Smart Data Collective

JANUARY 30, 2024

Data analytics technology has been invaluable for businesses in all sectors in recent years. The insurance sector is no exception. In a fast-paced world where data is everything, it is imperative to manage it tactfully to get the best results when required. Using data efficiently in the insurance industry is crucial.

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Data Analytics Data Analytics Big Data 229

Smart Data Collective

JANUARY 30, 2024

The AI domain is undergoing a remarkable upswing in both expansion and inventiveness. This surge is driven by advancements across various subfields and increasing adoption in diverse sectors. Global AI market projections anticipate a substantial CAGR of 37.3% within the 2023-2030 timeframe. This translates to a projected market size of approximately $1.

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Artificial Intelligence 224

Smart Data Collective

JANUARY 18, 2024

Data analytics provides a number of benefits for human resources professionals especially in niche sectors. Data analytics helps, improve regular HR practices and streamlines decision-making processes. The biggest benefit is that it improves the recruitment and talent acquisition process, since headhunters can leverage data to identify the best candidates.

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Smart Data Collective

NOVEMBER 19, 2023

Data analytics technology has helped change the future of modern business. The ecommerce sector is among those most affected by advances in analytics. We have previously pointed out that a number of ecommerce sites are using data analytics to optimize their business models.

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Data Analytics Data Analytics 210

Smart Data Collective

NOVEMBER 19, 2023

AI technology has been one of the most disruptive technological changes of the past couple of years. One forecast reports that the market for AI will be worth over $594 billion by 2032. The growing number of people using AI services such as ChatGPT is a testament to how influential AI has become.

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Artificial Intelligence 244

Smart Data Collective

SEPTEMBER 6, 2023

Artificial intelligence technology has led to a number of major changes in digital technology. one of the biggest concerns caused by AI is the proliferation of new cybersecurity threats. Fortunately, artificial intelligence can also be highly valuable for protecting against cybersecurity challenges. One poll found that 69% of e hey Cortana it’s usually executives believe that artificial intelligence is necessary to stop the rising threat of cybercrime.

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E-Commerce Artificial Intelligence IBM Maintenance Cybersecurity 261

Smart Data Collective

AUGUST 22, 2023

Over the last decade, the need for cybersecurity has increased substantially. As technology has become more evolved, so have the cybercriminals who seek to exploit weak defenses for their own nefarious gain. While there are many ways that organizations can bolster their digital defenses and help protect their networks and the information they hold, taking a data-driven approach is critical in our rapidly advancing world.

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Smart Data Collective

AUGUST 14, 2023

Big data has significantly changed countless industries around the world. The pharmaceutical industry is no exception. One of the biggest ways that big data is changing the pharmaceutical industry is that it is changing the nature of drug regulatory agencies. The changes brought on by big data have already had a huge impact on the pharmaceutical regulatory landscape in Europe and will continue to change the way regulators in other countries operate.

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Big Data Pharmaceutical Documentation Healthcare 189

Smart Data Collective

AUGUST 17, 2023

Big data can be used in various industries, including HR. One of the biggest benefits of big data in HR is that it can help bolster employee engagement. As 2023 approaches the final third of its year, the paradigm of workplace happiness is experiencing a deep shift, owing to tremendous changes in work dynamics, employee expectations, and technology breakthroughs.

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Data Analytics Data Analytics Big Data Human Resource Management 193

Smart Data Collective

JUNE 8, 2023

The field of academia is more dependent on big data than ever before. Educational institutions reportedly spent over $13 billion on big data in 2020. Expenditures on big data in academia are projected to be worth over $57 billion by 2030. As colleges and other educational institutions invest more heavily in big data, they are going to take advantage of different forms of technology that help them leverage it more effectively.

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Smart Data Collective

JUNE 8, 2023

We have talked extensively about the many industries that have been impacted by big data. many of our articles have centered around the role that data analytics and artificial intelligence has played in the financial sector. However, many other industries have also been affected by advances in big data technology. The sports industry is among them. The Sports Analytics Market is expected to be worth over $22 billion by 2030.

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Data Analytics Data Analytics Artificial Intelligence Big Data 205

Smart Data Collective

MAY 16, 2023

AI technology has taken off over the past year. While many discussions center around ChatGPT , some of the most critical developments in AI can be seen with mobile devices. Android, in particular, is one of the most popular smartphones that 2.5 billion people worldwide use. David Curry of Business of Apps points out that the market for Android apps is massive since around 75% of all smartphone users have Androids.

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Smart Data Collective

APRIL 18, 2023

Marketing is becoming more science than art due to digitization. Data-savvy marketers have access to valuable insights into their customers, performance, and opportunities for improvement. Marketing departments that don’t embrace analytics risk being outpaced by competitors and consumer expectations. A recent survey found that 73% of consumers expect marketers to anticipate their needs.

