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Big Data: The Technology Behind Retailers Success

Smart Data Collective

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Big data in retail help companies understand their customers better and provide them with more personalized offers. Big data is a not new concept, and it has been around for a while.

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Big Data Leads to the Possibility of a Cashless Society

Smart Data Collective

The financial sector is among the industries most affected by developments in big data. This market doesn’t seem to even include a number of new services financial institutions use that rely on big data. Big Data Change the Future of Payment Processing for Small Businesses. That rose to 19% by 2018.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. What is a model?

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How Financial Institutions Are Becoming Champions Of Big Data

Smart Data Collective

Nonetheless, the financial industry is using big data more than ever. The success of both Fintech companies and traditional banks will hinge on their ability to leverage big data to its fullest potential. How Financial Institutions Are Becoming the Unlikely Champions of Big Data.

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Big Data Offers New Solutions for Disaster Mitigation Planning

Smart Data Collective

. Organizations are using big data to solve many of their most pressing challenges. Some big data applications have received considerably more attention than others. Marketing and finance are two of the functions that are most dependent on big data. Cybersecurity is becoming a greater concern than ever.

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A Few 2016 Technology Predictions

In(tegrate) the Clouds

I enjoy the end of the year technology predictions, even though it’s hard to argue with this tweet from Merv Adrian: By 2016, 99% of readers will be utterly sick of predictions. 2016 will be the year of the data lake. In 2016, which software company will be the biggest game-changer for the long term?

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The Evolving Role Of Big Data In Accident Cost Containment

Smart Data Collective

The good news is that new advances in big data have made it easier for them to look for ways to prevent these horrific problems. Big Data Offers New Solutions to Accident Prevention. Accident data provides insight and valuable information that can be used to help improve safety in the future. between 2016 and 2017.