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Big Data to Play Key Role in Future of Bankruptcy Proceedings

Smart Data Collective

We have previously emphasized the huge benefits that big data plays in the financial industry. billion by 2028. Most of the discussions about the role of big data in finance center around actuarial models in the insurance sector and using data analytics and machine learning for stock market predictions.

Big Data 131
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Problems Solved with AI And Machine Learning in Customer Service

Smart Data Collective

The marketing profession has been fundamentally changed due to advances in artificial intelligence and big data. The market size for AI in marketing is expected to grow ove r 31% a year through 2028. Artificial intelligence and machine learning tools have advanced over the years.

professionals

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Data lakes vs. data warehouses: Decoding the data storage debate

Data Science Dojo

You can perform analytics with Data Lakes without moving your data to a different analytics system. 4. According to Allied Marketing Research, the global data warehousing market is projected to grow at over 10% CAGR to reach up to $51.18 Additionally, unprocessed, raw data is pliable and suitable for machine learning.

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Thomson Reuters Future of Professionals Report Predicts AI will Have a Transformational Impact on Professional Work by 2028

insideBIGDATA

Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, released its Future of Professionals Report. The survey of more than 1,200 individuals working internationally shares the predicted impact that generative AI will have on the future of professional work.

AI 195
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Discovering the Role of Data Science in a Cloud World

Pickl AI

Summary: “Data Science in a Cloud World” highlights how cloud computing transforms Data Science by providing scalable, cost-effective solutions for big data, Machine Learning, and real-time analytics. This accessibility democratises Data Science, making it available to businesses of all sizes.

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Future insights and challenges in data analytics with Aksinia Chumachenko

Dataconomy

The global data analytics market is forecasted to increase by USD 234.4 billion from 2023 to 2028. To learn more about the trends of data analytics fields, their prospects, and their challenges, we talked to Aksinia Chumachenko, Product Analytics Team Lead at Simpals, Moldova’s leading digital company.

Analytics 113
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How Data Analytics Can Change the Way In-House Legal Departments Do Business 

Smart Data Collective

Law firms are expected to spend over $9 billion on legal analytics technology by 2028. Last year, we published an article on the ways that big law and big data are intersecting. A few years back, it was almost impossible to obtain any valuable insights from the massive amount of legal data available.

Analytics 103