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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. In this modern age, each business entity is driven by data. Data analytics are now very crucial whenever there is a decision-making process involved. The Role of Big Data.

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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

datapine

“You can have data without information, but you cannot have information without data.” – Daniel Keys Moran. When you think of big data, you usually think of applications related to banking, healthcare analytics , or manufacturing. Download our free summary outlining the best big data examples! Discover 10.

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Big Data Platforms Assist with Spreading Health and Safety Awareness

Smart Data Collective

We have talked extensively about the multitude of benefits that big data provides to companies in every sector. While most of our discussions focus around the financial benefits of data technology to these organizations, there are some more holistic advantages as well. Stop and Think SAFE.

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Big Data Joins The Fight Against Traumatic Brain Injuries

Smart Data Collective

Big data is being used more frequently in healthcare facilities all over the world. One report shows that the global market for big data in healthcare is expected to reach $68.75 However, this figure misses some important nuances, such as which areas of medicine are using big data the most. billion in 2025.

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New Report Shows Big Data Plays Key Role In Improving Driver Safety

Smart Data Collective

Big data is often used to make the world safer. We can use big data to develop better predictive analytics tools to identify risks and take the right precautions. One of the best examples is with using big data to protect driver safety. Companies that use big data can create better contingency plans.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. Occupation.

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Big Data Sets Impressive New Standards On Integrated Business Systems

Smart Data Collective

In 2013, Wired published a very interesting article about the role of big data in the field of integrated business systems. Author James Kobielus, the lead AI and data analyst for Wikibon and former IBM expert, said that there are a number of ways that integrated business systems are tapping the potential of AI and big data.