You can read the first paragraph of the press release and figure this one out as Symbility is part of Decision Insight with what is 
called an indirect ownership created by other companies. As I keep saying it’s getting to be more difficult to figure out who owns who. Also it looks like CoreLogic will have more data to sell as they are a big participant in paying states for licenses to mine the public data, so much that one state a while back cut them off as the state servers slowed to a crawl and timely updates were not made along with the large number of algorithmic bots that were turned loose on the state servers. Again as I keep saying, time to license and excise tax the data sellers as they become even more powerful when you combine data sets and mining technologies together, more of the big guys against the little guys (us).
Consumers Lose More Privacy With New CoreLogic Credit Reporting–”Score” Marketed For Insurers and Employers To Gain Information-California Prohibits Potential Employers – From Using As Jan 1 - Killer Algorithms Part 8
With all these big power houses of data and analytics, which is becoming more flawed as the data selling epidemic continues, sadly we had this from the FTC…totally out of touch and trusting…a bit Algo Duped if you ask me as they are not talking any IT infrastructure to regulate data sellers.
FTC “Reclaim Your Name Campaign” Not Good Enough–No Path for Regulation Identified–All Data Sellers Including Banks, Insurers, Etc. Should Be Required to Buy a License
Symbility has a healthcare division and proudly
lists Express Scripts as one of their partners, again we are looking at some data selling opportunities here and making money flipping those algos.
“Symbility Solutions® (TSX.V: SY; OTCQX: ATBEF) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions’ two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience.”
I realize the importance of analytics and some are very good but it’s not all used in the proper context and that’s the problem as well as models that lie too with numbers that make profits only. It is interesting to see that data platforms are being turned into big money makers and some are good and some are not.
Big Data/Analytics If Used Out of Context and Without True Values Stand To Be A Huge Discriminatory Practice Against Consumers–More Honest Data Scientists Needed to Formulate Accuracy/Value To Keep Algo Duping For Profit Out of the Game
Again all who sell data, banks, companies, data brokers, etc. should have to buy a license and state what kind of data they sell and to who…Only the Query Masters know for sure what parameters are set as qualifiers and how they get manipulated as well as it is a booming billion dollar business that have been carved out of the air. You can’t touch an algorithm, see it, or speak to it but with the right programming and parameters they can take your money. It’s called modeling for inequality and the link below has a great video that explains quite a bit and Cathy O’Neill talks about “Weapons of Math Destruction”. BD
Modeling for Inequality With Segmentation, Insurance Industry Uses Backwards Segmentation As Some Models Stand to Threaten Overall Democracy
TORONTO, ONTARIO--(Marketwired - July 2, 2013) - Symbility Solutions Inc.(R) (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased that CoreLogic(R) (NYSE:CLGX), a leading residential property information, analytics and services provider, has reached a definitive agreement to purchase all of Decision Insight Information Group's indirect ownership interest in 61,404,748 common shares of Symbility Solutions, contemporaneous with their purchase of Marshall & Swift/Boeckh (MSB) and DataQuick.
Symbility Solutions(R) (TSX VENTURE:SY)(OTCQX:ATBEF) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property(TM) and Symbility Health(TM), empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.
http://online.wsj.com/article/PR-CO-20130702-904972.html?mod=googlenews_wsj
No comments:
Post a Comment