Remove Big Data Remove Risk Remove Risk Management Remove Unstructured Data
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A Detailed Introduction on Data Lakes and Delta Lakes

Analytics Vidhya

This article was published as a part of the Data Science Blogathon. Introduction A data lake is a central data repository that allows us to store all of our structured and unstructured data on a large scale. The post A Detailed Introduction on Data Lakes and Delta Lakes appeared first on Analytics Vidhya.

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What Are the Industries That Benefit Most from Big Data?

Smart Data Collective

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.

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Improving Big Data Analytics To Address Cybersecurity Challenges

Smart Data Collective

Advances in mass storage and mobile computing brought about the phenomenon we now know as “big data.” That is how “big” the need for big data analytics came to be. More specifically, big data analytics offers users the ability to generate relevant insights from heaps of data.

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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

Since the beginning of Commercial insurance as we know it today, insurers have been using data generated by other industries to assess and rate risks. In the days of Lloyd’s Coffee House , insurers gathered data about cargo, voyages, seasonal weather and the performance history of vessels and mariners to underwrite risks.

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Examples of IBM assisting insurance companies in implementing generative AI-based solutions  

IBM Big Data Hub

As part of our generative AI initiatives, we can demonstrate the ability to use a foundation model with prompt tuning to review the structured and unstructured data within the insurance documents (data associated with the customer query) and provide tailored recommendations concerning the product, contract or general insurance inquiry.

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Leveraging user-generated social media content with text-mining examples

IBM Big Data Hub

Named entity recognition (NER): NER extracts relevant information from unstructured data by identifying and classifying named entities (like person names, organizations, locations and dates) within the text. Popular algorithms for topic modeling include Latent Dirichlet Allocation (LDA) and non-negative matrix factorization (NMF).

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Driving Success With a Modern Data Architecture and a Hybrid Approach in the Financial Services and Telco Industries

Cloudera

Corporations are generating unprecedented volumes of data, especially in industries such as telecom and financial services industries (FSI). However, not all these organizations will be successful in using data to drive business value and increase profits. Is yours among the organizations hoping to cash in big with a big data solution?