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5 Ways Your Retail Banks Can Use Data to Better Serve Digital Natives

Smart Data Collective

One of the sectors most impacted by big data has been banking. Big data is even more important to the banking sector as more of their services become digitalized. The market for analytics technology in the banking sector is projected to be worth over $5.4 Banks turn to Data Analytics as Demand for Digital Services Grows.

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4 Industries Shaken By The Artificial Intelligence Revolution

Smart Data Collective

Artificial intelligence has had a profound impact on our lives. The market for artificial intelligence technology is growing largely due to the number of industries that depend on it. Online banking has become normality, and this is very different to how things were a few years ago. Industries Shaped by AI.

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Hybrid Cloud Challenges and How to Avoid Them

Dataversity

Hybrid cloud solutions are indispensable in achieving a balance between data security, scalability, and innovation for banking, fintech, artificial intelligence (AI), and machine learning (ML) industries.

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Powerful Video Summaries, Powered by AI

Timo Elliott

He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence. He focuses on three big opportunities: faster innovation, empowering business people, and moving from analytics to action.

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5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

Smart Data Collective

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Now that artificial intelligence is involved, fraudulent transactions can be fully eliminated.

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Best Ways to Integrate Big Data into Your Business

Smart Data Collective

For example, predictive analytics detect unlawful trading and fraudulent transactions in the banking industry. Understanding the ”normal” tendencies allows banks to identify unusual behavior quickly. Additionally, getting more innovative than competitors is a gain. Spotify is a good example.

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The Future of AI in Healthcare: Trends and Innovations

Cprime

– AI has reduced the time and cost of drug discovery, with innovations like AbSci’s creation of de novo antibodies using generative AI and the FDA’s first AI-designed orphan drug, showing AI’s capacity to innovate and streamline the drug discovery process.