…

Trump using Huawei issue 'to pressure China over trade deal'

19 May 2019 in Government Tech Policy

US President Donald Trump is using the Huawei issue to put pressure on China to agree to a trade deal…

Telstra launches customer rewards program

17 May 2019 in Business Telecommunications

Telstra has launched its loyalty program — Telstra Plus — claiming a ‘first of its kind' loyalty program for an…

Telstra further boosts investment in Boomtown with $11.8 million

17 May 2019 in Telecoms & NBN

Telstra has invested $11.8 million in US-based software support and technical services company Boomtown as the company accelerates its continued…

US parts ban a setback for Huawei; American firms could suffer too

17 May 2019 in Business Telecommunications

ANALYSIS A trade pact between China and the US appears to be unlikely following the actions taken by the US…

ACCC blames CMS error for publishing merger info early

17 May 2019 in Telecoms & NBN

The Australian Competition and Consumer Commission has blamed "a flaw in its website content management system" for publishing information about…

IT sector hit by slump in jobs advertised for April: report

16 May 2019 in Recruitment

The number of job advertisements declined markedly in Australia in April, with the Information and Technology sector hit by a…

Breaking IT News

NSW Government establishes Cyber Security office

20 May 2019 in Security

A new Cyber Security office has been established in NSW by the State Government within the Department of Customer Service…

NEC facial recognition solution helps tackle examination fraud

20 May 2019 in Deals

Melbourne firm Genix Ventures is utilising NEC’s NeoFace facial recognition solution to counter what it says is an increasing incidence…

Inmarsat, ApisProtect partner to help stem global bee population decline

20 May 2019 in Internet of Things

Global satellite communications company Inmarsat is partnering with Irish agritech company ApisProtect to deploy Internet of Things (IoT) technology to…

Optus to offer 5G to selected users, top speed 295Mbps

20 May 2019 in Telecoms & NBN

Australia's second biggest telco Singtel Optus will give select customers in five suburbs the opportunity to sample its 5G Home…

An AIOps Mindset - How Australian Technologists Can Become Agents of Transformation

20 May 2019 in Strategy

SPONSORED BY APPDYNAMICS. According to our latest research, innovation within Australian organisations is being stifled by a lack of ‘Agents…

Google storing details of purchases made by Gmail users

20 May 2019 in Home Tech

Gmail users are finding that details of all their purchases are being stored within their Google account, even though they…

Huawei launches new Wi-Fi 6 AP, to support up to 10Gbps

20 May 2019 in Business Telecommunications

Chinese telecommunications equipment vendor Huawei Technologies will launch its Wi-Fi 6 access point, AP7060DN, on Monday, with the company dubbing…

auDA set to decide on direct registration policy

20 May 2019 in Strategy

The board of auDA, the body that administers the Australian domain namespace, will meet on Monday to consider policies proposed…

South Korean Government mulls move to Linux

20 May 2019 in Open Source

A little more than six months before Microsoft ends support for Windows 7, the South Korean Government is considering a…

Big-tech tax avoidance a thorny issue for new Morrison govt

20 May 2019 in Open Sauce

One of the big problems in tech that the incoming minister for the digital economy will have to fix is…

Use of EternalBlue Windows exploit growing by the day: ESET

19 May 2019 in Security

The EternalBlue exploit for Windows, crafted by the NSA and leaked online by a group known as the Shadow Brokers,…

10 things we learned from Forcepoint’s 2019 Conference

17 May 2019 in Security

Forcepoint held its annual APAC conference in Kuala Lumpur, Malysia this week. The network security company, which specialises in behavioural…

ACMA considers AM to FM swap by South Australian commercial radio station

17 May 2019 in Entertainment

The Australian Communications and Media Authority is considering a proposal from South Australian commercial radio station 5MU to swap from…

Energy strategy for solar industry to be tested in car race

17 May 2019 in Energy

A doctoral candidate from the University of South Australia has developed an energy management strategy that maximises efficiency in balancing…

Datto boosts Australia, NZ investment in managed services market

17 May 2019 in Strategy

Data protection vendor Datto has announced it is expanding investment in the Australia and New Zealand region by opening a…

Barrera oversees ThousandEyes in ANZ

17 May 2019 in People Moves

Digital experience monitoring company ThousandEyes has expanded into Australia and New Zealand.

