Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Markets and Markets estimates that the financial analytics market will be worth $11.4 billion in the next two years.

Data Analytics 131

Data Analytics Analytics Finance Data mining 131

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5

Data-driven 128

Data-driven Cost-Benefit Data mining Big Data 128

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Data-driven Risk 105

CIO Business Intelligence

JANUARY 21, 2025

Whereas robotic process automation (RPA) aims to automate tasks and improve process orchestration, AI agents backed by the companys proprietary data may rewire workflows, scale operations, and improve contextually specific decision-making.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The market for marketing analytics technology is growing nearly 14% a year. Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

Smart Data Collective

MAY 16, 2022

Big data is changing the future of the healthcare industry. Healthcare providers are projected to spend over $58 billion on big data analytics by 2028. Healthcare organizations benefit from collecting greater amounts of data on their patients and service partners. However, data management is just as important.

Data-driven 126

Data-driven Data Processing Insurance Big Data 126

Smart Data Collective

FEBRUARY 28, 2022

There is no question that advances in data technology have led to some major changes in the financial industry. A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. Data-Driven Strategies to prevent ACH Fraud.

Data-driven 122

Data-driven Strategy Big Data Cost-Benefit 122

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. Companies are projected to spend nearly $12 billion on financial analytics services by 2028. There are many great benefits of using data analytics to improve financial management strategies.

Data Analytics 128

Data Analytics Optimization Analytics Cost-Benefit 128

CIO Business Intelligence

MAY 24, 2022

Data has always been fundamental to business, but as organisations continue to move to Cloud based environments coupled with advances in technology like streaming and real-time analytics, building a data driven business is one of the keys to success. There are many attributes a data-driven organisation possesses.

Data-driven 98

Data-driven Data Lake Data Warehouse Machine Learning 98

Smart Data Collective

JANUARY 26, 2022

Law firms are expected to spend over $9 billion on legal analytics technology by 2028. But what is legal analytics? Last year, we published an article on the ways that big law and big data are intersecting. We have had time to observe some major developments of legal analytics over the last year. What is Legal Analytics?

Data Analytics 103

Data Analytics Analytics Predictive Analytics Insurance 103

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Data-driven 150

Cloudera

MAY 30, 2024

The financial services industry is undergoing a significant transformation, driven by the need for data-driven insights, digital transformation, and compliance with evolving regulations. What are some of the reasons that TAI Solutions’ customers choose Cloudera?

Data Analytics 81

Data Analytics Risk Management Analytics Digital Transformation 81

Smart Data Collective

OCTOBER 3, 2023

Healthcare providers are investing more heavily in big data technology, as they strive to deal with growing challenges such as declining operating margins and an increasingly complex regulatory environment. However, many healthcare providers lack the technology or knowledge to use data prudently.

Data Strategy 130

Data Strategy Strategy Insurance Data-driven 130

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Such human frailties are not an issue for AI-driven systems. The more efficient you can be, the less time and money you spend on a task.

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

Smart Data Collective

DECEMBER 1, 2022

The world of big data is constantly changing and evolving, and 2021 is no different. As we look ahead to 2022, there are four key trends that organizations should be aware of when it comes to big data: cloud computing, artificial intelligence, automated streaming analytics, and edge computing. The Rise of Streaming Analytics.

Big Data 145

Big Data Internet of Things Data-driven Deep Learning 145

CIO Business Intelligence

JANUARY 9, 2025

With data central to every aspect of business, the chief data officer has become a highly strategic executive. Todays CDO is focused on helping the organization leverage data as a business asset to drive outcomes. Even when executives see the value of data, they often overlook governance.

Risk 90

Risk Business Driver Data-driven Strategy 90

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling.

Insurance 52

Insurance Deep Learning Risk Data-driven 52

Smart Data Collective

MARCH 8, 2021

According to a forecast by IDC and Seagate Technology, the global data sphere will grow more than fivefold in the next seven years. The total amount of new data will increase to 175 zettabytes by 2025 , up from 33 zettabytes in 2018. This ever-growing volume of information has given rise to the concept of big data. Maintenance.

Big Data 143

Big Data Management Predictive Analytics Statistics 143

Smart Data Collective

NOVEMBER 17, 2021

Data analytics has become a crucial element of the financial industry. Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. The market for financial analytics services is expected to be worth $14 billion by 2026. Pros of Investing in Stocks.

Analytics 131

Analytics Big Data Data-driven Marketing 131

Smart Data Collective

MAY 3, 2021

Big data has played a huge role in the evolution of employment models. Big data has made the gig economy stronger than ever and helped many people find new employment. Data savvy freelancers that understand concepts like self-tracking can get a lot more value out of their work. 2 Saves time and cost with machine learning.

