Everything’s great. Data and AI are propelling all sectors. We get all the required info in the palm of our hand. All good, everything is peachy, except… …having to wait for data scientists to extract the information one wants. Well, not anymore. Thanks to Natural...
Big Data
Recent Articles
#TheAIAlphabet: B for Bellman Equation
AI, AI on the screen, which route is the best of all? If AI concepts were retold as fairy tales, this twist of the famous dialog from Snow White and The Seven Dwarves would be the best way to summarize the Bellman Equation. Simply put, this fundamental block of...
25 Recommender Algorithms, Packages, Tools, and Frameworks: Your Gateway to Exploring Personalized Recommendations
In today's digital age, where information overload is a constant challenge, personalized recommendations have become an essential part of our online experiences. Whether it's suggesting movies, books, products, or even potential connections, recommender systems play a...
AI model stores: time saver or just another layer?
You walk into a restaurant that claims to have the world’s best chef. Once you’re seated, you ask for the menu. The waiter says, “There’s no menu here. We cook whatever you want.” The next time you’re out for dinner, you walk into a restaurant and the menu is handed...
Leveraging LLMs: Revolutionizing ecommerce and transforming customer experience
Today, information is abundant. Customer expectations are soaring. And enterprises are seeking innovative ways to deliver an exceptional customer experience (CX). Large Language Models (LLMs) have now become part of dinner-table conversation. They're all-pervasive....
Not using AI could be an existential threat for companies
Date: 7 June, 2023 Source: Vulcan Post “Data is the new oil” – the famous quote by British mathematician Clive Humby has resonated well over the years. Today, trillion-dollar companies such as Google and Amazon serve up perfect examples of just how valuable data can...
AI-first banking is a mindset, not a technology
Date: May 3, 2023 Source: The Asian Banker In the age of relevance, irrelevant notifications are a major turn-off. How can banks leverage the power of AI to dial up their business? That's what Suresh Shankar, our founder and CEO is here to speak about. Surging...
AI in the gameplan
When Avinash Singh, a 24-year-old debutant with no domestic cricket experience, came up in the player auctions of the Indian Premier League (IPL) 2023 at a base price of Rs 20 lakh, it was a slight surprise. And when he was bought by the Royal Challengers Bangalore...
Unlocking Vietnam’s digital future with data and AI
Date: March 2023 Source: EIN News “Despite 93% of the Vietnamese population having at least one banking app, 71% of the apps underperform at utilizing customer data. Data and AI platforms aim to transform raw data into consumable outcomes. In addition, algorithms aim...
Unlock the Power of Data-as-a-Service (DaaS) for Enhanced Customer Experience
2023 is the year of Customer Experience (CX). 86% of customers say they would pay a premium to brands that offer a fabulous experience. Companies with an annual revenue of 1 Bn USD can earn an added 700 Mn USD within three years of investing in CX. There’s no doubt...
CXaaS: Advanced strategy for revenue acceleration
In today’s attention economy, customers are spoilt for choice. Everybody wants a Spotify/Netflix-like experience with businesses. Did you know that 32 per cent of customers would walk away from a brand after just one negative experience? As the saying goes, fool me...
AI for social good: tech solutions that change lives
Would you live as an undocumented person for three months? Lucia Gallardo, Founder & CEO of Emerge, did just that. Her aim: to understand the problems they face. For context, Emerge is a tech lab that works at the convergence of sustainable development and social...
How Big Data works in marketing: Vidhyashankar Sriram on Transformarketing podcast
“To us, transactions are the best communicator of who you are as a customer” Vidhyashankar Sriram, our VP of Client Solutions, joins Prashant Malkani on the podcast #Transformarketing. In this interaction, they talk about what Big Data is, it’s scope in marketing, and...
Demystifying Big Data: Your guide to data sources and privacy
From zero-party to third-party data and everything in between - find out how data sources can influence privacy issues Homo sapiens aren’t done evolving. They continue to show changes in physiology and behavior. One key difference from our early ancestors is our...
Data storytelling: compelling narratives for revenue growth
Data tables were once called Information Systems. MIS then became Dashboards. Dashboards transformed to Data Visualization. Which is now Data Storytelling. But the real story gets hidden under these constantly evolving terminologies. Each step of change carried its...
