article thumbnail

Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

Financial services organizations need a modern data platform that allows them to anonymize data and share it without moving or copying it or risking the exposure of PII. Increasingly, financial institutions will monetize their data through apps and data marketplaces.

article thumbnail

Big Data Analytics: How It Works, Tools, and Real-Life Applications

AltexSoft

And that’s the most important thing: Big Data analytics helps companies deal with business problems that couldn’t be solved with the help of traditional approaches and tools. This post will draw a full picture of what Big Data analytics is and how it works. Big Data and its main characteristics.

article thumbnail

5 Steps to Data Diversity: More Diverse Data Makes for Smarter AI

Snowflake

An end-user-facing data catalog or marketplace can improve discoverability and access. Transform unstructured data to expand available internal data. To ensure that all data is made available, organizations must adopt tools to transform unstructured data into usable formats.

article thumbnail

The Future Is Hybrid Data, Embrace It

Cloudera

In the past decade, the amount of structured data created, captured, copied, and consumed globally has grown from less than 1 ZB in 2011 to nearly 14 ZB in 2020. Impressive, but dwarfed by the amount of unstructured data, cloud data, and machine data – another 50 ZB. The future is hybrid data, embrace it.

IT 118
article thumbnail

Machine Learning Made Easy: Q&A with Snowflake Head of Artificial Intelligence and Machine Learning Strategy Ahmad Khan

Snowflake

With all the hoopla around AI, there’s a lot to get up to speed on—especially the implications this technology has for data analytics. Ahmad has not only witnessed the emergence of AI in the data space but helped shape it throughout his career. AI unlocks new data use cases. Some takeaways?

article thumbnail

Accelerating Insight and Uptime: Predictive Maintenance

Cloudera

In fact, McKinsey points to a 50% reduction in downtime and a 40% reduction in maintenance costs when using IoT and data analytics to predict and prevent breakdowns. Navistar relies on predictive maintenance, which leverages IoT and data analytics to predict and prevent breakdowns of commercial trucks and school buses. “We

article thumbnail

What are the Features of Big Data Analytics

Knowledge Hut

You'll be better able to comprehend the complex ideas in this field if you have a solid understanding of the characteristics of big data in data analytics and a list of essential features for new data platforms. What Are the Different Features of Big Data Analytics?