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. Spotting fraudulent cases.

Insurance 135

Insurance Cost-Benefit Big Data Unstructured Data 135

CIO Business Intelligence

JANUARY 16, 2024

At Fidelity, early returns are proving fruitful for cost savings and increased efficiencies, said Vipin Mayar, the finserv’s head of AI innovation, at the Chief AI Officer Summit in Boston in December. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Enterprise Unstructured Data Technology 130

CIO Business Intelligence

MAY 8, 2024

Their AI engine can automatically learn data structures and relationships, simplifying the integration process and minimising the need for manual configuration. AI-powered data integration solutions are particularly effective in handling complex, unstructured data sources, such as social media feeds, sensor data, and customer interactions.

Data Integration 52

Data Integration IoT Cost-Benefit Data Quality 52

Cloudera

DECEMBER 7, 2020

These pillars are based upon personalized interactions, customer-centric merchandising, supply chain agility, and reimagining stores. As people are central to retail, we will start with insights founded on accelerating customer insight and relevance through personalized interactions. . Personalized Interactions Driven by Data.

Cost-Benefit 61

Cost-Benefit Interactive Unstructured Data Big Data 61

bridgei2i

FEBRUARY 24, 2021

In our latest episode of the AI to Impact podcast, host Monica Gupta – Manager of AI Actions, meets with Sunil Mudgal – Advisor, Talent Analytics, BRIDGEi2i, to discuss the benefits of adopting AI-powered surveillance systems in HR organizations. Many organizations today are dealing with large amounts of structured and unstructured data.

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

Smart Data Collective

APRIL 5, 2021

With individuals and their devices constantly connected to the internet, user data flow is changing how companies interact with their customers. Big data has become the lifeblood of small and large businesses alike, and it is influencing every aspect of digital innovation, including web development. What is Big Data?

Big Data 108

Big Data IT Data-driven Sales 108

Cloudera

JANUARY 5, 2021

Cloudera worked with a leading European supermarket data science team to develop an opportunity to reduce ‘last mile’ delivery costs while trying to keep the customer fulfillment promise at all costs. Reduced number of vehicles / drivers by 140 (@ $150k cost per) = $21m .

Forecasting 91

Forecasting Cost-Benefit Sales Unstructured Data 91

CIO Business Intelligence

APRIL 22, 2022

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. The difference between data analytics and data science is also one of timescale. The benefits of data science.

Data Science 140

Data Science Statistics Machine Learning Visualization 140

CIO Business Intelligence

APRIL 27, 2022

If you trained a model on data from last month or last year, the data you feed it next month or next year is going to look wildly different.”. These new advertiser challenges caused the company to develop AI models to find creators and influencers who provide more authentic, natural and non-disruptive brand-to-customer interactions.

Modeling 52

Modeling Advertising Unstructured Data Cost-Benefit 52

bridgei2i

MAY 17, 2021

AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry. AI And Process Automation.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Smart Data Collective

NOVEMBER 20, 2022

Statistics reveal that hiring a new employee costs half or two times the employee’s salary. Apart from interaction, one can store data, share documents, schedule voice and video calls, and do much more. Cloud technology can store copious amounts of structured or unstructured data and has no limit.

Technology 119

Technology Unstructured Data Strategy Cost-Benefit 119

Cloudera

DECEMBER 11, 2020

Powered and supported by Cloudera, this framework brings together disparate data sources, combining internal data with public data, and structured data with unstructured data. It can also prevent unauthorized data access, decrease operational costs, and greatly increase business agility for multiple users.

Data Lake 98

Data Lake Cost-Benefit Unstructured Data Data Governance 98

FineReport

OCTOBER 25, 2021

As it transforms your business into data-driven one, data could thus exploit their intrinsic value to the fullest by visualizations. I am sure no staff is willing to endure colossal, unstructured data processing as it is time-consuming and boring. How to Create Your Own Data Dashboard—Guidance. No need to worry.

Dashboards 98

Dashboards KPI Visualization Key Performance Indicator 98

AWS Big Data

MARCH 25, 2024

AWS Glue can interact with streaming data services such as Kinesis Data Streams and Amazon MSK for processing and transforming CDC data. This data store provides your organization with the holistic customer records view that is needed for operational efficiency of RAG-based generative AI applications.

Data Lake 93

Data Lake Unstructured Data Management Modeling 93

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. In general, Big Data can help businesses in all fields – it’s not something reserved for tech companies. The post What Are the Industries That Benefit Most from Big Data?

Big Data 85

Big Data Recreation/Entertainment Cost-Benefit Finance 85

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. A sample data warehousing project.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Role of Software Development in Big Data.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

Smart Data Collective

DECEMBER 14, 2019

It allows leaders and innovators to explore and reach new levels of competitive advantages and save cost and time for both the company and the client. AI and big data are helping large companies already in optimizing many areas with smoother delivery and improved productivity. What is Big Data? Problem-solving.

Big Data 65

Big Data Cost-Benefit B2B Sales 65

FineReport

APRIL 26, 2023

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Ontotext

DECEMBER 1, 2023

Sumit started his talk by laying out the problems in today’s data landscapes. One of the major challenges, he pointed out, was costly and inefficient data integration projects. Lance introduced himself as an ”engineer who avoided databases at all cost before discovering SPARQL”.

