Big Data gives China's top 3 Internet Firms Big Leverage

Big Data gives China’s top 3 Internet Firms Big Leverage

China’s three big Internet-driven companies, Alibaba, Tencent, and Baidu, are set to influence a vast section of the country’s business because they control data concerning the consumer and social behavior of millions of people. The awesome power comes from the government’s drive to develop a “big data” industry, which is thriving in China. Several other players, including utilities like phone …

How AI Is Streamlining Marketing and Sales

How AI Is Streamlining Marketing and Sales

Many companies are now investing in AI-powered sales and customer service assistants to help identify potential customers without hiring an expensive army of employees to comb through leads. What’s more, AI bots are now intelligent enough to elicit information from customers as a human being would, rather than serving as an analytics tool that simply finds patterns in the data …

3 Kinds of Big Data Skills All Businesses Should Hire For

3 Kinds of Big Data Skills All Businesses Should Hire For

When businesses go about things right, big data is an extremely valuable tool that can provide specific types of analytics that help those companies find or maintain success. However, without employees on staff who know how to interpret the data and apply it to a company’s everyday operations and future plans, even the most powerful big data resources are largely …

Bank battle for innovation and market share needs huge live data crunching

Bank battle for innovation and market share needs huge live data crunching

When there isn’t much else to choose between brands, customer service becomes an important differentiation, and in financial services the situation has become acute. As regulators continue to make it easier for customers to switch providers, financial institutions must spend as much time keeping existing account holders happy as they do wooing new ones. Issuing apps and making it easier …

3 Ways Fintech Companies are Using Big Data to Beat the Banks

3 Ways Fintech Companies are Using Big Data to Beat the Banks

The financial sector has become one of the biggest consumers of big data in recent years. According to Gartner, 64% of financial service companies used big data in 2013. That figure has steadily risen over the past four years. Big data is changing the industry in unprecedented ways. One of the biggest implications is that it is making the once …

Big Data Analytics in Hotel Industry

Big Data Analytics in Hotel Industry

Hotel industry is another industry where effective use of analytics can change dramatically how business is run. It is another data rich industry that captures huge volumes of data of different types, including video, audio, and Web data. However, for most hoteliers data remains an underused and under-appreciated asset. Hoteliers capture loyalty information, for example, but few go beyond loyalty tier …

Citizens give up data in blockchain project to improve cities

Citizens give up data in blockchain project to improve cities

Activism has never been so easy. Urban residents will soon be giving up their personal data – not to the usual social media giants, but to make their cities a better place to live. The three-year EU-funded project, dubbed the Decentralised Citizen Owned Data Ecosystem (DECODE), will see a total of four pilot trials launch in Barcelona and Amsterdam at …

Is the cloud an enabler or a disruptor of your digital transformation?

Is the cloud an enabler or a disruptor of your digital transformation?

When it comes to evaluating the impact that cloud will have on your digital transformation, there’s no easy answer. The response mostly depends on who you ask. For C-level executives, cloud is most certainly an enabler. It allows business leaders to adapt their organizations to shifts in markets with speed an agility. Executives moving their companies to the cloud often …

Dare to Share in The Cloud: How Secure Is Your Data?

Dare to Share in The Cloud: How Secure Is Your Data?

The march to the cloud for mission-critical applications is picking up speed. Even financial services firms, noted for their caution, are making headway. UK-based insurance intermediaryTowergate Insurance announced last year that it is moving its IT infrastructure to the cloud. And The Wall Street Journal reported in June 2016 that Deutsche Bank researchers are projecting that public cloud adoption of …

Open banking – is data the new currency?

Open banking – is data the new currency?

Banks across the globe are anxiously looking at the slow but seemingly inexorable progress of banking APIs. Regulation and market demands will require banks and other financial services firms to make it easy for another firm to gain access to their customers’ data, and to engage with their platforms to transact. Most realise that the world of financial services is …