Smart Data Collective

JULY 25, 2019

Not long ago, big data was one of the most talked about tech trends , as was artificial intelligence (AI). But, in case people need a reminder of how fast technology evolves , they only need to consider something newer — big data AI. So, big data AI can both compile information and respond to it.

Big Data 85

Big Data Insurance Risk Cost-Benefit 85

Smart Data Collective

FEBRUARY 2, 2021

Big Data is more than a trend or a buzzword. In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years.

Big Data 85

Big Data Recreation/Entertainment Cost-Benefit Finance 85

Smart Data Collective

MAY 21, 2019

. Organizations are using big data to solve many of their most pressing challenges. Some big data applications have received considerably more attention than others. Marketing and finance are two of the functions that are most dependent on big data. Cybersecurity is becoming a greater concern than ever.

Big Data 77

Big Data Cost-Benefit Predictive Analytics Insurance 77

IBM Big Data Hub

APRIL 10, 2024

Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. trillion in 2022.

Cost-Benefit 97

Cost-Benefit Software Risk Marketing 97

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Here’s why.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

IBM Big Data Hub

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Despite this, many healthcare organizations face challenges.

Data Governance 74

Data Governance Data Quality Insurance Predictive Analytics 74

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. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success.

Metrics 217

Metrics KPI Management Cost-Benefit 217

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

JULY 8, 2021

Intuitively, this also means that consumers stand to benefit from advances in artificial intelligence as well. However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

IBM Big Data Hub

JANUARY 18, 2024

Chatbot benefits for customers Your customers enjoy numerous benefits, many of which also benefit your company in return. Benefits for your company AI chatbots respond quickly, accurately process natural human language and automate personalized experiences, offering numerous benefits and new opportunities to your organization.

Cost-Benefit 95

Cost-Benefit Interactive Sales Insurance 95

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 57

Risk Modeling Enterprise Interactive 57

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Client Risk Profile Categorization. Detection and prevention of fraud.

Insurance 120

Insurance Machine Learning Cost-Benefit Data-driven 120

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

Smart Data Collective

JUNE 30, 2022

You would also discover the big data is at the heart and soul of modern organizational practices. More companies are using data analytics to optimize their business models in creative ways. The IoT has helped improve logistics , but big data has been even more impactful.

Analytics 111

Analytics Cost-Benefit Analytics Technologies Big Data 111

Smart Data Collective

JUNE 26, 2019

Big data and predictive analytics will lead to healthcare improvement. We reviewed other papers on the topic and condensed the best benefits into this article. Big data will lead to early diagnoses, especially in deadly forms of cancer and disease. Changes for Hospitals and Insurance Providers.

Predictive Analytics 93

Predictive Analytics Analytics Insurance Cost-Benefit 93

IBM Big Data Hub

JANUARY 16, 2024

One example of this is in insurance. Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

IBM Big Data Hub

JULY 11, 2023

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare?

Deep Learning 59

Deep Learning Cost-Benefit Insurance Machine Learning 59

Smart Data Collective

JANUARY 12, 2022

Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Companies in the financial sector aren’t the only ones discovering the benefits of using data analytics for financial management. Data analytics can even help them prepare for financial disasters.

Data Analytics 117

Data Analytics Analytics Finance Data mining 117

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization.

Data Warehouse 122

Data Warehouse Dashboards Risk Management Risk 122

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

Smart Data Collective

JULY 15, 2021

A number of major financial verticals have become more reliant on AI, including insurance, banking, securities brokers and financial planning services. Some of the benefits include the following: Machine learning has made it a lot easier to analyze large sets of data at once. Investors should consider the benefits it affords.

Machine Learning 119

Machine Learning Cost-Benefit Marketing Finance 119

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

Insurance 100

Insurance Data-driven Data Governance Metadata 100

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

Domino Data Lab

JULY 28, 2021

Data science is a field that uses math and statistics as part of a scientific process to develop an algorithm that can extract insights from data. Depending on the problem, it may be more important to reduce bias at the cost of precision or reduce noise at the expense of accuracy. All models are not made equal.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

IBM Big Data Hub

OCTOBER 3, 2022

A large North American healthcare organization uses AI-infused data fabric architecture to help them identify vulnerable members who can benefit from timely intervention. What’s a data fabric and how is it different from a data mesh? . What healthcare is doing with data fabric and AI to mitigate risks.

Machine Learning 52

Machine Learning Risk Insurance Cost-Benefit 52

Cloudera

AUGUST 31, 2021

Traditional data warehouse vendors may have maturity in data storage, modeling, and high-performance analysis. Yet, these legacy solutions are showing their age and can no longer meet these new demands in a cost-effective manner. Running on CDW is fully integrated with streaming, data engineering, and machine learning analytics.

Data Warehouse 80

Data Warehouse Cost-Benefit Metadata Data-driven 80

CIO Business Intelligence

SEPTEMBER 20, 2023

With 90 years of history, Mapfre is one of the giants of the Spanish insurance sector. The personalization of services and products is going to be fundamental in the insurance sector,” she says, an aspect she’s spearheading, along with a commitment to data and AI. “The The third pillar of our strategy is data.

Modeling 91

Modeling Insurance IT Cost-Benefit 91

IBM Big Data Hub

FEBRUARY 1, 2024

For whatever reason—be it functionality, cost, reliability or resourcing—most companies naturally come around to the need for a managed DNS service delivered by a third party. Self-hosted authoritative DNS rarely includes this—it’s too resource intensive to build and maintain a secondary system as a form of insurance.

Data Processing 90

Data Processing Enterprise Cost-Benefit Testing 90

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

O'Reilly on Data

SEPTEMBER 19, 2023

Each time, the underlying implementation changed a bit while still staying true to the larger phenomenon of “Analyzing Data for Fun and Profit.” ” They weren’t quite sure what this “data” substance was, but they’d convinced themselves that they had tons of it that they could monetize.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247

IBM Big Data Hub

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. But the implementation of AI is only one piece of the puzzle.

Cost-Benefit 83

Cost-Benefit Metadata Data Governance Modeling 83

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. Cloud-related services’ cost has risen by between 5% and 7% this year compared to last, IDC says. Puritan Life’s Duty says she regularly conducts cost reviews. “We

IT 132

IT Insurance Cost-Benefit Risk Management 132

erwin

FEBRUARY 19, 2021

Is it sensitive or are there any risks associated with it? Metadata also helps your organization to: Discover data. Identify and interrogate metadata from various data management silos. Harvest data. Automate the collection of metadata from various data management silos and consolidate it into a single source.

Metadata 110

Metadata Management Data Quality Cost-Benefit 110

Sisense

MAY 4, 2020

In his article in Forbes , he discussed how some of the biggest names in global business — Nike, Burger King, and McDonald’s — and progressive newer entrants to huge sectors like insurance, are embracing data and analytics technology as a platform on which to build their competitive advantages. Organizations must adapt or die.

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Infrastructure Cost Optimization. Germany (Primary Market) . North America (US East Region).

Strategy 91

Strategy Cost-Benefit Optimization Risk 91

AWS Big Data

MARCH 27, 2024

Achieving this will also improve general public health through better and more timely interventions, identify health risks through predictive analytics, and accelerate the research and development process. It provides low-latency, high-speed ingestion of streaming data from Kinesis Data Streams and Amazon MSK.

Data Analytics 90

Data Analytics Analytics Data Warehouse Data Lake 90