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Data Science for Finance: Benefits, Applications, Examples

Knowledge Hut

I’ve observed that ever since data science techniques and approaches, including data science for finance, have made their way into different industrial domains, the growth has been tremendous. That is why companies are introducing data science into their operations and looking for people who can do efficient data analysis.

Finance 93
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Parcel Protection: Inside UPS Capital’s Defensive Strategy with Striim & Google

Striim

Established in 1999, it offers risk management services including cargo insurance and trade credit insurance, along with trade finance solutions such as supply chain finance and export financing. This platform acts as the primary structured data repository in Google Cloud.

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Building and Evaluating GenAI Knowledge Management Systems using Ollama, Trulens and Cloudera

Cloudera

In modern enterprises, the exponential growth of data means organizational knowledge is distributed across multiple formats, ranging from structured data stores such as data warehouses to multi-format data stores like data lakes. This application is contextualized to finance in India.

Systems 78
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Data Warehouse vs Big Data

Knowledge Hut

Data warehouses are typically built using traditional relational database systems, employing techniques like Extract, Transform, Load (ETL) to integrate and organize data. Data warehousing offers several advantages. By structuring data in a predefined schema, data warehouses ensure data consistency and accuracy.

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Career Options after BCom You Should Know in 2023

Knowledge Hut

One needs to be aware of their areas of interest because commerce is a broad sector that encompasses taxation, finance, accounting, banking, insurance, wealth creation, auditing, management, etc. After completing a BCom degree, you can find employment, mostly in the banking, accounting, and finance industries. and an M.Com.

Banking 52
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Fortum Builds a Company-Wide Financial Reporting Engine with Snowflake, Reducing Costs by 85%

Snowflake

But in an increasingly volatile energy market, monitoring the financial position to set the context for business decisions falls largely on Fortum’s finance function, which needs to be able to quickly and flexibly report on the organization’s finances across different sub-companies and timeframes.

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Top 20 Artificial Intelligence Project Ideas in 2023

Knowledge Hut

The development process may include tasks such as building and training machine learning models, data collection and cleaning, and testing and optimizing the final product. The structured data can be utilized for various tasks, including applicant tracking, hiring, and talent management.

Project 96