Big Data Analytics can become the main driver of innovation in the banking industry — and it is actually becoming one. We list several areas where Big Data can help the banks perform better. Investments in Big Data analytics in banking sector totaled $20.8 billion in 2016, according to the IDC Semiannual Big Data and Analytics Spending Guide of 2016. This makes the domain one of the dominant consumers of Big Data services and an ever-hungry market for…
The ability to present data and facts in support of an argument within the context of a story is a skill worth developing. It will help you sway audiences with more compelling presentations. Previously, I outlined a process framework for analytical storytelling and how a communications employee named Allison was using it to justify a budget. Allison was asked to prove the hypothesis that employees who take advantage of company-sponsored training programs are more likely to stay…
State governments have unique challenges when it comes to budgets, workforce readiness, and technology adoption. Increasingly state and local governments have also been innovative, pushing forward AI technology to help with many operational and constituent facing operations. Carlos Rivero, Chief Data Officer for the Commonwealth of Virginia, was recently a guest on the AI Today podcast as well as a panelist during the recent Data for AI Week Virtual Conference to discuss how states, and in particular the Commonwealth…
The world we live in today is engulfed with data due to the proliferation and usage of various digital technologies that have become essential to our everyday life. As such, it is no surprise that data plays a pivotal role in our society and is used in virtually in all fields, from helping make simple decisions to pushing forward innovation. The complexity of data usage of today can be seen in the development of the…
Today, Caesar’s Entertainment announced that it had reached an agreement on the terms of a recommended cash acquisition of British betting house William Hill for approximately $3.7 billion. If this transaction goes through, the company will be more diversified in terms of geographical exposure and the type of gaming it offers to its customers. Interestingly, only three months ago, Eldorado Resorts bought Caesar’s for about $17,3 billion, after billionaire investor Carl Icahn joined the board and supported the company’s sale.…
According to a Nielsen report, brick-and-mortar alcohol dollar sales were up 21% in April 2020 compared to the same period a year ago. Online alcohol sales skyrocketed by 234% over the same period in 2019. However, despite the increase, global sales are decreasing due to the shutdowns in restaurants, bars, live events and travel. Next Century Spirits is a liquor technology startup with $9.6 M in funding. The company uses big data and machine learning to create and filter bespoke…
Big data has immense value, but there is little doubt it remains extremely vulnerable to hackers and malicious actors. Billions of people have had their personal information compromised in recent years, and the tech industry is actively seeking to increase cybersecurity efforts and find more efficient ways to protect big data before breach issues get even more out of hand. The answer may lie in using the power of big data to protect itself. It may sound…
Data warehouses may not grab the attention of young founders looking to build the next viral app or drone. But at startup Snowflake Computing, CEO Bob Muglia is proving there’s still huge money in the category. Snowflake announced a new funding round on Thursday that will pump $263 million into San Mateo, Calif.-based company. Led by Sequoia Capital and previous investors ICONIQ Capital and Altimeter Capital, the funding values the company at $1.5 billion. “Every…
Last Tuesday, National Instruments announced its intent to acquire the Israeli data analytics startup OptimalPlus for $365 million. The two companies share many of the same enterprise-level customers within the automotive, semiconductor, and electronics industries which is one of the reasons that I believe this acquisition makes a lot of sense. National Instruments is positioning this acquisition as another piece of the puzzle moving toward accelerating its growth and without getting into all the details, I…
From the downhill of key technologies to new innovative solutions on the plate: Roberto Bentivoglio takes us swimming in the stream, with a technical explanation on event stream processing architectures as a future-proof approach to take full control over your data strategy Big data is probably one of the most misused words of the last decade. It was widely promoted, discussed and spread by business managers, technical experts, and experienced academics. Slogans like ‘data is…
