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Big Data

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At any given moment, a single person creates roughly 1.7 MB of data. We’re creating and putting more information out there than at any other point in human history. At this rate, by the end of the year, we can expect the Big Data market to reach 40 trillion gigabytes. That’s more data than most of us can even begin to imagine. Now, this data contains everything from the pictures you upload on social media to…

Businesses have been using big data for years. Analyzing large data sets, they get invaluable insights and uncover patterns and trends in their area of interest. Yet, the concept of big data has evolved. Today, it goes beyond marketing purposes and thus can be helpful in many other industries, in particular in education. Schools, colleges, and universities get benefits from the use of big data algorithms to process huge amounts of data, including information on students’ grades, attendance,…

Caesar’s Entertainment announced that it had reached an agreement on the terms of a recommended cash acquisition of British betting house William Hill for approximately $3.7 billion. If this transaction goes through, the company will be more diversified in terms of geographical exposure and the type of gaming it offers to its customers. Interestingly, only three months ago, Eldorado Resorts bought Caesar’s for about $17,3 billion, after billionaire investor Carl Icahn joined the board and supported the company’s sale. Caesar’s…

It is the year 2020, and enterprises are investing heavily in privacy programs. The International Association of Privacy Professionals (IAPP) defines information privacy as “the right to have some control over how your personal information is collected and used.” Motivated by regulatory pressure (for example, the European Union’s General Data Protection Regulation and the California Consumer Privacy Act), chief privacy officers (CPOs) are leading initiatives related to data discovery, data protection, privacy enforcement and compliance reporting. Working…

Big data has immense value, but there is little doubt it remains extremely vulnerable to hackers and malicious actors. Billions of people have had their personal information compromised in recent years, and the tech industry is actively seeking to increase cybersecurity efforts and find more efficient ways to protect big data before breach issues get even more out of hand. The answer may lie in using the power of big data to protect itself. It may sound…

According to a Nielsen report, brick-and-mortar alcohol dollar sales were up 21% in April 2020 compared to the same period a year ago. Online alcohol sales skyrocketed by 234% over the same period in 2019. However, despite the increase, global sales are decreasing due to the shutdowns in restaurants, bars, live events and travel. Next Century Spirits is a liquor technology startup with $9.6 M in funding. The company uses big data and machine learning to create and filter bespoke…

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…

Today, Caesar’s Entertainment announced that it had reached an agreement on the terms of a recommended cash acquisition of British betting house William Hill for approximately $3.7 billion. If this transaction goes through, the company will be more diversified in terms of geographical exposure and the type of gaming it offers to its customers. Interestingly, only three months ago, Eldorado Resorts bought Caesar’s for about $17,3 billion, after billionaire investor Carl Icahn joined the board and supported the company’s sale.…

Every business manager and marketing pro understands the importance and power of understanding what drives their customers and prospects, seeing big data as the key that opens that treasure chest. What is sometimes lost in the larger picture of effective marketing is the actual consumer. Intuitively, most customers and prospects can sniff out businesses looking for sales instead of learning what the client desires and meeting their wants and wishes. And when business interests prevail…

Researchers across the globe are developing medicines based on technology that would have sounded like science-fiction a few years ago: cancer vaccines, stem cells that cure genetic disorders, brain-computer implants and more. But the clinical trial process to bring these advances to market is stuck in the 20th century: time-consuming and clunky, managed with spreadsheets and reams of paper, making data difficult to access and share. Derk Arts is changing that with the company he…