article thumbnail

10 Examples of How Big Data in Logistics Can Transform The Supply Chain

datapine

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. The big data market is expected to exceed $68 billion in value by 2025 , a testament to its growing value and necessity across industries. Did you know?

Big Data 275
article thumbnail

Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research. by 2025, according to IDC. billion globally over a five-year period, it gets noticed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

6 ecommerce trends to watch

IBM Big Data Hub

Social commerce, a form of ecommerce in which a social media platform serves as both a marketing channel and a shopping destination, is expected to grow by more than 50% between 2021 and 2025. trillion globally by 2025. The ecommerce market has grown exponentially over the last decade.

article thumbnail

Climate change predictions: Anticipating and adapting to a warming world

IBM Big Data Hub

Climate modeling consists of using datasets and complex calculations to represent the interactions between major climate system components—namely, the atmosphere, land surface, oceans and sea ice. 4 ” IEA: More than a third of the world’s electricity will come from renewables in 2025. link resides outside ibm.com).

Modeling 123
article thumbnail

4 Incredible Benefits Of IoT-Based Indoor Mapping

Smart Data Collective

billion IoT devices online by 2025. There are many ways that commercial spaces like office buildings and shopping centers can benefit from 3D and interactive indoor mapping software by Mappedin or other similar companies. More architects are going to use IoT devices in the near future to optimize their designs. Maintenance.

IoT 144
article thumbnail

NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. It can also help speed up customer service interactions and provide sophisticated support any time of day. .

article thumbnail

Data-Driven Marketing Strategies to Supercharge eCommerce Businesses

Smart Data Collective

billion on big data by 2025. From books, clothes, and shoes to courses and memberships, consumers are interacting with digital businesses more than ever. You can optimize your website for search engines by investing in Google ads and setting up your Google My Business (GMB) profile.