Smart Data Collective

MAY 3, 2021

Big data has played a huge role in the evolution of employment models. There are a lot of gig sites that use complex data mining tools that make it easier to find new prospects. #2 2 Saves time and cost with machine learning. New cost-structure models use complex machine learning algorithms to improve efficiency. #3

Big Data 122

Big Data Data mining Cost-Benefit Insurance 122

Smart Data Collective

AUGUST 29, 2022

Did you know that 53% of companies use data analytics technology ? Machine Learning Helps Companies Get More Value Out of Analytics. There are a lot of benefits of using analytics to help run a business. You will get even more value out of analytics if you leverage machine learning at the same time.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Smart Data Collective

AUGUST 7, 2019

We have talked extensively about the fields that rely most heavily on big data. The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry.

Big Data 76

Big Data Insurance Cost-Benefit Risk 76

AWS Big Data

MARCH 27, 2024

It provides low-latency, high-speed ingestion of streaming data from Kinesis Data Streams and Amazon MSK. It lowers the effort required to have data ready for analytics workloads, lowers the cost of running such workloads on the cloud, and decreases the operational burden of maintaining the solution.

Data Analytics 93

Data Analytics Analytics Data Warehouse Data Lake 93

IBM Big Data Hub

APRIL 4, 2024

It may be hosted in-house within a company’s physical location, in an off-site data center on infrastructure owned or rented by a third party, or in a public cloud service provider’s (CSP’s) infrastructure in one of their data centers. Adobe Creative Suite, Slack).

Data Processing 93

Data Processing Cost-Benefit Software Digital Transformation 93

Smart Data Collective

JUNE 30, 2022

Smart companies realize that analytics technology needs to be at the core of their business models. One of the most important ways that analytics can help companies thrive is by improving their logistics. Analytics Technology Helps Companies Bolster their Logistics Strategies. It is also a case of business survival”.

Analytics 110

Analytics Cost-Benefit Analytics Technologies Big Data 110

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

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 103

Data-driven Cost-Benefit Data mining Big Data 103

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. Here’s what’s involved in making that happen.

Cost-Benefit 77

Cost-Benefit Metadata Data Governance Modeling 77

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. This is especially so in industries like telecom, retail, healthcare, manufacturing, insurance, and financial services.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

MAY 24, 2022

Organisations have to contend with legacy data and increasing volumes of data spread across multiple silos. To meet these demands many IT teams find themselves being systems integrators, having to find ways to access and manipulate large volumes of data for multiple business functions and use cases. THE GROWTH OF DATA.

Data-driven 75

Data-driven Data Lake Data Warehouse Cost-Benefit 75

Smart Data Collective

SEPTEMBER 28, 2022

For example, if you want to know what products customers prefer when shopping at your store, you can use big data analytics software to track customer purchases. Big data analytics can also help you identify trends in your industry and predict future sales. Big data management increases the reliability of your data.

Big Data 104

Big Data Management Data Quality Cost-Benefit 104

CIO Business Intelligence

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). The company will also shift investments toward using AI “as an outsourcing model” to free up human capital, Skinner adds.

IT 145

IT Insurance Machine Learning Marketing 145

Smart Data Collective

FEBRUARY 28, 2022

A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. The market size for financial analytics services is currently worth over $25 billion. Benefits of ACH payments. Here are seven benefits of ACH payments.

Data-driven 92

Data-driven Strategy Big Data Cost-Benefit 92

Smart Data Collective

FEBRUARY 2, 2021

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. The implementation of Big Data has huge potential in the healthcare industry , and the past few years are only the beginning. Healthcare.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’”

IT 95

IT Data-driven Strategy Consulting 95

AWS Big Data

FEBRUARY 21, 2023

Data warehouses are mostly built using the dimensional model approach, which has consistently met business needs. Additionally, scalability of the dimensional model is complex and poses a high risk of data integrity issues. What is a dimensional data model?

Data Warehouse 66

Data Warehouse Data Lake Cost-Benefit Modeling 66

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. All models are not made equal. Universally, models have a basis in statistics and probability, from linear regression to decision trees to support vector machines.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. DL, a subset of ML, excels at understanding context and generating human-like responses.

Enterprise 96

Enterprise Interactive Data-driven Key Performance Indicator 96

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. No surprise, then, that 97.2%

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste. How do they benefit you?

IT 52

IT Experimentation Scorecard Digital Transformation 52

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Where does the Data Architect role fits in the Operational Model ? Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Sisense

OCTOBER 29, 2020

“These computers need to get smaller so that processing can be done in the car itself — this is important to reduce the amount of time lag and the cost of transferring data to the cloud.”. For example, is it OK if a fleet of AVs collect license plate data to track down a vehicle that’s involved in an Amber Alert? Advertising?

Machine Learning 90

Machine Learning Data Collection Cost-Benefit Advertising 90

Sisense

DECEMBER 11, 2019

We hosted over 150 people from more than 100 companies, who gathered to learn why data can supercharge their companies and how harnessing the huge power of data can take business from startup to unicorn. Scott whisked us through the history of business intelligence from its first definition in 1958 to the current rise of Big Data.

Data Lake 80

Data Lake Big Data Sales Data-driven 80

Jet Global

AUGUST 27, 2021

As long as you’re careful about who has access to the database admin password, and you apply the appropriate security measures and make regular backups, you can rest assured that your data is safe and secure. That has the benefits of being both fast and very straightforward. That, in turn, creates long-term costs for your business.

Reporting 98

Reporting Recreation/Entertainment Data Warehouse Dashboards 98