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The Incredible Impact of Blockchain Technology on the Economy

Smart Data Collective

Finances, healthcare, insurances, real estate, and supply chain – blockchain has managed to render each one of these sectors more efficient and cost-friendly, to the benefit of everyone involved. With that said, smart contracts also introduced us to dApps, which are one of the main ingredients of decentralized finance.

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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

” The IMF also cautioned that “the anonymity of transactions carried out using cryptocurrencies poses challenges for anti-money laundering and countering the financing of terrorism” and that “cryptocurrencies are not backed by any government or central bank.”

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4 of the Biggest Data Breaches in Banking

Smart Data Collective

People use finances daily, but it doesn’t mean they are completely protected from data breaches. In 2017, a number of UK banking groups, Lloyds, Royal Bank of Scotland and Halifax, experienced a cyber attack that lasted for 48 hours. Big data is causing a number of data breaches. Sadly, they often affect banks.

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Is Big Data the Saviour of the Aging Telecommunications Industry?

Smart Data Collective

A 2017 analysis by MapR showed that telecommunications industries can benefit from big data more than almost any other company. Comarch is known around the world, as a trusted, innovative provider of IT products and services in sectors as varied as healthcare, finance, automotive, retail, transport and logistics, to name just a few.

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2023 SAP Innovation Award Winners: Swiss Federal Railways, Mastering a Data-Driven Culture with SAP BTP

Timo Elliott

The need for a unified data system was pressing, and the journey to a data-driven culture started in 2017. As a result, they’ve been able to maintain long-term data quality, benefiting departments such as procurement, sales, and finance by improving process efficiency and significantly reducing data quality-related issues.

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How Artificial Intelligence (AI) Is Changing Banking

Smart Data Collective

Did you know that nearly 2 million banking requests were handled by AI bots in 2017? The future of banking and finance is certainly exciting to think about. And artificial intelligent processes will continue to be streamlined until they are at the most efficient point. This is because AI application learn over time. What’s working?

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Can Predictive Analytics Help Traders Navigate Bitcoin’s Volatility?

Smart Data Collective

For example, when China announced crackdowns on cryptocurrency exchanges in 2017, the price of Bitcoin fell sharply. These include: News events: Positive or negative news about Bitcoin can have a significant impact on its price. Market sentiment: Investor sentiment can also drive price movements.