Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. Speaking of global fintech trends, one cannot fail to mention Big Data. Fintech in particular is being heavily affected by big data. Among them are distinguished: Structured data. Unstructured data.

Finance 112

Finance Unstructured Data Cost-Benefit Big Data 112

Smart Data Collective

OCTOBER 14, 2019

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.

Big Data 69

Big Data Data Analytics Analytics Unstructured Data 69

Smart Data Collective

JUNE 7, 2019

This is where real-time stream processing enters the picture, and it may probably change everything you know about big data. Read this article as we’ll tackle what big data and stream processing are. We’ll also deal with how big data stream processing can help new emerging markets in the world.

Big Data 80

Big Data Marketing Cost-Benefit Unstructured Data 80

AWS Big Data

FEBRUARY 29, 2024

Data governance is a critical building block across all these approaches, and we see two emerging areas of focus. First, many LLM use cases rely on enterprise knowledge that needs to be drawn from unstructured data such as documents, transcripts, and images, in addition to structured data from data warehouses.

Data Governance 92

Data Governance Unstructured Data Metadata Data Lake 92

IBM Big Data Hub

SEPTEMBER 6, 2019

The initial goal of sampling is to assess where the highest compliance risk areas are within your enterprise. Read blog to learn how IBM StoredIQ InstaScan accelerates this.

Unstructured Data 74

Unstructured Data Risk Enterprise 74

IBM Big Data Hub

AUGUST 9, 2019

Introducing IBM StoredIQ Instascan for accelerated compliance and risk assessments. Read to learn more.

Unstructured Data 76

Unstructured Data Management Risk 76

IBM Big Data Hub

APRIL 16, 2024

Also, Db2 seamlessly integrates with watsonx Assistant’s natural language processing capabilities to analyze unstructured data and derive insights. Stringent access control mechanisms regulate data access based on user roles and permissions.

Unstructured Data 77

Unstructured Data Data-driven Enterprise Technology 77

CIO Business Intelligence

DECEMBER 4, 2023

Although less complex than the “4 Vs” of big data (velocity, veracity, volume, and variety), orienting to the variety and volume of a challenging puzzle is similar to what CIOs face with information management. A modern ILM approach helps CIOs and their teams align processes to business objectives and regulatory requirements.

Unstructured Data 52

Unstructured Data Data Lake Business Objectives Metadata 52

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. billion from the insurance industry.

Insurance 131

Insurance Cost-Benefit Big Data Unstructured Data 131

Smart Data Collective

NOVEMBER 16, 2021

Text mining and text analysis are relatively recent additions to the data science world, but they already have an incredible impact on the corporate world. As businesses collect increasing amounts of often unstructured data, these techniques enable them to efficiently turn the information they store into relevant, actionable resources.

Analytics 115

Analytics Unstructured Data Data Collection Software 115

Smart Data Collective

AUGUST 30, 2022

The testing helps reduce the overall cost, time, and risk associated with building new hardware so companies can focus more on their core business functions. Centralized data storage. The data backup solution makes it possible to recover your business operations when a system fails. Big data analytics.

Technology 130

Technology Enterprise Cost-Benefit Testing 130

IBM Big Data Hub

DECEMBER 5, 2023

Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content. This unstructured data forms the backbone for creating models and the ongoing training of generative AI, so it can stay effective over time.

Unstructured Data 94

Unstructured Data Cost-Benefit Experimentation Machine Learning 94

Cloudera

OCTOBER 28, 2021

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.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

Smart Data Collective

DECEMBER 18, 2020

A few years ago, we talked about the benefits of using AI and big data in disaster relief. These problems put the importance of big data and AI to the test, as we strive to fight the problems they cause. We have recently seen how important these applications are, as the damage of natural disasters is worse than ever.

Cost-Benefit 88

Cost-Benefit Unstructured Data Big Data Risk 88

Smart Data Collective

NOVEMBER 25, 2019

Just as companies are becoming more aware of the value of data, so are hackers — and as a result, the frequency and cost of data breaches are beginning to skyrocket. In the future, companies that come to rely on these new data sources will also need to protect that data — or risk the consequences.

Business Intelligence 100

Business Intelligence Predictive Analytics Data Collection Internet of Things 100

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. ML algorithms can predict patterns, improve accuracy, lower costs and reduce the risk of human error.

Cost-Benefit 85

Cost-Benefit Insurance Unstructured Data Machine Learning 85

IBM Big Data Hub

OCTOBER 12, 2022

To identify and distill the insights locked inside this sea of “unstructured” data, ESPN collaborated with IBM to teach Watson the language of football. It lets a fantasy owner visualize the risk-and-reward scenarios, see trends over time and field a more competitive team. Not anymore.

Unstructured Data 83

Unstructured Data Consulting Statistics Data-driven 83

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? This post will dive deeper into the nuances of each field.