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Data Analytics Data Analytics Digital Big Data 248

Smart Data Collective

APRIL 18, 2023

We have talked extensively about the benefits of using AI technology in marketing. One benefit we haven’t covered has been the use of AI to create amazing PowerPoint presentations. AI Makes it Easier than Ever to Create Amazing PowerPoint Presentations and Convert them to More Usable File Types AI tools such as Designs.ai can help you create beautiful presentation slides and templates that use A.I. technology.

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Documentation Digital Transformation Digital Planning 248

Smart Data Collective

APRIL 13, 2023

Resilient IT teams are better capable of incorporating changes, they’re more flexible in the face of adversity, and they can achieve more and less time. Building a resilient IT team during an economic downturn seems like an impossible challenge, especially if you’re facing budget limitations and staffing shortages. So, how can you approach it?

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Smart Data Collective

APRIL 4, 2023

Cloud technology has become increasingly important for businesses in all parts of the economy. Zippia reports that 48% of businesses store their most important data on the cloud and 60% of all corporate data is on the cloud. The growing popularity of cloud solutions is not surprising. After all, there are clearly a number of major benefits of cloud computing.

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Smart Data Collective

APRIL 4, 2023

The market for cloud computing is growing faster than we originally anticipated when we started running this blog. A report by Fortune Business Insights states that the market for cloud solutions reached $480 billion last year. Many people are still trying to get a better understanding of the possible applications of cloud technology. We usually think about the merits of using cloud computing in a traditional office setting.

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Cloud Computing Big Data Planning 206

Smart Data Collective

MARCH 8, 2023

Data breaches are becoming more common every day. Last year, there were 1,802 data breaches that affected over 420 million Americans. Some of the companies reporting data breaches are among those that you would least expect. The restaurant industry has been surprisingly affected by data breaches in recent years. Earlier this week, Chick-fil-A announced that many customers were affected after hackers gained access to their data.

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Smart Data Collective

MARCH 3, 2023

Business intelligence has made a huge mark on the world of business. According to Fortune Business Insights, businesses spent around $24.05 billion BI solutions in 2021. However, many workplaces are still trying to figure out how to leverage business intelligence effectively. This technology offers many potential benefits, but many companies don’t fully take advantage of the opportunities it provides.

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Smart Data Collective

MARCH 3, 2023

To some extent, business is a practice in trial and error. You start with a business plan and try to cover all your bases. Then, you make adjustments based on what’s working within your business model— and what isn’t. Sometimes, however, the factors that are slowing down your business’s growth aren’t obvious. It’s important to get an objective look at where there are shortcomings in your business model.

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Planning Big Data Business Intelligence Business Intelligence 208

Smart Data Collective

DECEMBER 4, 2022

We have previously emphasized the huge benefits that big data plays in the financial industry. The global financial analytics market is projected to be worth $17.1 billion by 2028. Most of the discussions about the role of big data in finance center around actuarial models in the insurance sector and using data analytics and machine learning for stock market predictions.

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Big Data Finance Data Analytics Data Analytics 289

Smart Data Collective

SEPTEMBER 28, 2022

Last year, HubSpot published an article on the benefits of using AI for call center management. More businesses are taking advantage of this opportunity. Automated outbound calls can save you a lot of time and money as an organization, by automating the frequently repeated calling processes. For instance, having your phone system automatically ask a user for their basic information can be much more efficient than having your agents do the same.

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User Experience Digital Artificial Intelligence 309

Smart Data Collective

SEPTEMBER 28, 2022

Did you know that around 2.5 quintillion bytes of data are generated each day? Businesses are having a difficult time managing this growing array of data, so they need new data management tools. Data management is a growing field, and it’s essential for any business to have a data management solution in place. A data management solution helps your business run more efficiently by making sure that your data is reliable and secure.

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Big Data Data Management Data Quality Healthcare 262

Smart Data Collective

SEPTEMBER 29, 2022

OCR is the latest new technology that data-driven companies are leveraging to extract data more effectively. There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. Big data is changing the state of modern business. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations.

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Data Quality Artificial Intelligence Documentation Big Data 337

Smart Data Collective

SEPTEMBER 29, 2022

Big data has changed the marketing profession in extraordinary ways. Global companies spent over $3.2 billion on marketing analytics software last year. This figure is expected to grow in the future. There are many different ways that marketers can leverage data analytics to create successful marketing strategies. One of the biggest benefits is in the realm of email marketing.

