There exists a fundamental difference between a bank offering digital services and a bank becoming truly digital. The digital bank represents Finance 5.0 – the generation of banking that will arise in the next 5 years. Traditional banks will either need to partner with FinTech’s or take on the transformation process themselves. Key to this evolution will be the need to further develop digital capabilities as well as welcoming a fundamental mindset shift [1]. AI and Big…
Burning Glass Technologies is among the preeminent data analytics firm worldwide in the employment field. It tracks 3.4 million job listings daily, across more than 50,000 job boards and corporate sites, analyzing these listings by occupations, skills and qualifications requested. The starting point for the rebuilding of America’s job base is identifying and rapidly filling the jobs that are available and will be soon. Burning Glass data analytics provide insight on the current hiring, and…
Consumers are inundated every day with ads for products and services. The number of options is exhausting. What makes consumers stop and pay attention? As brands work to answer this question, they become more creative as a result. In fact, many are diving into the benefits of big data analytics. For instance, in 2016 Starbucks started using AI to send personalized offerings to its customers via email. Beyond customizing drinks to match personal tastes, the company uses…
When most data scientists talk about challenges with rising data demands, you assume this only affects large enterprises. However, 95% of businesses need to manage unstructured data, but many of them don’t know how. Small-to-midsize businesses (SMBs) are now taking advantage of business intelligence, analytics and big data, which is causing a rise in their need for data management. These businesses now turn to data lakes to provide better data availability and more efficiency. Data lakes are…
Tradier is teaming up with Q.ai, a Forbes company, to bring advanced AI-driven intelligent investing to retail investors. The collaboration aligns with Q.ai’s mission to democratize access to AI and other quantitative investing methodologies by giving traders data-driven insights and seamless execution to help them gain an edge on the market. Utilizing sophisticated machine-learning algorithms, multi-factor models and other deep quantitative AI tools, Q.ai will offer unique investment ideas and actionable insights. “As active investors and…
Much like term super, the big in big data comes with a certain amount of hype. Just as we now have supercars, supermodels, superspreaders and super-sized meals, we now have big business, big data and of course Big Macs. Regardless of the hype cycle, big data has firmly entered our tech-business vocabulary. We now use it as a kind of blanket term when we talk about the massive web-scale information streams being passed over the…
For data to be useful to humans, we have to be able to visualize it in a way that lets us understand the story it tells, and communicate it to others. Data visualization tools are constantly evolving to offer more powerful features while improving accessibility and user-friendliness. With an increasing number of job roles requiring us to present data to back up our decision-making, visualization tools are an increasingly important tool in our working lives. Today’s…
We can all agree on one thing: nobody likes to wait. When we go to the airport, we like our flights to be on time, and when we head to the grocery store, we want our ripe avocados to be in stock. Businesses don’t like to wait either: time is money. If a store is running low on avocados, the business wants to know as soon as possible, so they can get the restock process…
Data visualization tools are constantly evolving to offer more powerful features while improving accessibility and user-friendliness. With an increasing number of job roles requiring us to present data to back up our decision-making, visualization tools are an increasingly important tool in our working lives. Today’s top visualization and dashboarding tools are cloud-native, so they are able to connect with your data wherever it is stored, and the key trends are artificial intelligence, automation, and augmentation. This…
The term “big data” first emerged fifteen years ago to put a name to the increasingly large, diverse, and complex volumes of data that could not be easily managed by traditional data management practices. In recent years, as digital transformation picked up steam, big data has emerged as a primary fuel for the journey. “The ability to analyze vast amounts of structured and unstructured data to gain insights, often in real time, is what underpins most digital transformation…
