article thumbnail

NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. billion, and for insurance, the savings will approach $1.3 Data integration can also be challenging and should be planned for early in the project. .

article thumbnail

5 tips for maximizing ROI of IT projects

CIO Business Intelligence

Citing an example, Pramanik says that if the discharge process for hospital patients holding a third-party health insurance, which typically takes five to eight hours, can be brought down to one hour with the help of technology intervention, a new patient can be admitted and given that bed faster, leading to substantial business gain.

ROI 132
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

Perhaps the biggest challenge of all is that AI solutions—with their complex, opaque models, and their appetite for large, diverse, high-quality datasets—tend to complicate the oversight, management, and assurance processes integral to data management and governance. Even more training and upskilling.

article thumbnail

Big Data Ingestion: Parameters, Challenges, and Best Practices

datapine

Here are some of them: Marketing data: This type of data includes data generated from market segmentation, prospect targeting, prospect contact lists, web traffic data, website log data, etc. handle large data volumes and velocity by easily processing up to 100GB or larger files. Artificial Intelligence.

Big Data 100
article thumbnail

Create an Apache Hudi-based near-real-time transactional data lake using AWS DMS, Amazon Kinesis, AWS Glue streaming ETL, and data visualization using Amazon QuickSight

AWS Big Data

Change data capture (CDC) is one of the most common design patterns to capture the changes made in the source database and reflect them to other data stores. a new version of AWS Glue that accelerates data integration workloads in AWS.

article thumbnail

The Rising Need for Data Governance in Healthcare

Alation

More and more companies are handling such data. No matter where a healthcare organization is located or the services it provides, it will likely host data pursuant to a number of regulatory laws. General Data Protection Regulation (GDPR ): European Union law protecting data subject privacy.

article thumbnail

The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

Data integrity specialist Precisely kicked off 2022 by buying PlaceIQ, a provider of location-based consumer data. It’s hard to see what Walmart wants with the stake but Oracle has already won something from the controversy: TikTok will pay to host its US operations in Oracle’s data centers. Precisely buys PlaceIQ.