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The Role and Importance of Data Collection in Healthcare

Smart Data Collective

Did you know that global businesses are expected to spend $274 billion on big data this year? The healthcare sector, in particular, has discovered a number of benefits of leveraging data technology. There are a lot of reasons that big data can be useful for healthcare businesses of all sizes.

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How Insurers Evaluate Data and Incorporate it Into their Business Model

Smart Data Collective

Many companies have been heavily impacted by big data. One of the industries most affected by data technology has been the insurance sector. In order to appreciate the role of big data in insurance, it is necessary to look at its historical context. This is no longer true than when it comes to data.

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5 Current Trends in Big Data for 2022 and Beyond

Smart Data Collective

The world of big data is constantly changing and evolving, and 2021 is no different. As we look ahead to 2022, there are four key trends that organizations should be aware of when it comes to big data: cloud computing, artificial intelligence, automated streaming analytics, and edge computing.

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Fleet Management and Big Data: Points to Consider

Smart Data Collective

The total amount of new data will increase to 175 zettabytes by 2025 , up from 33 zettabytes in 2018. This ever-growing volume of information has given rise to the concept of big data. And I do not mean large amounts of information per se, but rather data that is processed at high speed and has a strong variability.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Marital status. Occupation. Type of Vehicle.

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Fleet Management Firms Use Data Analytics for Optimal Customer Service

Smart Data Collective

Many fleet management companies were reluctant to embrace the power of big data a decade ago. Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. The fleet management industry is no exception. Managing Driver Workload.

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Gathering Data Can Be Vital for Your Personalized Financial Plan

Smart Data Collective

Big data has had a profound impact on the finance industry. Before getting into how gathering data can help your financial future, you should understand what it is. You won’t be able to use sophisticated machine learning tools to track the trajectory of your finances without having the data on hand first.