Machine Learning 57

Machine Learning Data Science Statistics Deep Learning 57

Smart Data Collective

JUNE 3, 2019

In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. Big Data’s promise of value in the financial services industry is particularly differentiating. Customer-focused analysis dominates Big Data initiatives.

Big Data 72

Big Data Cost-Benefit Unstructured Data Risk 72

erwin

JANUARY 17, 2020

Otherwise, data-driven initiatives can stall. Thanks to organizations like Amazon, Netflix and Uber, businesses have changed how they leverage their data and are transforming their business models to innovate – or risk becoming obsolete. The Advantages of NoSQL Data Modeling. SQL or NoSQL?

Data-driven 138

Data-driven Modeling Metadata Data Governance 138

IBM Big Data Hub

OCTOBER 3, 2023

Managers can also use the AI models to analyze structured and unstructured data to compare players, estimate the potential upside and downside of starting a particular player and assess the impact of an injury.

Modeling 93

Modeling Statistics Consulting Unstructured Data 93

IBM Big Data Hub

DECEMBER 4, 2023

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.

Insurance 56

Insurance Digital Transformation Risk Management Risk 56

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. AWS’s secure and scalable environment ensures data integrity while providing the computational power needed for advanced analytics.

Insurance 82

Insurance Data Warehouse Data-driven Unstructured Data 82

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. Webcast: Build better data models.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

IBM Big Data Hub

AUGUST 28, 2023

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).

Data mining 55

Data mining Machine Learning Deep Learning Marketing 55

Smart Data Collective

FEBRUARY 3, 2021

Big data is changing the nature of the financial industry in countless ways. The market for data analytics in the banking industry alone is expected to be worth $5.4 However, the impact of big data on the stock market is likely to be even greater. What Impact Is Big Data Having Towards Investing?

Big Data 139

Big Data Marketing Data Analytics Analytics 139

Sisense

OCTOBER 6, 2020

These techniques allow you to: See trends and relationships among factors so you can identify operational areas that can be optimized Compare your data against hypotheses and assumptions to show how decisions might affect your organization Anticipate risk and uncertainty via mathematically modeling.

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

IBM Big Data Hub

DECEMBER 16, 2022

It also serves as a governance tool to drive compliance with data privacy and industry regulations. In other words, a data catalog makes the use of data for insights generation far more efficient across the organization, while helping mitigate risks of regulatory violations. Protected and compliant data.

Metadata 52

Metadata Data Quality Data-driven Data Governance 52

Cloudera

SEPTEMBER 7, 2018

Whether it’s a rogue trader in a bank or brokerage or someone illegally sharing company intellectual property or intelligence, illegal insider actions put enterprises at risk of losing millions. This could be in the form of reputational damage or unfavorable regulatory consequences in case of compromised customer data, for example.

Machine Learning 49

Machine Learning Risk Unstructured Data Cost-Benefit 49

BizAcuity

APRIL 14, 2022

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 Big Data Ecosystem.

Big Data 52

Big Data Data Analytics Management Unstructured Data 52

Jet Global

JUNE 18, 2019

Industries such as retail, healthcare, and manufacturing have experienced a dramatic shift thanks to the impact of big data analytics software—but let’s start by looking at what it is, first. Big Business Needs Big Data. What is Big Data Analytics Software? Let’s look at some of the ways: Healthcare.

Big Data 75

Big Data Software Data Analytics Analytics 75

CIO Business Intelligence

JULY 14, 2023

That creates a vector index for the data source—whether that’s documents in an on-premises file share or a SQL cloud database—and an API endpoint to consume in your application. Panasonic is using this with both structured and unstructured data to power the ConnectAI assistant.

Modeling 93

Modeling Machine Learning Cost-Benefit B2B 93

Jet Global

OCTOBER 3, 2019

Industries such as retail, healthcare, and manufacturing have experienced a dramatic shift thanks to the impact of big data analytics software—but let’s start by looking at what it is, first. Big Business Needs Big Data. What is Big Data Analytics Software? Let’s look at some of the ways: Healthcare.

Big Data 53

Big Data Software Data Analytics Analytics 53

CIO Business Intelligence

MARCH 9, 2022

But the data repository options that have been around for a while tend to fall short in their ability to serve as the foundation for big data analytics powered by AI. Traditional data warehouses, for example, support datasets from multiple sources but require a consistent data structure. Meet the data lakehouse.

Data Lake 109

Data Lake Unstructured Data Data Warehouse Data Quality 109

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 245

Machine Learning Modeling Testing Cost-Benefit 245

Rita Sallam

JULY 22, 2016

The risk of switching existing system of record reporting that is working may be higher than the benefit, so the 45% of you maintaining these systems makes sense, but increasing users and content? Q2: Would you consider Sisense better than others in handling big and unstructured data?

Analytics 40

Analytics Business Intelligence Metadata Statistics 40

Cloudera

JULY 29, 2022

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?

Data Architecture 87

Data Architecture Data Strategy Risk Management Strategy 87