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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry. By doing so, these institutions can limit fraud cases and prevent any complications in the future. The Underlying Concept.

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How Vulnerable Are Supply Chains to Hacking?

Smart Data Collective

One of the first high-profile incidents of this occurring happened to Target in 2013. This “kill chain” procedure harmed Target’s operations and resulted in millions of people having their personal and financial information compromised while also disrupting the mega-chains ability to serve thousands of communities.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. For instance, the 2000 Honda Civic is the most stolen car in America and the Mitsubishi Mirage (in the 2013-2017 model range) has the most fatal crashes. It’s a win-win situation for both parties.

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Drug Discovery Needs AI To Discover More Treatments

Smart Data Collective

In a report on the failure rates of drug discovery efforts between 2013 and 2015, Richard K. There’s also the problem of pharmaceutical companies overstating the effectiveness or omitting critical information from the clinical trial process. Unfortunately, a substantial number of clinical trials fails in these two Phases.

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Cloud Technology Makes Virtual Assistants More Beneficial than Ever

Smart Data Collective

Even back in 2013, Constant Contact published an article on the benefits the cloud provides to VAs. Author Vanessa Jones said that the biggest benefit of the cloud for virtual assistants was that it made accessing information easier than ever. Cloud technology has become even more important for this profession in recent years.

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Can Predictive Analytics Help Traders Navigate Bitcoin’s Volatility?

Smart Data Collective

For further information explore quantum code. Gox hack in 2014 and the collapse of the Silk Road marketplace in 2013. However, given the nature of cryptocurrency markets, it is still quite possible for prices to fluctuate rapidly. The good news is that predictive analytics technology can reduce risk exposure for these investors.

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Critical Components of Big Data Architecture for a Translation Company

Smart Data Collective

One of the main areas that the big data strategy covers is which data the company will use and how it will act on the information. In addition to the sales process data mentioned above, big data could come from employee tables, contact information forms, email usage stats, healthcare wearables and even traffic flow monitoring.