Showing posts from January, 2020

How many copies of a payment transaction record?

I am curious to know, approximately how many copies of a payment transaction record are stored across all systems across all parties involved in the payments sector?  Based on a simple and rough calculation I think it is a minimum of 60 copies of each payment transaction. Of course every party doesn't have access to every field (column or data point) and has access only to that part of the record which it is authorized to have access.  So, it looks like we (all parties combined) use at least 60 times more storage than it is required to store a payment transaction record. I'm open to learn from others if I have missed some parties/systems/data layers. And is there a possibility to centralize storage across all parties to store it once and to provide access to parts of the records to parties/systems instead of duplication? May be a point to think. 

At least 3 people have started IBI this year

Very happy to know that at least 3 people, whom I know (and have informed me), have started with IBI  (Individual Business Intelligence) from 1st Jan 2020. One is a close friend and ex-Wirecard who has started with 20+ data points, another is a colleague who would like to capture data and do predictive analytics using his data and check if his predictions comes true, and the 3rd one is my 6 year old son with his mama's help who has started capturing various data points including how many times he cried in a day, how many times he fought, how much time he spent learning something, etc. All the best wishes to 3 of them. I am sure more people will realize the benefits of IBI.  To create awareness about IBI I plan to introduce IBI in different languages that I speak. I have started the series with one introductory video in Kannada language. Please find it below, and please share it with friends and family who speak Kannada. Goal is to create as much awareness, including those, who

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