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Investing in Data Solutions To Streamline Your Retail Business

Smart Data Collective

The retail sector, in particular, can benefit immensely from a shift towards a data-driven business model. Big Data Technology is the Key to Simplifying Retail Businesses. As a busy retailer, making your operations run more smoothly and efficiently should be at the top of your to-do list. How can big data help with cleaning?

Retail 334
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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

Fintech analytics helps businesses in the financial and banking industry offer satisfactory services by: Enhancing View Of Customer Profiling. Fraud is a cause for concern in the banking industry, especially now that mobile banking takes a center stage. Improving Security. Forecasting Future Market Trends.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

For example, banks now apply AI to assess credit risks with high accuracy. It’s critical to financial institutions such as banks and credit unions that earn revenue from lending money with interest. Hence, banks go through the pain of assessing every prospective borrower’s creditworthiness. Fraud Detection.

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Data Analytics Improves Credit Risk Reduction Via Diversification

Smart Data Collective

One of the ways people are benefiting from data analytics is by improving credit score monitoring. Credit risk is one of the most critical hazards that banks and financial organizations face. The World Bank Blog has an entire post dedicated to this topic. Risk is an ever-present companion in the world of finance.

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IT Budgeting Practices for Data-Driven Companies

Smart Data Collective

Companies need to appreciate the reality that they can drain their bank accounts on data analytics and data mining tools if they don’t budget properly. It doesn’t matter if you own a manufacturing business, an ecommerce, or a retail shop, you have IT needs. Another overlooked aspect of the IT budget is employee monitoring.

Big Data 312
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What Cyber Criminals Can Do With Your Metadata

Smart Data Collective

Metadata typically contains the person’s name, address, phone number, credit card number, email address and even personal or business bank account numbers. They will monitor the activity so that they can glean the patterns of the users. Why a Cyber-Criminal Steals Metadata. When shopping offline, use cash or a gift card.

Banking 224
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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

ElegantJ BI

To access the characteristics of a customer such as his or her purchase frequency, income, age, type of bank account, occupation etc. that leads to purchase of a particular banking product such as installment loan, personal loan, checking account etc. Let’s take a closer look at an example of classification tree analysis.

Banking 130