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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The recent slew of bank failures have created a lot of concerns about the state of the global economy. The good news is that big data technology is helping banks meet their bottom line. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process.

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AI poised to replace entry-level positions at large financial institutions

CIO

Global banks and investment firms are currently mulling plans to replace entry-level financial analyst positions with artificial intelligence (AI), with as many as two-thirds of these positions potentially on the chopping block.

Banking 539
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4 industries where chatbots will have the biggest impact

CIO

Healthcare: digital assistants for Dx and Rx The market for healthcare chatbots globally is projected to more than triple to $647 million by 2030, according to Vantage Market Research. billion, according to Verified Market Research. Banking customers are increasingly using chatbots in their everyday transactions.

Banking 397
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5 top ERP trends for 2022 — and their implications for IT leaders

CIO

For instance, Infor has an ERP solution for the manufacturing vertical; Salesforce offers its ERP for healthcare, banking, and financial services verticals; and ServiceNow is strong in the telecom and public sector space,” says Everest Group’s Mundra. Gartner defines the market for cloud ERP as a market for application technology.

IT 545
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Global managed services to grow in 2024 as enterprise IT spending rises

CIO

Many of the large deals were signed in the Nordics, including the Danske Bank and Infosys contract and the LahiTapiola Mutual Insurance and CG deal, which further fueled the growth in the region.” Another market research firm, Grand View Research is also quite optimistic and predicts MSP revenue to grow in 2024.

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Powering the future: How Gen AI and AI illuminate utility companies

CIO

According to market researchers at Gartner 1 , “Utilities are faced with unprecedented challenges.” The most advanced cybersecurity tools rely heavily on AI to detect anomalous activity in corporate networks.

Alliance 514
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8 Steps to Leveraging Analytics to Create Successful Ecommerce Stores

Smart Data Collective

They are able to utilize Hadoop-based data mining tools to improve their market research capabilities and develop better products. You can use data analytics for everything from finding the right bank account to lowering your expenses and ensuring you don’t miss any deductions around tax time.

Commerce 321