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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Health and life insurance have seen significant advances in Big Data use in recent years. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process. Pension area advances have not been as noticeable.

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Going ‘AI native’ with in-house ChatGPT the MITRE way

CIO

in late November 2022 — MITRE would be among the first organizations looking to capitalize on the technology, launching MITREChatGPT a month later. By June 2024, MITREChatGPT offered document analysis and reasoning on thousands of documents, provided an enterprise prompt library, and made GPT 3.5 API available to projects, Cenkl says.

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What is a business intelligence analyst? A key role for data-driven decisions

CIO

Through use of data analytics, data visualization, and data modeling techniques and technologies, BI analysts can identify trends that can help other departments, managers, and executives make business decisions to modernize and improve processes in the organization. What does a business intelligence analyst do?

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What is a data engineer? An analytics role in high demand

CIO

Senior data engineers earn an average salary of $134,244 per year, while lead data engineers earn an average salary of $139,907 per year. Analytics, Careers, Data Management, Data Mining, Data Science, Staff Management

Knowledge 493
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The Importance of Leveraging Analytics in Ecommerce Website Design

Smart Data Collective

The good news is that highly advanced predictive analytics and other data analytics algorithms can assist with all of these aspects of the design process. You can also use data mining technology to learn more about the niche and find out if it will be a good fit. The good news is that analytics technology is very helpful here.

Commerce 333
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Shocking Ways Big Data Changed the Nature of Business Lending

Smart Data Collective

Businesses seeking new capital are facing a couple new changes that they need to be prepared for. Lenders are tightening their actuarial criteria and employing data driven decision making capabilities. If a company is looking to borrow money, they need to understand how big data has changed the process.

Business 296
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7 Ways Small Businesses Use Data Analytics for Expense Tracking

Smart Data Collective

After all, without sufficient capital, one will need to leverage big data and artificial intelligence to outshine competitors. They can use data mining algorithms to find potential deductions and screen your tax records to see if you qualify. A lot of machine learning tools have made it easier to do your taxes.

Business 354