Smart Data Collective

JUNE 19, 2019

As such, you should concentrate your efforts in positioning your organization to mine the data and use it for predictive analytics and proper planning. The Relationship between Big Data and Risk Management. Tips for Improving Risk Management When Handling Big Data. Risk Management Applications for Analyzing Big Data.

Risk Management 70

Risk Management Risk Management Big Data 70

Smart Data Collective

NOVEMBER 10, 2019

Predictive analytics is essential in modern email threat prevention. The IEEE created a report titled Identifying Email Threats Using Predictive Analytics , which shed a lot of light on this complicated issue. How is Predictive Analytics Revamping Email Security? Use a Password Generator/Manager.

Predictive Analytics 55

Predictive Analytics Analytics Enterprise Strategy 55

CIO Business Intelligence

APRIL 8, 2024

Improving player safety in the NFL The NFL is leveraging AI and predictive analytics to improve player safety. Risk Mitigation Modeling can then be used to analyze training data and determine a player’s ideal training volume while minimizing injury risk. Souza’s advice: Cultivate curiosity.

Analytics 102

Analytics Broadcasting Predictive Analytics Metrics 102

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 71

ROI Data Analytics Analytics Risk Management 71

datapine

MARCH 8, 2021

One of the most striking elements of healthcare reporting and analytics is the ability to harness the power of historical and current data to spot potentially fatal medical issues in patients before they occur. This is a testament to the essential role of predictive analytics in the sector. Disease monitoring.

Reporting 198

Reporting KPI Management Cost-Benefit 198

datapine

OCTOBER 21, 2020

If you put on too many workers, you run the risk of having unnecessary labor costs add up. For example, if a patient’s blood pressure increases alarmingly, the system will send an alert in real-time to the doctor who will then take action to reach the patient and administer measures to lower the pressure. on a permanent basis.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Cloudera

JUNE 23, 2021

Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. Climate change can also impact the insurance carrier as an enterprise itself—similarly to cyber risks, insurers underwrite cyber risks for their customers, as well as manage their own risks and exposure as a company.

Insurance 52

Insurance Risk Modeling Risk Management 52

Smart Data Collective

SEPTEMBER 6, 2023

Many financial institutions are already using these types of predictive analytics models to fight fraud. Furthermore, the tactics used by fraudsters are constantly evolving, making it difficult for traditional security measures to keep pace. This is where e-commerce fraud software comes into play.

Software 104

Software Digital Transformation Measurement Predictive Analytics 104

datapine

OCTOBER 11, 2023

A Warehouse KPI is a measurement that helps warehousing managers to track the performance of their inventory management, order fulfillment, picking and packing, transportation, and overall operations. It allows for informed decision-making and efficient risk mitigation. Let’s dive in with the definition. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

datapine

NOVEMBER 27, 2019

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. Industries harness predictive analytics in different ways.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

BizAcuity

APRIL 1, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. In fact, online casinos as an industry carries the biggest risk of money laundering. There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. In fact, online casinos as an industry carries the biggest risk of money laundering. There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Smart Data Collective

SEPTEMBER 30, 2022

While “the dark side” of anything certainly has a sinister ring to it, the many risks and dangers linked with big data are often overlooked and treated as minor issues. Big data analytics makes it hard for any firm to keep any data files completely anonymous. Breaches That Result in Obstruction of Privacy.

Big Data 136

Big Data Data-driven Risk Measurement 136

CIO Business Intelligence

JUNE 7, 2022

Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes.

Data Analytics 132

Data Analytics Diagnostic Analytics Management Analytics 132

FineReport

APRIL 9, 2024

The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance. Furthermore, maintaining data security and compliance requires continuous vigilance and proactive measures to safeguard against potential vulnerabilities.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

IBM Big Data Hub

JUNE 29, 2023

First, availability measures the operational capacity of an asset over time. While reliability and availability are both measured in percentages, it’s possible—even likely—that these percentages will differ even when referring to the same piece of equipment.

Cost-Benefit 83

Cost-Benefit Measurement Management Predictive Analytics 83

datapine

AUGUST 29, 2022

However, don’t be deceived – just as you don’t need to be a literal startup to gain a lot of value from Eric Ries’ work, companies of all sizes and shapes can learn a lot of valuable information from “Lean Analytics”. 7) Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die by Eric Siegel.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

CIO Business Intelligence

MARCH 14, 2022

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. but how deep is that coverage?

Uncertainty 92

Uncertainty Measurement Cost-Benefit Optimization 92

Smart Data Collective

MARCH 12, 2020

Predicting Future Fires. One of the most obvious uses of data analytics and fire safety is predicting future fires. Predictive analytics is one of the main uses of big data. The more problems that are identified and addressed, the lower the cumulative risk of fire involving targeted properties.

Data Analytics 92

Data Analytics Analytics Big Data Key Performance Indicator 92

datapine

MAY 2, 2023

According to studies, 92% of data leaders say their businesses saw measurable value from their data and analytics investments. Your Chance: Want to test a professional logistics analytics software? In other words, UPS found that turning into oncoming traffic was causing a lot of delays, wasted fuel, and increased safety risk.

