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What to do when your IT provider vanishes

CIO

According to capital management solutions firm Carta, in Q1 this year, startup bankruptcies increased by 58% compared to the same time in 2023. The consequences of poor management can range from interruption of business operations and loss of critical information, to financial losses derived from the effects on the company’s reputation.

IT 459
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Why PCI compliance matters more than ever in the financial sector

CIO

Businesses in the finance sector generate and manage an enormous amount of data. Cybercriminals recognize the value of consumer data and aim to take advantage of finance firms who are vulnerable. A major reason why is that the finance industry depends heavily on third-party IT providers.

Finance 421
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What IT executives are saying about vendor consolidation

CIO

When we asked what’s driving that consolidation, finance-driven reasons were close to – but not at – the top. As buyers consolidate, pressure on vendors increases Clearly there is pressure to consolidate – both internally and externally driven. 10X in 10 Years – can this continue?

IT 481
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Deep Learning is Critical for Modern Small Business Accounting

Smart Data Collective

One of the biggest examples is in the field of finance. Accounting for your company provides you with an accurate idea of the state of your finances and can help you make better decisions about future investments. Deep learning technology is changing the future of small businesses around the world. The Role Of Accountants In Business.

Learning 250
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How Big Data is Changing the World of Investing

Smart Data Collective

Last year, in an article that talked about the impact big data has on finance, we said that location data sets can make investing easier. Today, we are going to look at the potential influence big data has on personal finance in detail. For instance, some platforms allow investors to place profit and loss limits on their positions.

Loss 285
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3 Essential Tips to Protect Your Business Data from a Data Breach

Smart Data Collective

Running a business is more than just making sales and calculating finances. This may also be more secure than simply having the data stored on workplace computers as, with the loss of the computer, you may also lose that data. As a business owner, you can’t afford to overlook the importance of a sound data security strategy.

Business 299
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AI Tools Make Short-Selling Possible with Algorithmic Trading

Smart Data Collective

You can make a lot of profit from short-selling and, on the other hand, a lot of losses. In contrast, the amount of losses you can incur is unlimited because the price of an asset can climb to infinity. AI technology has undoubtedly changed the future of finance. In fact, you’re more likely to lose than gain, so be careful.

Algorithm 341