Big Data and Insurance by Graham Newitt, Advisor to The Data Company Everyone talks about the “Big Data” opportunity for Insurers but is this fantasy or fact? There are two quite distinct areas when talking about using big data, the first is to help acquire
Medicine and healthcare are two of the most important parts of human lives, and so it is vital that Data Science is used. In the past, healthcare of patients relied solely on doctors’ advice, which wasn’t always correct due to human error. However, advancements in
The finance industry generates lots of data, which they can then use to produce meaningful insights to help with their operations. What’s more, it has changed the way financial organizations perform their daily activities. Below, we look at some of the ways that the finance
With 41% of construction businesses needing forecasting to allow them to better prepare for best and worst-case scenarios, big data is something that is vital to increase efficiency and productivity. Below, we delve deeper into how the construction industry is using big data. Improved Design
We are living in a new technological revolution, where machine learning applications are used in our daily life, from unlocking our smartphones to making bank transactions. Below, we look at ways that we all use machine learning in our day to day lives. Financial Sector
“The world is one big data problem.” – Andrew McAfee, principal research scientist, MIT. Every business has tons of readily data available. Data has become the biggest asset of every business. Yet most businesses only generate reports and insights out of a fraction of their entire data.
Like most software or tools, predictive analytics can cause challenges or problems for companies, which are often not recognized until the technology fails to deliver the expected results. These problems can sometimes arise from poor planning or unrealistic expectations, but there are some easy ways