The finance industry generates a huge amount of data. Did you know big data in finance refers to the petabytes of structured and unstructured information that helps anticipate customer behaviors and create strategies that support banks and financial institutions? The structured information managed within an organization enables providing key…

Big data in human resource management refers to the use of several data sources to evaluate and improve practices including recruitment, training and development, performance, compensation, and end-to-end business performance.

It has attracted the attention of human resource professionals who can analyze huge amounts of data to answer important…

Marketers are now using data-driven analysis and approaches to utilize accurate research data for their marketing campaigns. Not every data and its digging strategy is relevant and accurate enough to be adopted by a company. The question is how to avoid unauthentic data driving techniques and data…

Visit the KDNuggets.com Statistics page and download a free outlier analysis boxplot template from the Topics section. Boxplot analysis can solve business analysis problems. This free…

Big data analytics are used in the tremendously big, varied data groups that include organized and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining…

How do modern banks use Big Data? 

Recently, we have been hearing about Big Data more and more often. In today's digital world, this technology is being actively used in the financial industry as…

Big data analytics are used in the quite classy analytic techniques on tremendously big varied data groups that include organized, and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining to a massive…

The Healthcare sector is one sector that is always in demand. Lately, the rate and necessity of patient responsibility and innovative medicines have developed. With the growth in such requirements, the latest technologies have been adopted in the industry. One such significant development that had to take place is the application of Big Data and…

Telecommunications customer service teams have long been tasked with multiple roles – delivering superior experiences, being savvy with multiple tools, working with bots or assisted automatons, and curating omnichannel interactions to name a few. They are also responsible for ensuring that customers complete payments and clear their dues on…

Data science can be considered to be a new buzzword in the world of technology. Data scientists and big data engineers hold the promise of high pay and excellent job growth. In order to explore this beautiful world of data…

The insurance industry is a late bloomer in adopting cutting-edge technologies.

However, the rapid growth in the new-age technologies, such as AI, ML, blockchain, big data, cloud computing, IoT, is driving a shift in the insurance industry. The insurers are making strategies to…

Data visualization is one powerful arsenal in data science.

Visualization simply means drawing different types of graphics to represent data. At times, a data point is drawn in the form of a scatterplot or even in the form of histograms and statistical summaries. Most of the displays shown are majorly descriptive while the summaries are…

Companies and businesses around the world have been forced during the last year to shift their activity online. This is because people are spending more time online than ever. There, you can promote your business, organize contests, connect with customers, and improve your brand awareness. At the base of all these…

Perhaps most organizations already know what to do with the data gathered. The data is used to make better decisions at work, right? But do you have all the skills needed to parse swaths of data thrown at you?

Well, you might not need to do the digging all by yourself, but you do need to know how to correctly interpret the analysis created by your data…

Big data analytics is concerned with examining data to uncover correlations, hidden patterns, customer preferences and market trends that can enhance decision-making. People are advancing the data science careers to become data analysts and…

Big data is becoming a much-talked-about phenomenon across different fields, from marketing to IT. There’s an abundance of information on mining data resources, but the effect of analytics is only seen if it can bring meaningful change. …

Big data is becoming a much-talked-about phenomenon across different fields, from marketing to IT. There’s an abundance of information on mining data resources, but the effect of analytics is only seen if it can bring meaningful change. …

There’s a good chance that by now you have heard this famous saying: Data is the new oil. We are, after all, generating more data than ever. Don’t believe it? Then how about the fact that over 90 per cent of the total data in the world was generated just in the last two years. Yes, sir. Anyway, but what do we do with all this data? Well, we…

Most companies have big data but are unaware of how to use it. Firms have started realizing how important it is for them to start analyzing data to make better business decisions.

With the help of big data analytics tools, organizations can now use the data to harness new business opportunities. This is return will lead to smarter business leads, happy customers, and higher profits. Big data tools are crucial and can help an organization in multiple ways – better decision making,…