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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

Not to be confused with the ordinary sense of rent as a charge for temporary use of property, economic rents are the income above a competitive market rate that is collected because of asymmetries in ownership, information, or power. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. It’s not our data.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 billion in 2020. They include; Credit risk assessment. billion to bank fraud in 2021 , up 70% from 2020. Cybersecurity.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

It helps companies operate more efficiently, tap larger markets of customers, and solve some of their most complex challenges. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Big data offers many benefits for companies in any economy.

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Can AI Slash the Costs of Accounting Errors in 2020?

Smart Data Collective

Business owners often focus on some of the more pressing concerns, such as identifying their target market and refining the designs of the product. We want to cover the costs of both job scheduling and appointment scheduling issues in this post. What are the benefits of using machine learning to improve scheduling?

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Captive centers are back. Is DIY offshoring right for you?

CIO Business Intelligence

“Despite economic and political disruptions, offshore and nearshore captive market growth accelerated with many enterprises expanding and setting up new centers,” says Everest Group partner Rohitashwa Agarwal. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization.

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Implementing a Cohesive Approach to Agile Portfolio Management in 2020

Smart Data Collective

This article is about the phenomenon of Agile Portfolio Management, its benefits, and a step-by-step plan of how to implement it. Match the value of each project with the company’s strategy and market demand. Building a smart Agile portfolio benefits from the right software and infrastructure. Creating agile portfolio.

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IBM ranked #1 for AI lifecycle software market share in IDC report

IBM Big Data Hub

Amidst this era of digital reinvention, IBM lays claim to an impressive streak of AI market leadership. In the latest IDC market share report, IBM was ranked #1 in AI Life-Cycle Software , with the largest 2020 market share at 13.7% Other benefits mention cost reductions, operational efficiencies and a 6.3%