article thumbnail

AI Underscores Passwordless Authentication Risks for Internet Users

Smart Data Collective

However, the risks of using this authentication option are widely known, as hackers can steal, buy, or guess passwords to compromise networks and access sensitive data. AI technology has led to a new generation of password cracker tools. The introduction of passwordless authentication is thought to mitigate these risks.

Risk 126
article thumbnail

AI Can Amplify Benefits and Temper Risks of Bitcoin Investing

Smart Data Collective

Predict Price Movements with Predictive Analytics. AI has also led to the inception of predictive analytics technology, which can also help bitcoin investors. Predictive analytics algorithms are able to evaluate a number of different variables and identify future price movements. The Risk to Reward Is Skewed.

Risk 122
Insiders

Sign Up for our Newsletter

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

article thumbnail

Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

article thumbnail

Use Text Analytics Technologies To Handle Mountains Of Unstructured Data

Boris Evelson

Luckily there are mature technologies out there that can help. First, enterprise information architects should consider general purpose text analytics platforms. These are capable of handling most if not all text analytics use […].

article thumbnail

5 Benefits of Analytics to Manage Commercial Construction

Smart Data Collective

Analytics technology is changing the state of many different industries. billion on analytics technology by 2027. While a growing number of construction companies are starting to appreciate the importance of analytics technology, some are still unaware of the benefits.

article thumbnail

Using Data Analytics for Selecting Staff Augmentation & Managed Services

Smart Data Collective

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. Companies can use data analytics to improve their hiring processes. What Are the Benefits of Data Analytics in Staffing?

article thumbnail

The Evolving Role of Analytics in Strategic Financial Management

Smart Data Collective

Analytics technology is becoming integral to the field of finance. The market for financial analytics services is projected to be worth over $11 billion within the next five years. Analytics is particularly important for developing strategic financial management policies. Role of Analytics in Strategic Financial Planning.