Big Data 130

Big Data Data mining Cost-Benefit Insurance 130

Smart Data Collective

FEBRUARY 28, 2023

Data analytics technology has had a profound impact on the state of the financial industry. A growing number of financial institutions are using analytics tools to make better investing decisions and insurers are using analytics technology to improve their underwriting processes.

Analytics 126

Analytics Data mining Finance Analytics Technologies 126

Cloudera

JULY 21, 2021

In the build-up to this year’s Data Impact Awards, we’re looking back at last year’s winners. Last year’s awards saw OVO crowned as Data Champions. OVO – 2020’s Data Champion award winner . And where over 95% of the population find themselves without private insurance.

Insurance 94

Insurance Data-driven Machine Learning Marketing 94

Smart Data Collective

MAY 30, 2019

Big data is changing the direction of customer service. They rely on big data to better serve customers. Namee Jani wrote a fascinating article on chatbots and data analytics last year. She said they are the next big thing in business optimization in her article on Towards Data Science. What else can a chatbot do?

Big Data 102

Big Data Machine Learning Insurance Data-driven 102

CIO Business Intelligence

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Cold: On-prem infrastructure As they did in 2022, many IT leaders are reducing investments in data centers and on-prem technologies. “We

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

MARCH 31, 2022

The chief data officer (CDO) is a senior executive responsible for the utilization and governance of data across the organization. While the chief data officer title is often shortened to CDO, the role should not be confused with that of the chief digital officer , which is also frequently referred to as CDO.

Consulting 134

Consulting Data Strategy Strategy Data Governance 134

CIO Business Intelligence

JANUARY 19, 2023

The research, conducted by International Data Corporation (IDC) and commissioned by SUSE surveyed 838 respondents in 11 Asia/Pacific countries across a range of industries such as financial services and insurance, telecommunications, and government.

Software 137

Software Enterprise Digital Transformation Insurance 137

Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

Big Data 140

Big Data Manufacturing Risk Insurance 140

CIO Business Intelligence

DECEMBER 10, 2024

Data and AI need to be at the core of this transformation. Most firms, however, have not yet developed this level of digital maturity within their own operations, or the wherewithal to implement data- and AI-driven operational transformations within their portfolio companies.

Uncertainty 97

Uncertainty Data-driven Marketing Insurance 97

CIO Business Intelligence

SEPTEMBER 10, 2024

One such area that’s getting more thought today is SaaS backup and recovery, something many CIOs have to date taken for granted, leaving it to their SaaS vendors to not only deliver better than five-nines uptime but also be the sole entities backing up and recovering SaaS-siloed data that is increasingly vital to companies’ data-driven operations.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

AWS Big Data

DECEMBER 4, 2024

In today’s data-driven world , organizations are constantly seeking efficient ways to process and analyze vast amounts of information across data lakes and warehouses. SageMaker Lakehouse gives you the flexibility to access and query your data in-place with all Apache Iceberg compatible tools and engines.

Data Lake 112

Data Lake Metadata Insurance Data-driven 112

CIO Business Intelligence

APRIL 22, 2024

“But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’” Heeding the call for business-driven IT Scavuzzo is not alone in his quest to create a business-driven IT department.

IT 126

IT Data-driven Strategy Consulting 126

AWS Big Data

JANUARY 30, 2023

Many customers need an ACID transaction (atomic, consistent, isolated, durable) data lake that can log change data capture (CDC) from operational data sources. There is also demand for merging real-time data into batch data. The Delta Lake layer ensures ACID compliance of the source data.

Insurance 93

Insurance Data Lake Data-driven Management 93

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Insurance 77

Insurance Data Warehouse Data-driven Unstructured Data 77

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

Sisense

MAY 4, 2020

Data’s more influential than ever, but just how much data is there? In The Wide World of Data , we dig into astonishing facts and trends about the size and growth of the datasphere, how data is being used, and how it truly makes up the entire world around us. Information about the size and growth of data is abundant.

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78

AWS Big Data

AUGUST 13, 2024

Amazon DataZone has announced a set of new data governance capabilities—domain units and authorization policies—that enable you to create business unit-level or team-level organization and manage policies according to your business needs. Organizations can adopt different approaches when defining and structuring domains and domain units.

Data Governance 115

Data Governance Metadata Enterprise Sales 115

Smart Data Collective

MAY 11, 2023

The good news is that big data technology is helping banks meet their bottom line. Therefore, it should be no surprise that the market for data analytics is growing at a rate of nearly 23% a year after being worth $744 billion in 2020. Big data can help companies in the financial sector in many ways.

Data mining 116

Data mining Big Data Sales Cost-Benefit 116