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The Rise of Unstructured Data

Cloudera

Here we mostly focus on structured vs unstructured data. In terms of representation, data can be broadly classified into two types: structured and unstructured. Structured data can be defined as data that can be stored in relational databases, and unstructured data as everything else.

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Retailers can tap into generative AI to enhance support for customers and employees

IBM Big Data Hub

Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content. This unstructured data forms the backbone for creating models and the ongoing training of generative AI, so it can stay effective over time.

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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

But only in recent years, with the growth of the web, cloud computing, hyperscale data centers, machine learning, neural networks, deep learning, and powerful servers with blazing fast processors, has it been possible for NLP algorithms to thrive in business environments. NLP will account for $35.1 Putting NLP to Work.

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Adoption of Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. Sometimes due to excessive volume of data, an underwriter can get confused and is unable to measure risk appropriately. Importance of capturing market data for optimized pricing models. if all the information is provided by client or not).

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

IBM Big Data Hub

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

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Top Data Science Tools That Will Empower Your Data Exploration Processes

datapine

To fully leverage the power of data science, scientists often need to obtain skills in databases, statistical programming tools, and data visualizations. But being an inquisitive Sherlock Holmes of data is no easy task. In the past, data scientists had to rely on powerful computers to manage large volumes of data.