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They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Benefits of Decentralized Finance: Transparency. Cost optimization. Unstructured data.
This pace suggests that 90% of the data in the world is generated over the past two years alone. A large part of this enormous growth of data is fuelled by digital economies that rely on a multitude of processes, technologies, systems, etc. to perform B2B operations. Data has grown not only in terms of size but also variety.
The Data Platform team is responsible for supporting data-driven decisions at smava by providing data products across all departments and branches of the company. Branches range by products, namely B2C loans, B2B loans, and formerly also B2C mortgages. The departments include teams from engineering to sales and marketing.
Companies commonly maintain entire teams to facilitate the flow of data from ingestion to analysis. As online transactions have gained popularity with consumers, the volume and velocity of data ingestion has led to challenges in data processing. The consequence of delays in your organization’s analytics workflow can be costly.
According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structureddata and sometimes about 1% of their unstructured data. Why Enterprise Knowledge Graphs? The platform enables simpler and faster graph navigation.
However, this is more of an operations/procurement focused or costbenefit. A 2017 white paper produced by Harvard Business Review in collaboration with Apttus states that “B2B revenue generation processes offer huge opportunities to benefit from the (AI) technologies.”
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