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.

Big Data 143

Big Data Management Predictive Analytics Statistics 143

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

Smart Data Collective

AUGUST 7, 2022

billion on financial analytics technology this year. Most of the discussions about the role of data analytics in finance have centered around traditional financial businesses, such as insurance, mutual funds, money management and other financial institutions. How Can Data Analytics Help as a Bitcoin Trader?

Analytics 128

Analytics Data Analytics Finance Analytics Technologies 128

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

Smart Data Collective

FEBRUARY 2, 2021

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. The implementation of Big Data has huge potential in the healthcare industry , and the past few years are only the beginning.

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

CIO Business Intelligence

DECEMBER 7, 2022

For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. Gartner predicts 2023 IT spending will grow 5.1%

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

SEPTEMBER 10, 2024

Research firm Gartner predicts that, within three years, more than 75% of enterprises will prioritize backup for SaaS applications and the data stored with SaaS providers, up from 15% today. billion in 2024 and is forecast to reach nearly $300 billion in 2025, according to Gartner.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

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.

Analytics 131

Analytics Big Data Data-driven Marketing 131

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 billion in cost savings for the insurance industry as well during the same period. . Intel® Technologies Move Analytics Forward. billion globally over a five-year period, it gets noticed.

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

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. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. Control Operational Costs.

Data-driven 128

Data-driven Cost-Benefit Data mining Big Data 128

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 77

Insurance Data Warehouse Data-driven Unstructured Data 77

bridgei2i

JULY 8, 2020

And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. In the short run, this means they have to get their demand forecast right.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

CIO Business Intelligence

DECEMBER 10, 2024

Forecasts have suggested that market dynamics are changing and that the private equity is poised to expand at an annualized growth rate of 12.8% With these dual pressure points, there is an opportunity to generate outsized operational efficiency and value creation driven by data analytics and AI. to double in AUM from $5.8T

Uncertainty 97

Uncertainty Data-driven Marketing Insurance 97

datapine

OCTOBER 11, 2023

As seen in the image above, these costs can include employee salaries, taxes, insurance, storage, and even the investment opportunities that the business might be losing due to having a lot of resources tight to inventory. 3) Inventory turnover Next, in our warehouse metrics examples, we have the inventory turnover.

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

NOVEMBER 2, 2023

Enterprises that try to migrate to the cloud on their own often run into cost and time overruns because of their inexperience, says Junaid Saiyed, CTO of data analytics firm Alation, adding that organizations that adopt self-hosted cloud solutions often do not know how to optimize the cloud’s computing, automation, and financial strategies.

Strategy 140

Strategy Data Processing Experimentation Optimization 140

Smart Data Collective

SEPTEMBER 16, 2022

Valarie Romero of the Arizona Telehealth Program shared a list of five ways that big data contributes to advances in telemedicine. Some of the ways that big data is driving advances in telemedicine include the following: They can evaluate data from IoT devices and use it to forecast healthcare trends and identify individual patient needs.

Big Data 124

Big Data Cost-Benefit IoT Consulting 124

Jet Global

OCTOBER 28, 2021

Deal accelerates insightsoftware’s enterprise position in operational reporting by adding market-leading data analytics and integration products including SAP and Oracle ERP reporting solutions. portfolio of best-in-class reporting, analytics, budgeting, forecasting, consolidation, and tax solutions?to RALEIGH, N.C.

Operational Reporting 83

Operational Reporting Data-driven Finance Reporting 83

Cloudera

SEPTEMBER 15, 2022

Retail, where big data is used across all stages of the retail process—from product development, pricing, demand forecasting, and for inventory optimization in the stores. Healthcare, where big data is used for improving profitability, conducting genomic research, improving patient experience, and to save lives.

Metadata 87

Metadata Big Data Optimization Unstructured Data 87

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Nimesh Mehta might not have millions of followers on social media, yet he still considers himself an influencer.

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Note: Delivery of data, analytics solutions and the sustainment of technology, data and services is a question. Governance. Value Management or monetization. Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Sisense

OCTOBER 29, 2020

AVs of the future will require different types of storage — and lots of it — to gather data from LiDAR, radar, cameras, and other sensors as well as in-vehicle infotainment, navigation systems, and maintenance data. What if this data is also used for open warrants? For insurance company premiums? Advertising?

