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A Detailed Introduction on Data Lakes and Delta Lakes

Analytics Vidhya

This article was published as a part of the Data Science Blogathon. Introduction A data lake is a central data repository that allows us to store all of our structured and unstructured data on a large scale.

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3 key digital transformation priorities for 2024

CIO Business Intelligence

Improving search capabilities and addressing unstructured data processing challenges are key gaps for CIOs who want to deliver generative AI capabilities. But 99% also report technical challenges, listing integration (68%), data volume and cleansing (59%), and managing unstructured data (55% ) as the top three.

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What Are the Industries That Benefit Most from Big Data?

Smart Data Collective

In general, Big Data can help businesses in all fields – it’s not something reserved for tech companies. However, some industries have more to benefit from Big Data than others and have reached impressive milestones because data science and data analytics have helped them streamline their operations. Healthcare.

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Leveraging user-generated social media content with text-mining examples

IBM Big Data Hub

One of the best ways to take advantage of social media data is to implement text-mining programs that streamline the process. 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.

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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

One of the specific AI use case in FS has been Fraud Management, which triggers alerts when seemingly contradictory spending patterns are observed. AI can assess quantitative data, as well as unstructured data systems, for better risk management of financial and reputational losses. Learn MORE. “We

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Modeling 101: How It Works and Why It’s Important

Domino Data Lab

Models are the central output of data science, and they have tremendous power to transform companies, industries, and society. At the center of every machine learning or artificial intelligence application is the ML/AI model that is built with data, algorithms and code. This comes down to model risk management.

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NeoBanks – The New Age Tech Revolutionizing AI in Banking

bridgei2i

Today, with AI, more sophisticated rules can be developed which address the sparse data problems by factoring in alternate and behavioural data such as smart phone usage and payment behaviour. With AI, apart from the quantitative data, unstructured data systems can be assessed for risk management.