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Shocking Ways Big Data Changed the Nature of Business Lending

Smart Data Collective

This has proven important too, with the value of loans provided by big banks having declined by 3% overall between 2014 and 2019. They also need to understand that big data has both created new opportunities and challenges. While big data has made P2P lending possible, it has also made loans more competitive.

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Big Data Reveals Surprising Insights Into Phone Payments

Smart Data Collective

As it turns out, we now have witnessed the emergence of an entirely new currency which goes beyond the outdated banking systems in the form of cryptocurrencies which has been receiving a massive amount of interest and hype. These services would not have been possible without major advances in big data. Phone Payment Facts.

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Protecting Your Cryptocurrency Wllets with Machine Learning

Smart Data Collective

In 2018, researchers used data mining and machine learning to detect Ponzi schemes in Ethereum. In 2019, another team tested the new fraudulent behavior Honeypot in Ethereum. This means that there’s no centralized entity—like a bank, investment company, or government body—controlling your currency.

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Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

By 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. Source: Gartner Research). Source: TCS).