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Source: healtheuropa.eu Guest contributor, Ilya Kislenko, discusses how big data can revolutionise the healthcare industry. In the US alone, healthcare costs are surging. In 2017, the spending amounted to $3.5 trillion (€3.2 trillion), with the average hospital stay day valued at $3,949 (€3,658), and the average hospital stay costs at $15,734 (€14,577). These expenditures are a real Read More

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Source: poetsandquants.com From Wall Street trading floors to Amazon’s huge knowledge base on customer preferences to Tesla’s self-driving software to Major League Baseball’s analytics-driven front offices, Big Data—which, when connected to machine learning and/or artificial intelligence, aggregates massive datasets to analyze patterns of behavior and performance—appears to offer unlimited upside. As of 2015, information and Read More

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Source: inc42.com As the Indian government plans modernisation of railways, the government’s plans for the future of technology interactions within railways include internet of things (IoT), big data and artificial intelligence. Speaking at an industry summit in Bhubaneswar, RailTel chairman and managing director Puneet Chawla said the Indian Railways will rely heavily on technology as it focusses Read More

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Source: traveldailynews.com 44 per cent of travel technology experts predict that ‘Big Data’ will have the biggest impact on the growth of sustainable travel, according to a survey by Travel Technology Europe. Big Data, which enables patterns, trends, and associations relating to human behaviour and interactions to be identified and analysed, was highlighted alongside a number Read More

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Source: greenbiz.com “Big data.” “Artificial intelligence.” “Supply chain.” These buzzwords are fast becoming a part of our everyday lexicon. And because they’re bandied about so much, it’s worth taking a closer look at each of them and their role in shaping more responsible consumption. Consumerism isn’t going away — and we don’t believe it needs Read More

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Source: army.mil ABERDEEN PROVING GROUND, Md. — A big data approach to neuroscience promises to significantly improve our understanding of the relationship between brain activity and performance. To date, there have been relatively few attempts to use a big-data approach within the emerging field of neurotechnology. In this field, the few attempts at meta-analysis (analysis Read More

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Source: mobileappdaily.com The fundamental idea of data creating business models has matured now. The effective and proposed use of data is now the basis of prevalent competition between mobile app development companies. Today, enterprises want to derive quality insights from the information because it will help them make smarter, better fact-based, and real-time decisions. These Read More

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Source: itweb.co.za Research shows that insurance executives are recognising the opportunities associated with big data. Of course, they are no stranger to the importance of data analysis, given how the industry is built around understanding market requirements and developing solutions accordingly. With the help of technological advances, says Kelly Preston, data analytics manager at SilverBridge, it Read More

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Source: infosecurity-magazine.com The benefits of industry 4.0 have been well reported and the world of work has been revolutionized. Almost every organization operating today actively utilizes, or relies on, technologies that are becoming increasingly advanced. Both industry and society have adopted a data-driven culture in which information drives intelligent decision making and previously unheard-of efficiencies. Read More

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Source: oilandgasmiddleeast.com Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is increasing the need for adoption of data management solutions for improved operational visibility. This approach also helps identify bottlenecks in operations and uncover patterns and relationships across diverse Read More

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Source: forbes.com I have written on several occasions about Netflix’s use of data analysis and how this strategy has given it a clear advantage over traditional approaches based on studio executives’ “gut feeling”. We now have tangible evidence of the success of this strategy: in December Netflix dominated the Golden Globes nominations, and at the Read More

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Source: analyticsinsight.net The explosion of Big data has resulted in many new opportunities for the organizations leading to a rapidly increasing demand for consumption at various levels. The big data applications are generating an enormous amount of data every day and creating scope for analysis of these datasets leading to better and smarter decisions. These Read More

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Artificial Intelligence