Slaves to the Algo | Innovation for Impact: Powering the Scottish Economy with Data and AI | Gillian Docherty OBE
Computer-scientist and business leader Gillian Docherty joined us in this week's episode of Slaves to the Algo to talk about how data and AI can transform outcomes across multiple sectors for an entire country: Scotland. Appointed an Officer of the British Empire in...
Slaves to the Algo: Artificial Intelligence (AI) is the next electricity | Tim Kobe, Eight Inc
We’ve all heard of the age-old adage of the right vs the left brain. In this episode, Tim Kobe, legendary architect and founder of Eight Inc and often referred to as "Apple's Best Kept Secret," talks about a revolutionary new hybrid model. There is no real dichotomy...
Slaves to the Algo: Good algorithms should augment, not control, lives | John Kim, Expedia (Part 1)
How do you create great AI that can make use of data that hasn't been even created? How will you prepare for a world where 90% of the data you will have in 2022 doesn't exist today? John Kim of Expedia discusses these matters and why tech giants with the ability to...
Slaves to the Algo: The secret behind unique customer experiences in the age of relevance
Harvard Business Review calls the 20s the start of the "age of relevance" driven by a new 5Ps. Advances in analytics, big data and AI make it possible for digital disrupters to deliver relevance. In this episode, Suresh uses his decades-long experience to explain...
The Role of Big Data in Mobile App Development
The radical increase in mobile users has entailed the improvement of the mobile app industry. Mobile application development agencies help businesses in planning and designing exclusive and robust mobile apps that can fulfill the requirements of clients. People are...
How big data is battling child abuse
Technology and data unite every aspect of our lives, and the digital information that we produce is being put to new uses every day. Predictive analytics are used by major card companies to detect fraud, while marketers use data to make campaigns more effective and...
Crayon Data presents the power of personalization @ Big Data APAC Virtual Summit
December 2020: CEO and co-founder of Crayon Data, Suresh Shankar delivered an insightful talk on "The power of personalization in a post-COVID world" at the Big Data APAC Virtual Summit 2020. This article was originally published on the Crayon Data blog. Read the full...
Suresh Shankar on the power of personalization in a post-COVID world @ Big Data APAC Virtual Summit
December 2020: CEO and co-founder of Crayon Data, Suresh Shankar delivered an insightful talk on "The power of personalization in a post-COVID world" at the Big Data APAC Virtual Summit 2020. Key highlights from the talk 85% of customers today demand personalized...
Big data in manufacturing: The benefits
The big data revolution is upon us. Whether you work in an office building, a factory or out in the field, you’ve likely used some form of data analytics and the Industrial Internet of Things (IIoT) at some point or another. Depending on your profession, you might...
Big Data and AI: 4 ways they’re playing a major role in reducing the spread of Coronavirus
The only news that matters in the world these days is how the fight against the coronavirus is proceeding. Of special interest to most citizens are how China and Taiwan are or are not making progress in the battle. China, in particular, as ground zero for the pandemic...
How using predictive analytics and big data in Forex Trading can enhance your success
With an average daily turnover of approximately 5.1 trillion USD, the Forex market is the most liquid market on earth. With technological advancements, it has become easier for investors to trade currencies through online Forex trading platforms. But it isn’t easy to...
Big data in the water industry: How does it provide big value?
Water treatment is highly resource-intensive and typically relies on equipment that can be expensive or difficult to maintain due to the harsh conditions in water treatment plants. As a result, any opportunity to improve maintenance strategies or cut back on resource...
The role of big data in economic development
In some ways, data has become one of the most valuable resources in the world today. Our technologically-enriched, device laden lifestyles depend on the speedy and reliable transference of data. Businesses are investing in the collection and analysis of data in order...
What does transition from big data to fast data mean
Over the last decade, no trend in computing has generated more buzz than “Big Data”. Computer makers, software companies, and IT experts frequently announce that it's changing everything. Your company is told it needs to incorporate big data or get left behind.When...
Big Data and internet browsers: Convenience vs. Privacy
As you surf the internet, you leave a trail of invisible big data in your wake. Logging into Facebook, clicking over to a news website, or shopping on Amazon leaves breadcrumbs that many websites funnel into data collection. Big data is big business not only for...
How Can Big Data Improve Inventory Management?
Big data is making big waves in business. By collecting and analyzing massive pools of information, companies can optimize nearly every facet of their business. These data-based solutions make services more profitable for companies and more helpful for customers....
