Big data, along with other emerging technologies such as artificial intelligence (AI), machine learning, and robotics, is helping to transform various industries across the globe, including the banking sector. Big data is a result of the need to process data sets that have become too large and complex for traditional tools to handle. By aggregating
Insurance is a means of protection against financial loss and a form of risk management used to hedge against uncertain contingencies. Big data analytics can greatly improve the claims processing process in the insurance industry. Here are six ways in which it can be used: Fraud Detection: Big data analytics can improve the detection of
Energy and utility companies are facing a new landscape where they must integrate alternative energy, improve customer understanding, and strengthen relationships, while also providing reliable, safe, and affordable energy to all. These organizations can use analytics to improve agility, reduce costs, and enhance asset reliability, as well as better position themselves for the next big
In this post, we will be discussing the challenges of Big Data in the Telecommunications Industry, including Volume, Variety, Complexity, and Velocity. Volume: With the rise of 5G mobile networks, operational data generated from each call or session is increasing dramatically. The addition of GPS, location-based services, and social media is adding to this deluge
To enable the enterprise transform toward zero-latency enterprise (ZLE), a new form of digital transformed enterprise, one area most people need to look into is data management. Traditional and legacy data management you use right now may be one of the areas to bottleneck all your effort. For those in the technology market for long
While COVID-19 is reaching the end, bank and financial sector expect massive credit risk after next normal began. While most of the countries will be forcing banking and finance sector players to provide more credit and loan to accelerate the economy recovery. But the 2 years long COVID-19, whether you like it or not, it
In previous topics we had discuss about what is IOB (Internet of Behavior) and its value. The impact of IoT technology and the Internet of Behavior cannot be overlooked today, as they will influence consumer behavior and the marketing platforms used to gain their attention. Therefore, it is essential to start integrating the Internet of
Technology intervention in retail industry is changing the way many businesses operate for the better of the company and its customers. Technology is enhancing many industries from financial institutions to retail outlets. It is important that companies stay up-to-date with the increasing changes and enhancements technology is creating for their business. In the retail industry,
While the definition of a smart city is still evolving, some things have become clear: Smart cities leverage information and communication technology to improve service levels, people’s prosperity, sustainability, and economic development. Smart city technology can make cities more effective and efficient, as required by the rapidly expected growth in urban populations over the next
While the definition of a smart city is still evolving, some things have become clear: Smart cities leverage information and communication technology to improve service levels, people’s prosperity, sustainability, and economic development. Smart city technology can make cities more effective and efficient, as required by the rapidly expected growth in urban populations over the next