by Stephanie Rabinowotz | Dec 9, 2015 | Business Optimization, Project Management
Ever wonder if Big Data could be used in Law Firms?
When we think of a law firm we don’t generally picture a bunch of lawyers sitting around computers crunching data, but the reality is that there is a lot of paperwork and analysis involved in law.
The processes in law are long and rigorously documented, meaning there is a lot of information lawyers much go through when remaining educated on a case. This Big Data Lawyer enlightens us on how Big Data could be used to analyze documents, saving lawyers valuable time.
CLICK HERE to listen to this podcast and learn how
Big Data lawyers believe the utilization of Data Analytics in law firms could be highly beneficial!
by Stephanie Rabinowotz | Dec 7, 2015 | Big Data, Creating Competitive Advantage
Imagine being able to go about your day and know that a computer is making you money. You don’t need to sit in front of it, you can go golfing or into the office and know that back home you are potentially scoring extremely valuable stocks. This is now being accomplished through trading algorithms.
Algorithms are a clear set of instructions telling a computer what to do and when to do it. Algorithmic trading is a new use of Big Data in finance. The theory behind algorithmic trading is that a computer is set up with algorithms giving defined rules and parameters on when to trade or sell. Computers can scan through stocks and pick out stocks that have dropped or risen in price to buy or sell at the precise time to ensure optimal earnings.
Through this process investors are learning how to rely on these algorithms to make trading decisions and act much quicker than any human can. Using computers also takes the human emotion element out of the equation, leaving objective data to make decisions. Although this sounds like an intriguing way to make money, one must also be very cautious when trusting a computer with their money. Investors are encouraged to learn coding to make their own customized algorithms and systems that have set perimeters and conditions. This would be the only way to securely trade without a high risk of a possibly devastating malfunction.
This trading process is just another way Big Data is revolutionizing the financial industry. To learn other ways Big Data is influencing the Finance industry make sure you read Business Optimization, Customer Satisfaction and ROI.
by Stephanie Rabinowotz | Dec 4, 2015 | Health Care, Save With Data
We have all been there- that frustrating process of trying to find a new doctor that fits your needs. Many times people get placed on an up to four months waiting list to get an introductory visit with a new doctor. This is absurd having to wait months just to meet a doctor and not know if you are even going to like them.
There us a new app out there that is helping people with this issue. The free healthcare app called Amino allows people to research doctors in a way we have never seen before. This healthcare app takes big data from insurance claims and blocks out the personal information, leaving just information about doctors and their practices. Amino tracks doctors like they are athletes and keeps very accurate stats on each one of them. Amino allows you to see how many patients doctors see a day, the amount of tests they run and what they specialize in based on the number of times they have practice that particular skill and its success rate.
This new healthcare app can even show you doctors that have the most experience working with people who show the same symptoms or have the same healthcare issues as you do. Amino is making it extremely convenient for the general population to be matched with a doctor that will best be able to provide them with the health care they need.
Check out some other ways Big Data is revolutionizing Health Care in this great article!
by Stephanie Rabinowotz | Dec 2, 2015 | Creating Competitive Advantage, Customer Satisfaction
The majority of adults indulge in the occasional glass of wine or beer, some more than others, but never the less liquor is a consistently successful industry. The issue is that there are so many players in the field that competition is constantly on the rise. With a continual stream of new products being released how can businesses set themselves apart to gain a competitive edge? How can businesses get more accurate and up to date feedback from their consumers?
When Big Data is used as an analytics tool it has proven to provide invaluable results. There is such a wide demographic of alcohol consumers that it becomes difficult to track consumer trends and acquire better marketing techniques. Big Data analytics can dig out the patterns in consumer trends and give the manufacturer feedback on where they need to improve to be more successful.
This insightful podcast reveals some great advice for beer and liquor vendors through using Big Data as a tool to better manage development as well as customer satisfaction!
Check out this podcast and learn how liquor vendors and manufacturers can take the lead against competition and up their annual sales!
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