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Big Data Data Analytics Data Analytics 322

Smart Data Collective

SEPTEMBER 29, 2022

AI has become one of the most important gamechangers for businesses and customers relying on mobile technology. This is one of the reasons companies are spending over $328 billion on AI technology. One of the many reasons that AI is changing the landscape of mobile technology is that it helps develop and distribute apps more easily than ever. We previously talked about some of the ways that AI is making it easier to develop new mobile apps.

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E-Commerce User Experience Artificial Intelligence 312

Smart Data Collective

SEPTEMBER 30, 2022

Given the growing importance of big data and the rising reliance of businesses on big data analytics to carry out their day-to-day operations, it is safe to say that big data has irrevocably altered the online world for anyone running a digital enterprise or an e-business. Big data’s invaluable insights are an essential factor in the success of enterprises.

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Big Data Cybersecurity Data Analytics Data Analytics 338

Smart Data Collective

SEPTEMBER 30, 2022

The market for cloud technology is growing considerably. Ninety-one percent of companies are on the cloud. As this figure grows even further, the demand for cloud solutions will rise. Therefore, this is one of the best times to create a cloud business. However, there are a lot of challenges that you have to consider as well. One of the biggest is finding ways to fund your cloud startup.

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Cloud Computing Finance Monitoring Planning 271

Smart Data Collective

SEPTEMBER 30, 2022

Last decade made a pretty bold promise to digital advertising, which more than other industries suffers from insufficient transparency and a fraudulent environment. The IAB Tech Lab conferences , in particular, frequently gathered blockchain evangelists and ad tech experts who discussed how this technology would finally drive authentication to programmatic chains.

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Supply Chain Digital Documentation 342

Smart Data Collective

SEPTEMBER 14, 2022

Artificial intelligence is changing the financial industry in extraordinary ways. DataMotion projects that the fintech sector will spend over $26 billion on AI by 2026. There are many great applications of AI in the financial sector. One of the best is the promise of taking advantage of high-frequency trading. There are a lot of great AI tools that help traders engage in high-frequency trading.

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Artificial Intelligence Real-time Data Big Data Monitoring 200

Smart Data Collective

SEPTEMBER 16, 2022

Big data technology is shaping the future of healthcare. Global healthcare companies are projected to spend over $105 billion on big data by 2030. One of the biggest benefits of big data in healthcare has been in the field of virtual healthcare. Demand for virtual healthcare services exploded during the pandemic. Big data technology is helping make this new field even more promising.

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Healthcare Big Data Monitoring Digital 276

Smart Data Collective

SEPTEMBER 16, 2022

The fintech sector is growing at a shocking rate. The market was worth over $112 billion last year. By 2028, it should be worth over $332 billion. Some entrepreneurs might think this is the best time ever to invest in fintech. While the market is growing and creating more opportunities for fintech entrepreneurs, the stakes are also higher than ever.

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Artificial Intelligence Cybersecurity Banking Finance 289

Smart Data Collective

AUGUST 4, 2022

Analytics technology has transformed the healthcare industry in recent years. Healthcare organizations are projected to spend over $80 billion on analytics services by 2028. There are many benefits of leveraging analytics in healthcare. Hospitals and individual healthcare providers are using analytics tools to predict the likelihood a patient will develop a disease, minimize medical error rates, reduce costs of delivering treatment and provide a better overall patient experience.

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Healthcare Artificial Intelligence Big Data Real-time Data 291

Smart Data Collective

AUGUST 4, 2022

A growing number of businesses are discovering the importance of big data. Thirty-two percent of businesses have a formal data strategy and this number is rising year after year. Unfortunately, they often have to deal with a variety of challenges when they manage their data. One of the biggest issues is with managing the tables in their SQL servers.

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Big Data 276

Smart Data Collective

AUGUST 4, 2022

A growing number of businesses are relying on big data technology to improve productivity and address some of their most pressing challenges. Global companies are projected to spend over $297 billion on big data by 2030. Data technology has proven to be remarkably helpful for many businesses. However, companies also encounter a number of challenges as they try to leverage the benefits of big data.

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Big Data Monitoring 325

Smart Data Collective

AUGUST 4, 2022

Data analytics technology has changed many aspects of the modern workplace. A growing number of companies are using data to make more informed hiring decisions , track payroll issues and resolve internal problems. One of the most important benefits of data analytics is that it can help companies monitor employee performance and provide more accurate feedback.

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Smart Data Collective

AUGUST 4, 2022

Data loss is a growing problem, as companies become more dependent on data than ever. The cost of data loss can be massive for many companies. A data center outage can cost $7,900 in losses every minute. However, the cost of losing data on a regular computer can be significant as well. Many people store valuable company data on their laptops. Some people also store cryptocurrency wallets on their personal computers.

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Documentation 276