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AI Leads to Powerful New Fraud Detection Software for E-commerce

Smart Data Collective

E-commerce Fraud: A Digital Dilemma E-commerce fraud involves fraudulent transactions or practices in the realm of online retail. The anonymity and vastness of the internet provide a fertile ground for such fraudulent activities, making e-commerce fraud a significant concern for online retailers.

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How Business Rules Analysis Drives Better Business Decisions

The BAWorld

Did you know that 78% of companies face issues maintaining consistency across their business operations due to poorly defined business rules? Conducting a business rules analysis is critical for several reasons: Consistency : Defined rules help maintain consistent decision-making and process execution across departments.

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Top Legacy Modernization Tools for 2024

Astera

Example: An online retailer moves its e-commerce application from an on-premises IBM WebSphere server using Java EE to AWS for better scalability and performance. The replatforming involves rehosting the application on AWS Elastic Beanstalk migrating the database from IBM DB2 to Amazon RDS for PostgreSQL.

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Real-Time Interactive Data Visualization Tools Reshaping Modern Business

Smart Data Collective

With the widespread implementation of the IoT (Internet of things), these databases might be understood on both small and large scales. Its main aim is to implement custom, interactive diagrams for the stored data. It is used by a number of Fortune 500 companies, especially those in the retail, entertainment and media sectors.

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5 Industries That Are Being Revolutionized By Big Data

Smart Data Collective

IBM wrote an excellent report about the use of big data in the retail sector. Retail is an industry which relies heavily on big data in the modern-day. Simply put, if a retailer doesn’t understand their customer, they are going to struggle to succeed in the market. Online Gambling.

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The Role of Business Intelligence in The Modern Commercial Organization

Smart Data Collective

The importance of BI proves the fact that the world’s leading IT vendors such as IBM, Microsoft, Oracle, SAP, SAS, QlikTech, etc. For the retail segment, analytical tools also provide many applications. It is difficult for commercial companies in some countries like Montenegro to implement quality BI-based solutions.

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What Is an EDI translation? An Ultimate Guide for 2024

Astera

Say we have a retailer that generates a purchase order (PO) in a proprietary XML format using its Enterprise Resource Planning (ERP) system. Suppose a global retail company wants to source products from suppliers across different continents. They focus specifically on EDI data conversion and compliance.