Large sets of data are generated via multiple data streams from a wide variety of sources on a constant basis almost every day. The global usage of data is growing at a tremendous rate today. Hence, it's no surprise that data is being used as an actionable business...
The fintech industry is growing at an accelerated pace, driven by new technological innovations and evolving needs. In many cases, the modern enhancements across many IT sectors have had secondary effects across industries - and particularly on fintech products and...
It's no secret that big data processing technology is one of the most disruptive forces in the financial market today. Some firms have honed their AI-based stock picking subroutines down to a science and are reaping the benefits as a result. Others have only just...
Enterprise Big Data strategy refers to a company’s comprehensive vision when it comes to utilizing data-related and data-dependent resources and capabilities. Organizations that gather or generate loads of data cannot escape the need to come up with a sensible...
For those who aren’t aware, “big data” is the term given to the large amounts of data (both structured and unstructured) that businesses must deal with daily. These data sets can be analyzed to help business owners make more accurate decisions and implement new...
Not that long ago, the idea that data would come to play a central role in everything from business and government operations to individuals' everyday lives seemed fantastical. Today, however, data's behind almost everything we see, hear, and do in the world. And...
As Big Data, IoT, and machine learning become more commonplace, all types of industries are starting to get in on the trend. However, some businesses are slower to adapt than others – even though the benefits of big data are incredibly obvious. In 2014, just 17% of...
Data science is currently among the most rapidly growing and promising careers of the future. The technology surrounding data mining and analysis has transformed initially useless raw data into an important commodity for most organizations. Data scientists combine...
Approximately 40 exabytes of data is generated every month by a single smartphone user that could be in the form of texts, phone calls, emails, photos, video searches, and music. Imagine this number gets multiplied by 3.5 billion smartphone users, that’s a lot of...
Digital data and open source technology has changed our daily lives. One of the biggest areas that it has become so vital is the blockchain. Blockchain technology has been applied to everything from cybersecurity to cryptocurrency. In this article, we will explore how...
One of the most common issues that business analysts face is the lack of access to reliable and timely information about business processes. This information is vital for decision-making yet it is blocked or hindered due to many challenges of a traditional data...
A 2020 New Vantage Partners survey of C-suite executives reported that 98.8% of organizations have invested in some kind of data initiatives. And yet only 37.8% of companies have created a data-driven organization. Not that companies are lagging from a technology...
Data science has become one of the best paid and popular categories for professionals. As many companies use applied scientific data in their businesses, professional, scientific knowledge is rising. If you are thinking of going this science route or remaining an...
The modern digital marketing industry simply couldn't exist without the aggregation of huge amounts of data. That being said, the role that data plays in marketing has changed dramatically in the last few years. Some computer scientists are suggesting that many...
As we move into an age centralized on digital software and technology usage, many emergency medical services have opted for efficient and easy-to-use software programs. This is to eliminate excessive time spent recording data and open up opportunities for patients and...
The business world of today is highly data-driven and this makes data the most valuable asset for almost every enterprise out there. This is especially true for organizations that launch multi-channel marketing campaigns. That being said, there’s one key problem you...
There’s a reason why Facebook became a global superpower despite its many privacy transgressions. It knows people. The company uses the power of data to the full extent that it’s able to. Big data has gone from being this confusing niche idea that business managers...
Digital data is expanding speedily than ever before. Big data is extremely helpful to the organizations as it provides an insight to the businesses about themselves; help them understand their consumers and their market. With all these benefits comes the...
The radical increase in mobile users has entailed the improvement of the mobile app industry. Mobile application development agencies help businesses in planning and designing exclusive and robust mobile apps that can fulfill the requirements of clients. People are...
“Without data, you are just another entity with an opinion.” ~Anonymous Truer words have not been spoken! Without data, any idea you present is just another opinion. Many entrepreneurs have come forward - some being innovators, some hustlers, some imitators, and some...
According to Forbes, around 35% of the rural population is not digitally connected. Further research indicates that most people in about 62% of counties throughout the US are adversely affected by internet broadband download speeds lower than the minimum government...
Technology and data unite every aspect of our lives, and the digital information that we produce is being put to new uses every day. Predictive analytics are used by major card companies to detect fraud, while marketers use data to make campaigns more effective and...
Data science solutions can work miracles for businesses. Be it using big data to record every strain of data or applying data analytics techniques to drive lucrative campaigns, data science has had a transformational impact on businesses. Small businesses, primarily,...
Making sure that your organization’s APIs are functioning properly is crucial both for ensuring the integrity of any apps or code you’re developing and for guaranteeing their functionality on launch. Let’s break down how API testing works and why you should prioritize...
Many companies have acknowledged the effectiveness of big data. Businesses that exploit big data benefits have reported a significant reduction in operational costs, improved decision-making, and high customer retention and satisfaction rates. Big data has been...
