Smart Data Collective

NOVEMBER 17, 2021

Data analytics has become a crucial element of the financial industry. Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. The market for financial analytics services is expected to be worth $14 billion by 2026. Data Analytics Should Guide Your Investing Decisions.

Analytics 112

Analytics Big Data Data-driven ROI 112

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. Real-time data analytics helps in quick decision-making, while advanced forecasting algorithms predict product demand across diverse locations.

Insurance 77

Insurance Data Warehouse Data-driven Unstructured Data 77

Smart Data Collective

MAY 21, 2019

There are several ways that predictive analytics is helping organizations prepare for these challenges: Predictive analytics models are helping organizations develop risk scoring algorithms. Insurance providers might require them to have adequate safeguards to get compensated for any damages.

Big Data 77

Big Data Cost-Benefit Predictive Analytics Insurance 77

IBM Big Data Hub

FEBRUARY 14, 2024

Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies. See what’s ahead AI can assist with forecasting. For example, a supply-chain function can use algorithms to predict future needs and the time products need to be shipped for timely arrival.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

datapine

OCTOBER 21, 2020

One of the most notable areas where data analytics is making big changes is healthcare. In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. 1) Patients Predictions For Improved Staffing.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

JUNE 5, 2023

Besides offering peace of mind, these features can reduce home insurance premiums. With predictive analytics, your smart home can warn you about potential problems like leaks or electrical faults, enabling you to fix them early and avoid hefty repair costs. Now that’s smart.

Cost-Benefit 91

Cost-Benefit Insurance Big Data Predictive Analytics 91

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Among the many strategies and technologies organizations use to keep these costs at a minimum, predictive analytics is one of the most effective ones.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

NOVEMBER 12, 2021

Companies have found that data analytics and machine learning can help them in numerous ways. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. One of the other benefits of data analytics is that it can help forecast future business activity. Control Operational Costs.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

bridgei2i

JULY 8, 2020

And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. In the short run, this means they have to get their demand forecast right. Tune in to know more! Meet the Speakers. Tune in for more.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

FineReport

APRIL 9, 2024

By integrating advanced analytics solutions, healthcare organizations can elevate their capacity for data-driven decision-making. The seamless integration of healthcare analytics empowers providers to extract actionable insights from complex datasets, thereby facilitating evidence-based decision support systems.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Smart Data Collective

AUGUST 21, 2019

Predictive analytics and machine learning can help give some more perspectives on how retirees live , which can help them forecast their financial needs in their Golden Years. Big data technology is applicable in different sectors ranging from healthcare, banking, pension industry, and insurance.

Big Data 77

Big Data Cost-Benefit Insurance Statistics 77

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95

Cloudera

SEPTEMBER 7, 2023

The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” The hybrid platform’s automation capabilities are crucial in this stage, allowing for more rapid adaptation and richer analytics. Plan to scale for the future.

Insurance 87

Insurance Risk Data-driven Finance 87

Smart Data Collective

AUGUST 29, 2022

Did you know that 53% of companies use data analytics technology ? Machine Learning Helps Companies Get More Value Out of Analytics. There are a lot of benefits of using analytics to help run a business. You will get even more value out of analytics if you leverage machine learning at the same time. Predictive analytics.

Analytics 115

Analytics Predictive Analytics Machine Learning Insurance 115

Smart Data Collective

DECEMBER 5, 2019

They offer cheap prices for flight and focus on selling additional bags, meals, complete trip packages, and flight insurance as a way of making money. Predictive analytics will be used much more in airline marketing in the months to come. New machine learning technology is making things much easier. seats on planes.

Machine Learning 63

Machine Learning Cost-Benefit Strategy Insurance 63

Jet Global

DECEMBER 6, 2019

when it comes to the banking and insurance industry, things get a little different. On the insurance side, new regulatory reporting requirements are increasing the number and frequency of required calculations, revisions to financial statement presentation, and increases in financial statement disclosures. So How Did They Do It?

Insurance 86

Insurance Reporting Predictive Analytics Forecasting 86

Smart Data Collective

MAY 11, 2023

Therefore, it should be no surprise that the market for data analytics is growing at a rate of nearly 23% a year after being worth $744 billion in 2020. Predictive analytics and other big data tools help distinguish between legitimate and fraudulent transactions. Big data can help companies in the financial sector in many ways.

Data mining 99

Data mining Big Data Sales Cost-Benefit 99

Jet Global

NOVEMBER 27, 2019

With 300 entities distributed across 50 countries, credit insurance specialist, Atradius, struggled to present a consolidated set of accounts, in a timely manner, that everyone could agree on and trust. Improving forecast accuracy using predictive analytics to detect bias. Webinar Details: Tuesday, December 10, 1pm.

Reporting 81

Reporting Insurance Predictive Analytics Forecasting 81

Smarten

JULY 10, 2018

This article summarizes our recent article series on the definition, meaning and use of the various algorithms and analytical methods and techniques used in predictive analytics for business users, and in augmented data preparation and augmented data discovery tools. Use Case(s): Weather Forecasting, Fraud Analysis and more.

Analytics 40

Analytics Forecasting Statistics Sales 40

Domino Data Lab

JUNE 2, 2019

And by “scale” I’m referring to what is arguably the largest, most successful data analytics operation in the cloud of any public firm that isn’t a cloud provider. Daniel Kahneman @ #dominorev #rev2 #keynote #DataScience #data #AccuLogique #data4good #analytics #ThisIsNYC pic.twitter.com/hb7huNLgC4. " – Prof.

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

Andrew White

JANUARY 11, 2021

It was titled, The Gartner 2021 Leadership Vision for Data & Analytics Leaders. This was for the Chief Data Officer, or head of data and analytics. The fill report is here: Leadership Vision for 2021: Data and Analytics. What are you seeing as the differences between a Chief Analytics Officer and the Chief Data Officer?

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smarten

JUNE 21, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method. 2) Double Exponential Smoothing Use Case.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

Jet Global

MAY 4, 2021

As the first in-memory database for SAP, HANA was revolutionary, bringing together the best characteristics of both traditional online transaction processing and online analytical processing. After that, we will cover some of the key factors to consider as you plan your strategy for financial reporting and analytics on S/4HANA.

Reporting 52

Reporting IT Finance Data Warehouse 52