Forbes magazine victim of Magecart card-skimming attack

17 May 2019 in Security

The subscription site for Forbes magazine has been the victim of the card-skimming attack group Magecart, with the well-known website…

Nextcloud, Nitrokey team up for secure logins

17 May 2019 in Security

File sync and share solution company Nextcloud has teamed up with secure encryption USB key vendor Nitrokey to provide its…


Popular News





Recent Comments

Tuesday, 29 November 2016 15:43

Veriluma turns chaos into order


Australian company Veriluma is pioneering a new branch of advanced analytics – prescriptive analytics is dedicated to finding the best course of action for any situation.

I spent an informative hour with Veriluma’s chief executive, Elizabeth Whitelock, its data scientist Stuart Nettleton and Damon Jalili, an independent government relations specialist and formerly head of government relations for Kreab Gavin Anderson.

The premise was simple. The “old” methods of data analysis, namely descriptive (past performance) and predictive (what could happen) are data-based whereas prescriptive uses all sorts of data, fed into a user defined model (that is the crux to its accuracy) to anticipate the likelihood of what will happen. In developing the model, inherent biases and gut feels are identified and, if necessary, ignored.

Prescriptive has been called the final frontier of business analytics and works from the “model” backwards. What question are you trying to answer, what is the information or indicators you need to know to answer it, and what are the “weird, unknowable, left field things that could skew the results? Veriluma has a patented collaborative decision-making “engine” and application programming interface (API) that allows users to run up a model, refine and use it very quickly on x86 notebooks or in the AWS cloud.

One of the keys to prescriptive is that it can use so many data types and sources – if it is relevant to the model. The data may be structured (like data defined via tables in a database) including numbers, and text, as well as unstructured data, such as texts, images, sounds, and videos. More than 80% of today’s data is unstructured data.

Prescriptive can use all inputs and can use separate input loops comprising data to feed results into other loops – relationships, etc.

Veriluma started in a Commonwealth Research Centre for the Australian Defence Intelligence Organisation, working on defence models. Defence situations can lack certainty and reliable information and may depend on input that is subjective or even inaccurate. Regardless, in these situations, decision makers still demand fast insight that is accurate and actionable.

After the government got what it wanted it put the technology up for commercialisation and Veriluma was born in 2010. It was floated on the ASX in late September 2016. Its software has wide applications across multiple industries including banking and financial services, government, defence and national security, insurance, legal, health, pharmaceutical and resources.

During the Q&A session, we discussed many uses – Fintech to assess credit risk, financial planning, mergers and acquisitions, policy regulators and more. At that stage, it became clear that it is not really about the data but about what question you need to be answered.

Nettleton was enthusiastic, “Using predictive analysis should move you from either being right or wrong – 50/50 – to mostly right all of the time. The world is not perfect, and the starting at the question and working backwards tells you more than starting at the machine learning insights and trying to figure out what to do. It considers all factors without emotion, bias, and prejudice.”

Jalili stated that as data increases, decision makers are increasingly swamped by it and often paralysed. Prescriptive says what is the question you want to be solved – not here is the data, analyse it for insights – insights are fine, but they are not the best for making decisions.

In a government sense, prescriptive mandates that all biases are exposed and there is transparency in the decision.

Whitelock spoke of the expansion plans, as far as a listed company can. “As a small company, we sold directly to the end user. Now we are looking to find, train and retain a partner network that can apply their expertise to specific geographical or vertical markets. You don’t need to be a data scientist to use this."

Veriluma decisions 


Did you know: 1 in 10 mobile services in Australia use an MVNO, as more consumers are turning away from the big 3 providers?

The Australian mobile landscape is changing, and you can take advantage of it.

Any business can grow its brand (and revenue) by adding mobile services to their product range.

From telcos to supermarkets, see who’s found success and learn how they did it in the free report ‘Rise of the MVNOs’.

This free report shows you how to become a successful MVNO:

· Track recent MVNO market trends
· See who’s found success with mobile
· Find out the secret to how they did it
· Learn how to launch your own MVNO service


Ray Shaw

joomla stats

Ray Shaw ray@im.com.au  has a passion for IT ever since building his first computer in 1980. He is a qualified journalist, hosted a consumer IT based radio program on ABC radio for 10 years, has developed world leading software for the events industry and is smart enough to no longer own a retail computer store!