What is the role of data and analytics in business? The role of data and analytics is to equip businesses, their employees and leaders to make better decisions and improve decision outcomes. This applies to all types of decisions, including macro, micro, real-time, cyclical, strategic, tactica...
Explore Data Analytics with this guide and practical demo. Learn about what is Data Analytics and Discover how to turn information into insights.
Predictive analytics is the art of using historical & current data to make projections about what might happen in the future. Learn more for your business.
In this digital age, technology has revolutionized almost every aspect of our daily lives, and the banking sector is no exception. Traditional brick-and-mortar banks are being replaced by digital banking solutions that offer convenience, accessibility, and a wide range of services. Digital banking ...
point. The idea is that we would have these fixed options. When we record this in a table of a database, the value assigned to gender can only be one of these 4 values. So we say that the data domain for the gender column is "male", "female", "non-binary", or "not specified...
You see this often in banking, where big banks are building sidecar banks, because they want to go to a more digital-savvy, younger consumer who’s looking to the bank for a peer digital experience. That’s the foundation of digital. The challenge with the foundations of digital i...
There is high momentum for using AI technology, including GenAI tools, for fraud detection andregulatory compliance. Machine learning can be used to analyze data in real time to look for unusual patterns and flag new fraud tactics. GenAI is used to model normal banking behavior and identify acti...
Location:The place data is stored. Duplicate files often stem from the same exact files existing in multiple locations, either intentionally, as with a backup, or unintentionally via a cut-and-paste process that accidentally used a copy-and-paste operation. In some cases, virtual machines stored...
An example of structured data is found in banking systems, which record the receipts and payments from your current account: date, amount, receipt/payment, short explanations such as payee or source of the money. Structured data is easily accessible by well-established da...
While some data is as simple as a spreadsheet, other types are assensitiveand valuable as a secret recipe. This is where data classification steps in. It guides businesses through the subtle lesson of which types of data need protection and how tightly the door of the vault should be shut....