Machine Learning 90

Machine Learning Data Collection Cost-Benefit Advertising 90

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 91

Data Processing Cost-Benefit Software Digital Transformation 91

IBM Big Data Hub

OCTOBER 12, 2023

Accounting for the complexities of the AI lifecycle Unfortunately, typical data storage and data governance tools fall short in the AI arena when it comes to helping an organization perform the tasks that underline efficient and responsible AI lifecycle management. Learn more about IBM watsonx 1.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

IBM Big Data Hub

JUNE 15, 2023

This keeps maintenance information in one place and easily accessible to workers who must use it to perform regular maintenance activities like forecasting and replenishment. This can lead to a safer workplace environment as well as a reduction in theft—and lower insurance rates—over time.

Management 67

Management Broadcasting Cost-Benefit IoT 67

Domino Data Lab

JUNE 2, 2019

She had much to say to leaders of data science teams, coming from perspectives of data engineering at scale. And by “scale” I’m referring to what is arguably the largest, most successful data analytics operation in the cloud of any public firm that isn’t a cloud provider. Addressing cognitive bias with pre-mortems.

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. The application of big data analytics in healthcare has a lot of positive and also life-saving outcomes. 3) Real-Time Alerting.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

FineReport

APRIL 9, 2024

The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making. Through the utilization of predictive models, clinicians can forecast patient outcomes and resource needs, enabling early intervention and personalized care delivery.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

IBM Big Data Hub

FEBRUARY 14, 2024

Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies. See what’s ahead AI can assist with forecasting. Many stock market transactions use ML with decades of stock market data to forecast trends and ultimately suggest whether and when to buy or sell.

Cost-Benefit 82

Cost-Benefit Insurance Machine Learning Unstructured Data 82

CIO Business Intelligence

MAY 24, 2022

Unlocking the value of data with in-depth advanced analytics, focusing on providing drill-through business insights. Providing a platform for fact-based and actionable management reporting, algorithmic forecasting and digital dashboarding. Insurance.

Data-driven 98

Data-driven Data Lake Data Warehouse Machine Learning 98

Jet Global

JUNE 5, 2023

The same report finds that 37% of businesses think a lack of a sustainable plan for data and technology is the biggest barrier to achieving their tax and finance function’s vision. Modernizing tax tools will improve collaboration throughout the consolidation process and increase the granularity of the data available to work with.

Insurance 52

Insurance Finance Forecasting Reporting 52

Jet Global

AUGUST 27, 2021

Perhaps just as importantly, we designed Jet Reports and Jet Analytics to perform a full range of operational financial reporting tasks, as well as advanced analytical tasks.

Reporting 98

Reporting Recreation/Entertainment Data Warehouse Dashboards 98

Jet Global

JULY 14, 2022

Cash Flow Forecast. Your cash flow forecast, the ultimate goal of cash flow planning, represents cash flow for your company in a given future time period, usually 12 months. You have several ways to forecast your cash flow, which benefits your business so you can be ready for difficulties ahead when they actually happen.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

FEBRUARY 2, 2023

The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% Safety incidents lead to mounting costs, including increased insurance payments and settlements. According to Oxford Economics’ Future of Construction Report , the construction market is expected to grow by $4.5

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jet Global

FEBRUARY 14, 2022

Tax leaders recognize that their teams need entirely new technical skills, with data analytics (45%) and technology transformation (43%) at the top of their wish lists,” it says. In the second of its three-part Tax Transformation Trends series, it explains how technology will alter the skills mix required.

Finance 52

Finance Recreation/Entertainment Reporting Data-driven 52

Jet Global

MAY 25, 2023

We were delighted to be joined by our client, Savings Bank Life Insurance (SBLI), to discuss the evolution of The Office of the CFO and how technology can support better decision making. insightsoftware recently hosted a webinar on the topic of “ The Office of the CFO – A New Era: Decision Making at the Speed of Light ”.

Finance 52

Finance Technology Reporting Metrics 52