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Enhance your Lending with Predictive Analytics

BizAcuity

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. Predictive Analytics enhances the Lending Process.

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Predictive Analytics Could Minimize Underpayment Penalties By The IRS

Smart Data Collective

The Internal Revenue Service (IRS) is one of the organizations that has started using big data to enforce its policies. Small businesses should utilize their own big data tools to keep up with the evolving changes this has triggered. The IRS uses highly sophisticated data mining tools to identify underreporting by taxpayers.

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Predictive Analytics Advances Rewrite Rules On Corporate Conferences

Smart Data Collective

One of the hot topics on the conference circuit today is how business owners and principals can use predictive analysis to run their respective businesses. It’s the use of AI that is creating the ability to make fast and efficient predictions about marketing and sales trends.

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Startups Must Take Advantage of Big Data to Gain a Competitive Edge

Smart Data Collective

Likewise, a business in the call center industry would benefit heavily from various digital tools, such as predictive dialer software from Convoso. It is an analytics and cloud-based software that significantly improves productivity for lead generation outbound campaigns and high-volume sales.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Since so many companies went digital during the pandemic, that figure has probably increased over the last few years. Therefore, data-driven pricing may be even more critical during a bad economy.

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Using Analytics To Decide Which Cryptocurrency To Invest In

Smart Data Collective

One way to use analytics is to invest in cryptocurrencies more wisely. However, you can also identify the best digital currencies to invest in. We previously mentioned that advances in blockchain made Ripple a leading cryptocurrency , but data analytics can help you choose among other great options too.

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Scalability-focused Email Marketing Solutions that Incorporate Hadoop

Smart Data Collective

Some groups are turning to Hadoop-based data mining gear as a result. As the name might suggest, YARN technology splits up the resource manager and job scheduler into separate services that are connected by a piece of what amounts to digital string. Leveraging Hadoop’s Predictive Analytic Potential.