Tag Archive: big data

Applying Big Data to Risk Management

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The era of Big Data is here. Information now exceeds fantastic proportions, globally measured in zettabytes (each zettabyte is a billion terabytes) and growing at an exponential rate that defies comprehension. According to the IDC, global data is expected to grow from 23 Zettabytes (ZB) in 2017 to 175 ZB by 2025. And depending on your industry and specific organization, you likely have plentiful external and internal data sources readily available for mining, applying predictive analytics and creating viable projections. Leveraging data allows companies the ability to improve income streams, more effectively direct operations and enhance the customer experience. Overall your organizational health improves dramatically when data is accurately assessed. But big data also is a powerful – and vital–tool…