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. Information management mitigates the risk of errors.

Big Data 104

Big Data Management Data Quality Cost-Benefit 104

Smart Data Collective

MARCH 3, 2021

Experienced lawyers can become proficient at predicting the outcome and duration, but that comes after many bad guesses that cost them money. Data analytics is popular in many industries for monitoring customer behavior and helps companies make informed decisions. The impact of predictive modelling on personal injury cases.

Analytics 126

Analytics Big Data Predictive Modeling Insurance 126

IBM Big Data Hub

FEBRUARY 14, 2024

Clean up with predictive maintenance AI can be used for predictive maintenance by analyzing data directly from machinery to identify problems and flag required maintenance. Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies.

Cost-Benefit 92

Cost-Benefit Insurance Unstructured Data Machine Learning 92

FineReport

APRIL 9, 2024

Healthcare data governance plays a pivotal role in ensuring the secure handling of patient data while complying with stringent regulations. The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

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. Depending on what you are trying to accomplish, you will need a predictive or inferential, supervised or unsupervised or a parametric or nonparametric model.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

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. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. Control Operational Costs.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

Cloudera

JANUARY 5, 2023

Recent years have seen organizations generating unprecedented volumes of data as a by-product of their digitalization activities and increasing digital customer touch points. 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

datapine

OCTOBER 11, 2023

It allows for informed decision-making and efficient risk mitigation. With the help of the right KPI tools , managers can not only get a real-time view of their warehouse performance but also go deeper into the data and extract powerful insights to improve their strategies, boost productivity, and use resources smartly.

Metrics 217

Metrics KPI Management Cost-Benefit 217

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

AWS Big Data

MARCH 27, 2024

Achieving this will also improve general public health through better and more timely interventions, identify health risks through predictive analytics, and accelerate the research and development process.

Data Analytics 87

Data Analytics Analytics Data Warehouse Data Lake 87

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

Decision Management Solutions

FEBRUARY 25, 2019

To keep processing costs low, many insurance carriers have a goal to increase the percentage of their claims that can be processed and decisioned with no human decision-making involved. Perhaps surprisingly, there remains a fair amount of human intervention involved in processing insurance claims.

Insurance 40

Insurance Management Machine Learning Modeling 40

Domino Data Lab

JUNE 2, 2019

She had much to say to leaders of data science teams, coming from perspectives of data engineering at scale. And by “scale” I’m referring to what is arguably the largest, most successful data analytics operation in the cloud of any public firm that isn’t a cloud provider. Because of compliance. Worse than flipping a coin!

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Smart Data Collective

DECEMBER 12, 2020

These analytics are much more accurate and include more data that allows better predictive models to be created. These things can end up resulting in much more precision in predictions which can help to minimize the risk associated with making financial trading decisions. Risk Assessment.

Big Data 136

Big Data Machine Learning Finance Predictive Modeling 136

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Would really like to explore this one in debate.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52