Customer data collection improves marketing intelligence that helps conceptualize robust marketing strategies, enhances customer service and paves a way for innovation. It therefore helps businesses to deliver better customer experience and enables them to remain...
Data scientists are great mathematicians with a lot of cross-disciplinary knowledge and a super ability for analysis. The task of this specialist is to find the ideal formula for training artificial intelligence. Among all the existing algorithms, they should look for...
There is no such thing as complete secrecy in Web browsing. The question is how much information you reveal. Often it's a lot more than you intended to. Your ISP or the owners of the sites you visit may be able to tell who you are, where you are, and what information...
Modern-day lead generation is more complex and challenging for several reasons. There is more global competition, less patience, lower attention spans, and of course, the global COVID-19 pandemic. It is now harder to grab attention, build trust, target the right...
When doctors prescribe medication, they usually grab a paper pad, write the drug prescription, hand the paper to the patient, and instruct him/her to buy the medicine at the pharmacy. Times, however, have changed. Thanks to advancements in technology, physicians can...
The global autonomous vehicle market is already valued at an estimated 54 billion, and is projected to increase over the coming years. Self-driving cars are one of the more popularized and futuristic endeavors that people are looking forward to, and it’s all made...
Out of many business processes recruitment stands out greatly as talent acquisition in many ways builds a core for any company’s success. Currently, there are many recruiting practices that might have slight to big differences depending on the company, however, there...
Big data, or the data processed on a large scale by analytical tools, is crossing industries to generate new and improved technological processes. In fleet management, this means benefits to maintenance, driver safety, and overall profits. For a bottom line capable of...
New tech and tools in building information modeling (BIM) are transforming how construction firms approach the construction and maintenance of new buildings. One of the most valuable new techniques is the use of digital twin technology, which are virtual construction...
A recent saga between Rhode Island and Massachusetts over COVID-19 case levels and travel bans has confused and inconvenienced New England travelers. But the regional drama is also just one part of the larger problem. With no agency at the federal level collecting and...
For the last decade or so, businesses of all shapes and sizes began to recognize the power of the data they were collecting and what it could do for their bottom line. One by one, companies started to build processes to mine and analyze data, to draw some actionable...
By now, you’ve probably come into contact with big data in some way, whether this be through personalized recommendations on Netflix or insurers that use the technique to reduce car insurance premiums. So far, there is not widespread concern that these data...
Data science is considered one of the most rewarding fields that require both analytical and creative skills in order to be fully successful in this role. Moreover, companies are always on the lookout for great talent but often confront numerous challenges since the...
The data science field is facing a challenging paradox. Big data is changing our world in many wonderful ways. Companies are offering very lucrative compensation packages to entice qualified data scientists to join their teams. There are a number of opportunities for...
When we talk about using “Big Data”, we normally mean using “Social Media Data”. In fact, it’s so common to talk about big data as narrowly referring to data generated by social media platforms that the two terms have become almost synonymous in both tech and the...
Although data science, as an academic discipline, has been around for more than 50 years, it wasn't until around 2010 that it entered the mainstream consciousness. It happened as a new wave of businesses recognized that data was the key to mastery of modern markets...
It isn’t just data security practices that will be needed to keep the electronic and physical data of your company safe. Strong data integrity practices will need to be taken into account as well. While many businesses are coming to understand the need for data...
The big data revolution is upon us. Whether you work in an office building, a factory or out in the field, you’ve likely used some form of data analytics and the Industrial Internet of Things (IIoT) at some point or another. Depending on your profession, you might...
Over the years, Big data technology seems to have transformed several industries across the globe. And it is showing no signs of slowing down. The following post emphasizes how big data makes a significant effect on the present eCommerce trends. Data is everywhere. In...
Big data has become an indelible part of the modern technology scene. New technologies and public services increasingly rely on massive data sets, with much of the surveillance and tracking technology deployed to fight COVID-19 conspicuous in their use. Unfortunately,...
These days, the world runs on data. Almost every facet of our tech-enhanced lives, both when we work and play, generates massive amounts of data, which in turn drives an entire industry, known as Big Data, that strives to keep up with it all. After all, there’s little...
Big data is a term that describes large volumes of data sets. Advanced analytic techniques are used to make sense of big data, translating it from a complex database of information to simple reports and visual dashboards. One of the biggest misconceptions about big...
Big data is key to success in any high-level industry, including fashion. As stated in a recent study, big data is increasingly being used in the fashion industry for “trend forecasting, supply chain management, customer behavior analysis, preferences, and emotions.”...
In many forward-thinking companies, hiring and recruitment of new personnel isn’t quite what it used to be. Rather, it has become a far more advanced and technological process than ever before. Gone are the days of going into a company with a resume in hand and...
With an average daily turnover of approximately 5.1 trillion USD, the Forex market is the most liquid market on earth. With technological advancements, it has become easier for investors to trade currencies through online Forex trading platforms. But it isn’t easy to...