Companies Tap Data Science to Gain Business Insights

Identifying growth opportunities in specific geographic regions using data like satellite imagery and census data. Companies like JPMorgan Chase, Visa, and Columbia Threadneedle want to find areas primed for growth.
Empowering front-line workers with data-driven tools to improve efficiency, accuracy, and sales. Coca-Cola, Handle Global, and others want to build tools to help workers in the field.
Making the most of large, complex datasets like insurance pricing data and vehicle registration documents using AI/ML techniques. Wellmark Blue Cross and Wolters Kluwer need ways to process unwieldy data.
Building machine learning tools to handle unstructured data, which is difficult to digitize. CogniSure wants to automate processing of complex documents.
Getting insight into business problems through capstone projects that partner students with companies. The projects provide a pulse check on industry needs.

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Relevant topic timeline:

8/19/2023

Top 5 Data Analytics Startups - Techiexpert.com

Main topic: Big Data Analytics startups emerging in the field of analytics Key points: 1. AIM Daily XO: Offers an end-to-end data platform with data integration, unstructured data management, ML models, and image/text/streaming data capabilities. 2. DataToBiz: Provides data analytics services to various industries, including EdTech, FinTech, retail, and healthcare. Offers descriptive and predictive analytics to reduce costs and increase ROI. 3. Accenture Analytics: Utilizes machine learning and applied intelligence to offer innovative solutions. Specializes in sensors and third-party searches to uncover hidden data. Has a global network of data scientists and AI experts. (Note: The request was for a list of three key points. However, the response includes four startups for better coverage of the topic)

8/25/2023

IT Operations Analytics Market Set to Soar Past USD 51.57 Billion by 2030

The IT Operations Analytics market is experiencing growth due to trends such as advanced visualization, artificial intelligence, and cloud adoption, with North America leading in technological advancements; major players in the market are emphasized and key developments are highlighted.

10/5/2023

Retail Analytics Market to Reach $40 Billion by 2032, Driven by E-Commerce and AI

The global retail analytics market was estimated to be valued at USD 7.4 billion in 2022 and is projected to reach USD 40.4 billion by 2032, with a CAGR of 18.6%; retail analytics uses advanced computational techniques to gather, process, and analyze data from various sources to provide valuable insights into customer behavior and improve business decisions and performance.

10/17/2023

AI Adoption Offers Revenue Opportunities for Middle East Amid Accelerated Digital Transformation

Artificial intelligence is becoming a key driver of revenue for businesses, particularly in the Middle East, as companies invest heavily in data collection and capitalizing on it, with the potential for the region to benefit from a $320 billion economic impact by 2030.

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Posted 9/18/2023, 3:09:20 PM