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What is big data and why is it important to Business ?

Analysts Corner

Velocity refers to the speed at which data is generated, analyzed, and processed. Variety refers to the different types of data generated, such as text, images, and video. Why is big data important to business? Transportation companies can use big data to optimize delivery routes and reduce fuel consumption.

Big Data 130
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Developing an AI Strategy for Your Business: A Comprehensive Guide

Business Analysis Hub

Creating a robust AI strategy is pivotal in harnessing the power of this technology to drive innovation, efficiency, and growth. This could range from improving customer experience, streamlining operations, to gaining deeper insights from your data. This includes data collection, storage, and analysis.

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10 Examples of How Big Data in Logistics Can Transform The Supply Chain

Data Pine

Applied to logistics and supply chain processes, you will see your productivity levels soar while consistently exceeding client or customer expectations, and ultimately, boosting your bottom line. To work effectively, big data requires a large amount of high-quality information sources.

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EDI Security in Finance and Mortgage: Protecting Sensitive Data in Electronic Exchange

Astera

This automated exchange ensures accurate and consistent data across all involved parties, mitigating the risk of errors and contributing to a more efficient and error-free mortgage process. Improved Customer Experience: The efficiency and speed of EDI transactions contribute to an improved customer experience within the mortgage industry.

Finance 52
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Fundamentals of Data Analytics

The BAWorld

Data Analytics (DA) has evolved as a vital force in shaping the modern world, translating raw data into actionable insights that drive advancement in a wide range of sectors and industries. IoT devices generate huge amounts of data, and analytics will be essential for obtaining actionable insights.

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How AI Is Transforming the Future of Business Intelligence and Analytics 

Astera

As AI technology continues to evolve and mature, its integration into business intelligence and analytics unlocks new opportunities for growth and innovation. Without proper data management, companies struggle to access and use data required for AI implementation, which can lead to poor results or even failure.

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Big Data Security: Protecting Your Valuable Assets

Astera

The sheer volume, velocity, and variety of big data make it difficult to manage and extract meaningful insights from. However, the potential benefits of harnessing big data are immense, ranging from improving business operations and customer experiences to advancing scientific research and public policy.