Metadata 78

Metadata Sales Consulting Enterprise 78

datapine

AUGUST 14, 2019

Exclusive Bonus Content: Download Our Free Data & Science Checklist! Geet our bite-sized free summary and start building your data skills! In the past, data scientists had to rely on powerful computers to manage large volumes of data. Our Top Data Science Tools. Let’s get started.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

AWS Big Data

MARCH 10, 2023

Since the deluge of big data over a decade ago, many organizations have learned to build applications to process and analyze petabytes of data. Data lakes have served as a central repository to store structured and unstructured data at any scale and in various formats.

Data Lake 105

Data Lake Sales Data Warehouse Snapshot 105

Data Insight

OCTOBER 27, 2021

However, the amount of data generated these days by both machines and humans far exceeds humans’ ability to process, interpret and utilise it effectively. Our brains simply cannot absorb data at the scale it is now being produced and captured. The benefits of AI for businesses.

Machine Learning 52

Machine Learning Insurance Cost-Benefit Unstructured Data 52

Jedox

FEBRUARY 13, 2019

While I am certainly no techie, I define AI as systems that are capable of ingesting information and instructions, learning from interactions with human beings and responding to new situations and questions in a human-like way. How Financial Planning and Analysis Benefits from AI.

IT 54

IT Finance Cost-Benefit Unstructured Data 54

Sisense

MARCH 26, 2021

Companies surveyed by Harvard Business Review Analytic Services (HBR) report that two of the most important strategic benefits of using data analytics are (1) identifying new revenue and business models and (2) becoming more innovative. 39% of companies want to identify new revenue and business opportunities with data analytics.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

Sisense

NOVEMBER 12, 2020

The boosted popularity of data warehouses has caused a misconception that they are wildly different from databases. While the architecture of traditional data warehouses and cloud data warehouses does differ, the ways in which data professionals interact with them (via SQL or SQL-like languages) is roughly the same.

Data Warehouse 52

Data Warehouse Data Lake OLAP Data-driven 52

IBM Big Data Hub

SEPTEMBER 13, 2023

This is especially important in customer interactions. For example, when a customer contacts the business via chat, email or social media, that text or voice recording is unstructured data that needs to be collected and analyzed as part of the interaction.

Digital Transformation 101

Digital Transformation Consulting Unstructured Data Recreation/Entertainment 101

O'Reilly on Data

SEPTEMBER 19, 2023

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” ” I’ve called out the data field’s rebranding efforts before; but even then, I acknowledged that these weren’t just new coats of paint. .” The elephant was unstoppable.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247

Ontotext

MAY 22, 2023

This is the case with the so-called intelligent data processing (IDP), which uses a previous generation of machine learning. LLMs do most of this better and with lower cost of customization. So what are the benefits of a knowledge graph-based CMS for enterprises?

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

Cloudera

NOVEMBER 14, 2023

According to the Center for American Progress , “The costs to the US associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP.” percent of GDP Raises the costs of crime by 1.3 Here are some real-world ways data and AI can serve the underserved.

Cost-Benefit 74

Cost-Benefit Unstructured Data Data-driven Risk 74

Domino Data Lab

JANUARY 21, 2021

This blog explores the challenges associated with doing such work manually, discusses the benefits of using Pandas Profiling software to automate and standardize the process, and touches on the limitations of such tools in their ability to completely subsume the core tasks required of data science professionals and statistical researchers.

Statistics 106

Statistics Unstructured Data Data Science Predictive Modeling 106

Sisense

JUNE 30, 2020

Data visualization can either be static or interactive. Interactive visualizations enable users to drill down into data and extract and examine various views of the same dataset, selecting specific data points that they want to see in a visualized format. The role of visualizations in analytics.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

Cloudera

AUGUST 20, 2021

Legal and Regulatory Requirements: CDP delivers data products to address complex and continuously evolving legal and regulatory requirements by offering a programmatic way to dynamically manage data permissions at a granular level by type of data asset and for different roles / users interacting with and manipulating those data assets. .

Strategy 96

Strategy Cost-Benefit Visualization Data Warehouse 96

Sisense

MARCH 30, 2020

By 2021, Gartner predicts that NLP and conversational analytics will boost adoption of analytics and business intelligence from 35% of employees to over 50%, mostly because the historical challenges of understanding data are now easier. This enables a new class of users, front-office workers, to benefit.

Cost-Benefit 92

Cost-Benefit Unstructured Data Marketing Reporting 92

Cloudera

OCTOBER 26, 2020

The validation of both solutions functioning as intended will benefit our joint customers with better support, reduced risk, and lower total cost of ownership (TCO). . Relevance-based text search over unstructured data (text, pdf,jpg, …). Better fit for Data Mart migration use cases (interactive, BI style queries).

Testing 86

Testing Cost-Benefit Unstructured Data Big Data 86

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 76

Data Lake Cost-Benefit Digital Transformation Risk 76

AWS Big Data

FEBRUARY 22, 2023

In this post, we show how Ruparupa implemented an incrementally updated data lake to get insights into their business using Amazon Simple Storage Service (Amazon S3), AWS Glue , Apache Hudi , and Amazon QuickSight. We also discuss the benefits Ruparupa gained after the implementation. Let’s look at each main component in more detail.

Data Lake 52

Data Lake Dashboards Cost-Benefit Metadata 52