News & Insights
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News & Insights
The Data Challenge – Artificial Intelligence requires data and data requires AI
Artificial Intelligence requires significant data, building and deploying AI and machine learning systems requires significant data sets. Creating key machine learning algorithms is dependent on large volumes of data. To expand and deepen the results and findings made by the algorithm, machine learning requires data from a range of sources, in various formats and from […]
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News & Insights
The Data Challenge – Artificial Intelligence requires data and data requires AI
July 28, 2021 by Mike Jones Artificial Intelligence requires significant data, building and deploying AI and machine learning systems requires significant data sets. Creating key machine learning algorithms is dependent on large volumes of data. To expand and deepen the results and findings made by the algorithm, machine learning requires data from a range of sources, in […]
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News & Insights
Over 60% of UK financial services businesses are using alternative data to enhance their decisions
Financial services businesses within the UK are becoming more reliant on scraping alternative data sources, with over 60% using alternative data to improve their decision-making process. The new report ‘The Growing Importance of Alternative Data in the Finance Industry’ by Oxylabs highlights the significant rise in web scraping for alternative data over the last year […]
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News & Insights
How the rise of Open Banking could yield benefits to traditional finance groups
Open banking is the transfer of financial data and a trend that inevitably is likely to increase. While open banking empowers fintech and larger technology businesses, a report by McKinsey suggests several significant benefits for established banks and financial organisations that may have not been previously recognised. Industry experts highlight how our world is changing […]
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News & Insights
Over 60% of UK financial services businesses are using alternative data to enhance their decisions
July 21, 2021 by Mike Jones Financial services businesses within the UK are becoming more reliant on scraping alternative data sources, with over 60% using alternative data to improve their decision-making process. The new report ‘The Growing Importance of Alternative Data in the Finance Industry’ by Oxylabs highlights the significant rise in web scraping for alternative data […]
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News & Insights
How the rise of Open Banking could yield benefits to traditional finance groups
July 21, 2021 by Mike Jones Open banking is the transfer of financial data and a trend that inevitably is likely to increase. While open banking empowers fintech and larger technology businesses, a report by McKinsey suggests several significant benefits for established banks and financial organisations that may have not been previously recognised. Industry experts highlight how […]
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News & Insights
The rise of alternative data
July 16, 2021 by Mike Jones Many business leaders believe that traditional practices can only deliver a certain level of results. This way of thinking has influenced financial and investment leaders to combine conventional data sources with other innovative practices. In the pursuit of delivering the highest results and gaining a market advantage in the finance industry, […]
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News & Insights
The rise of alternative data
Many business leaders believe that traditional practices can only deliver a certain level of results. This way of thinking has influenced financial and investment leaders to combine conventional data sources with other innovative practices. In the pursuit of delivering the highest results and gaining a market advantage in the finance industry, businesses are exploring new […]
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News & Insights
How big data has transformed the finance industry
There have been very few technological innovations that have impacted the finance industry, like Big Data. The traditional days of customers visiting local banks have been replaced with a wide range of diverse online products, as well as some use of in-branch services. The banking industry experienced a significant transformation with the emerging digital changes. […]
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News & Insights
How big data has transformed the finance industry
July 14, 2021 by Mike Jones There have been very few technological innovations that have impacted the finance industry, like Big Data. The traditional days of customers visiting local banks have been replaced with a wide range of diverse online products, as well as some use of in-branch services. The banking industry experienced a significant transformation with […]
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News & Insights
Decision-driven data analytics is the best option for businesses
Across the entire business, the predominant focus lies in implementing data-driven decision-making processes. Applying the potential of technology, advanced analytics and data, combined with human power to generate smarter decisions. Despite the benefits, many businesses fail to deliver what they regard as a measurable value from their data. A study by Accenture recently discovered that […]
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News & Insights
Understanding the future of finance analytics
Businesses today are consumed by so much data, some face the challenge of accessing the information or lack the right tools to analyse their data. The digital transformation of the finance industry has been happening for several years now. The potential to automate manual processes has enabled finance to transition from its conventional reporting processes […]