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Cloudera

JULY 19, 2022

The dynamic and interconnected world of global ecommerce, crypto currencies, and alternative payments places increased pressure on anti-financial crime measures to keep pace and transform alongside these initiatives. billion predicted for 2022. Consumers worldwide are projected to use mobile devices to make more than 30.7

Predictive Analytics 85

Predictive Analytics Risk Machine Learning Measurement 85

Cloudera

SEPTEMBER 7, 2023

But it’s also fraught with risk. This June, for example, the European Union (EU) passed the world’s first regulatory framework for AI, the AI Act , which categorizes AI applications into “banned practices,” “high-risk systems,” and “other AI systems,” with stringent assessment requirements for “high-risk” AI systems.

Insurance 81

Insurance Risk Data-driven Finance 81

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 55

Risk Machine Learning Risk Management Measurement 55

Smarten

JULY 13, 2022

Give your line workers, customer-facing representatives and team members access to augmented analytics that are easy to use and will not frustrate them as they attempt to solve problems and identify opportunities to improve or create new ideas to improve results.

Sales 76

Sales Predictive Analytics Measurement Reporting 76

IBM Big Data Hub

JUNE 29, 2023

By integrating financial planning with strategic and operational planning, organizations can evaluate financial profitability, identify potential gaps or risks, and make necessary adjustments to achieve financial targets. Key performance indicators (KPIs) are established to measure progress and enable proactive management.

Key Performance Indicator 79

Key Performance Indicator Forecasting Data Integration Sales 79

Smart Data Collective

SEPTEMBER 28, 2022

This reduces the risk that inaccurate information will be used in your organization’s decision-making, which could result in poor business outcomes. Information management mitigates the risk of errors. Errors can be costly and time-consuming, so the more you reduce the risk of errors, the better. Conclusion.

Big Data 104

Big Data Management Data Quality Cost-Benefit 104

Smart Data Collective

JANUARY 12, 2022

Specific Ways Small Businesses Can Use Data Analytics to Resolve Financial Problems. Fraud risks. Small businesses suffer the greatest risks of fraud. A growing number of businesses are using data analytics for fraud scoring. Data analytics tools can help you figure out how to improve your credit score.

Data Analytics 116

Data Analytics Analytics Finance Data mining 116

Smarten

FEBRUARY 8, 2023

In order to succeed in market competition and increased performance, every business must consider the addition of self-serve augmented analytics for business users. Giving team members these tools assures that data is integrated and used to make fact-based decisions with measurable results.

Analytics 52

Analytics Advertising Predictive Analytics Optimization 52

IBM Big Data Hub

MAY 17, 2024

But as businesses around the globe rapidly adopt the technology to augment processes from merchandising to order management, there is some risk. These tools enable companies to proactively identify potential disruptions and mitigate risks. Generative AI’s impact on the social media landscape garners occasional bad press.

B2B 67

B2B Interactive Optimization Forecasting 67

Jedox

SEPTEMBER 10, 2020

They balanced employee health risks with commercial imperatives. They have reduced fixed costs, changed leasing arrangements, and provided financing measures as lifelines for high-grade suppliers suffering a catastrophic reduction in cash flow. In fact, “Brace! is what many CFOs may have heard at the onset of the crisis. Conclusion.

Forecasting 69

Forecasting Dashboards Measurement Risk 69

Smart Data Collective

AUGUST 24, 2021

You can use analytics tools to see what measures they have taken to bolster their security. This is possibly the most important application of data analytics tools. Lastly, you should never invest more than you are willing to lose because any investment is a risk.

Analytics 129

Analytics Data mining Analytics Technologies Predictive Analytics 129

Jet Global

APRIL 12, 2024

If you want to empower your users to make better decisions, advanced analytics features are crucial. These include artificial intelligence (AI) for uncovering hidden patterns, predictive analytics to forecast future trends, natural language querying for intuitive exploration, and formulas for customized analysis.

Analytics 52

Analytics Data-driven Dashboards Reporting 52

IBM Big Data Hub

JUNE 14, 2023

By using blockchain to track the movement of goods and materials, manufacturers can ensure that every step in the production process is transparent and secure, reducing the risk of fraud and improving accountability. Enable on-demand manufacturing to streamline inventory management processes.

Manufacturing 74

Manufacturing Technology Internet of Things Cost-Benefit 74

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. More accurate measurement of KPIs: Digital campaigns generate more data than humans can keep up with, which can make measuring the success of marketing initiatives difficult.

Marketing 81

Marketing Technology Advertising ROI 81

CIO Business Intelligence

JULY 12, 2022

Other companies try to jump-start knowledge by bringing in consultants, but this risks only temporarily plugging the gaps. At GfK , we provide consumer, market, and brand intelligence, with powerful predictive analytics. Online training is often perceived as a hassle and participants can become disengaged.

Predictive Analytics 86

Predictive Analytics Software Consulting Measurement 86

Ontotext

FEBRUARY 26, 2024

The answers to these foundational questions help you uncover opportunities and detect risks. We bundle these events under the collective term “Risk and Opportunity Events” This post is part of Ontotext’s AI-in-Action initiative aimed to empower data, scientists, architects and engineers to leverage LLMs and other AI models.

Data-driven 59

Data-driven Risk Modeling Risk Management 59

Cloudera

JUNE 22, 2023

It centralizes security threat detection and compliance monitoring, incorporating built-in measures—like on-by-default data encryption, and role-based access control (RBAC)—that eliminate the common risks inherent in legacy, siloed systems, transforming the institution’s security posture. A radically improved security posture.

Cost-Benefit 66

Cost-Benefit Digital Transformation Data Governance Unstructured Data 66