Big Data and Healthcare: Where Are We Heading?
Every day, the healthcare industry collects a constant stream of data from a variety of sources. Healthcare data includes billing and payment information, patient health history, data from wearables, and more. Without data science, it would be virtually impossible to...
Big data for business: How it can be used
Big data is all the rage in big business. However, if you run a small business, you likely think that this powerful source of insights is out of your reach. You may be more mistaken than you realize. Big data is not only something that a small- or medium-sized...
5 ways big data is changing the healthcare industry for the better
Technology is making it possible for amazing strides to be achieved in the healthcare industry. In fact, there are many ways in which big data is innovating healthcare overall. For example, McKinsey reports that “Kaiser Permanente has fully implemented a new computer...
Big Data: Using it to fight credit card fraud
In an age where information is becoming ever more valuable, many parties have taken it upon themselves to accumulate as much information on as many people as they possibly can. While the potential benefits of this data mining are well-known as it pertains to better...
4 data trends that are transforming the global fitness industry
For several years, big data (and the analytics it feeds) was a concept that was only being explored by deep-pocketed companies and other large organizations. Now the technology required for it is standardized and less resource-heavy. So, big data has spread to all...
Why you should apply Kanban principles to big data projects
Kanban has proven to be a viable approach for many types of projects, from large ones with multiple layers of complexity, to smaller jobs that can comfortably be pulled off by one or two people. And with the rise of big data in the last decade, it made full sense that...
5 ways big data disrupted research for mutation identification and causes
The rise of big data has become a significant turning point in biomedical research. Twenty years ago, it cost $100 million to sequence a single human genome. With the advent of high throughput sequencing technologies, sequencing the human genome has become faster and...
Big Data: How to use it to fill business vacancies
If you own or run a business, one of the many things you may have to take responsibility for is taking on new members of staff. This can be a grueling and time-consuming process, and it is only natural that you want to ensure you have the right candidate for the job...
How small businesses are leveraging big data to change financing, lending & creditor relationships
Small business loans traditionally come with massive origination costs attached to them. When you consider the revenue generated, they tend to have some of the highest relative fees for the lender. Smaller and mid-sized banks exist to serve their communities in part,...
8 ways big data is being used to create the next generation of mobile apps
Big data can help increase app engagement, optimize resources, and provide a significantly better user experience. It can personalize content delivery and make the content more relevant. For business, it can improve conversion rates. Quite simply, big data can provide...
Digital marketing: can data improve creativity?
There are all sorts of data flowing through your network. From customer data that includes contact information as well as purchase activity to the daily hits on your website to posts on your blog that generate a lot of attention. If it hasn’t sunk in yet, that data...
Big data and the insurance sector: the latest trends
Actuarial scientists have made use of PCs ever since the first affordable microcomputers came on the market. This is one field where automation and AI are old news. What's making headlines in the industry, though, is the fact that cloud-based infrastructure is now the...
Big data: can overemphasis on data scalability compromise data quality?
I first heard the term “big data” five years ago. The concept has really changed our lives in spectacular ways. Unfortunately, the term itself might be leading decision-makers astray. They believe that the value of big data is predicated almost entirely on its volume....
Business intelligence & big data: how are they connected?
Recent trends indicate personalization, customization, and customer-centric marketing are essential to success and growth for businesses. Big data, especially when analyzed by AI, is also essential to reaching consumers and filling their needs. How can we utilize...
Predictive analytics in the travel industry: use cases
The latest technological advancements have taken the world by a storm. It’s immensely impressive to see how much better and convenient our lives have become, thanks to those advancements. One such recent development is the discovery of big data. It’s the concept to...
How big data is changing the way marketing teams strategize
We always hear how big data can change the face of our business. And how it’s the most important tool for growth. The question really comes down to this: what exactly is big data? Big data is a collection of information that companies can use to make actionable...
Big data & the internet: how ISPs are using analytics to help customers
Over the last several years, there's been plenty of media coverage centered around all of the ways that internet service providers (ISPs) have taken advantage of big data to create new profit centers in their operations. In some cases, they've used it to power highly...
How big data is disrupting the semiconductor and electronics manufacturing industry
The semiconductor industry has grown exponentially in recent decades, as more devices rely on them to function. Everyone carries around semiconductors in their pocket or purse, in the form of a smartphone or laptop. As the industry continues to change, big data is...