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Healthcaredata is set to soar, with projections showing that it will grow from 2,300 exabytes in 2020 to an impressive 10,800 exabytes by 2025. To put that in perspective, that’s like having enough data to fill over 2.5 Tasks that consume hours—like data entry and document sorting—can be completed in seconds.
Claims processing is a multi-faceted operation integral to the insurance, healthcare, and finance industries. The payment process is enhanced by automation, which uses digital payment methods, ensuring swift transactions and clear records, thereby enhancing transparency and traceability.
Whether it’s choosing the right marketing strategy, pricing a product, or managing supply chains, data mining impacts businesses in various ways: Finance : Banks use predictive models to assess credit risk, detect fraudulent transactions, and optimize investment portfolios. Can handle large volumes of data.
It is often used for streaming data sources and is ideal for applications requiring up-to-the-minute data for analytics or decision-making. Streaming user activity data into a real-time analytics dashboard is a common example. This shift in focus amplifies productivity, fosters innovation, and drives business growth.
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