The big data boom has brought many new terms and concepts to the forefront that may be well understood by IT developers, but can be confusing to business analysts and other end-users of big data applications. MapReduce and Hadoop are …
As the era of electronic banking shapes the industry in ways never before seen, banks have to decide how they will utilize the sheer volume of data that is streaming into organizations. Data is now being created, manipulated and transmitted …
The healthcare industry accumulates massive amounts of data on a continuous basis. It is rapidly streaming into organizations, from electronic medical records and laboratory reports to professional correspondence and health insurance claims. While this structured data in the hands of …
Managing risk is the cornerstone of the insurance industry. For organizations to fully manage risk, analysis of all data at their disposal is crucial. Technology may not make the actuarial and underwriter obsolete, but it can give these professionals the …
The diversity of providers within the travel and transportation industry largely experience similar challenges, irrespective of whether it is for personal travel or freight transportation. The highly competitive travel and transport industry means that providers have to cater for individual …
Data mining is a relatively new term to describe the process of finding new and unobvious patterns among large volumes of raw data in order to discover useful information and extract knowledge from it. For this reason, data mining is …
Big data has become somewhat of a buzzword in recent years. But it offers organizations a wealth of insight when analyzed and harnessed for decision-making. The volume, variety and velocity of incoming data that businesses face today means that specialized …