Global Big Data Conference

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With over 2.5 billion consumer accounts, Mastercard connects nearly every financial institution in the world and generates almost 75 billion transactions a year. As a result, the company has built over decades a data warehouse that holds "one of the best datasets about commerce really anywhere in the world," says Ed McLaughlin, president of operations and technology at Mastercard. And the company is putting that data to good use. The fastest growing part of Mastercard's business today is the services it puts around commerce, says McLaughlin. IDG's Derek Hulitzky sat down with McLaughlin and Mark Kwapiszeski, president of shared components and security solutions at Mastercard, to discuss how the company turns anonymized and aggregated data into valuable business insights and their advice for getting the best results out of machine learning models.