Displaying items by tag: Data analysis

Artificial intelligence is changing the banking business, with major implications for both traditional and new banks. This shift in the banking industry from traditional, data-driven AI to sophisticated generative AI which offers unprecedented levels of efficiency and customer engagement. In the banking industry, generative AI has the potential to increase productivity by 5% and decrease worldwide spending by $300 billion, according to McKinsey's 2023 banking report. 

GUEST OPINION:  It’s been in the public consciousness for little more than a year, yet generative artificial intelligence (Gen AI) is already being used by everyone from school students to chief executive officers.

Tech and digital salaries continue to steady out but remain strong for key skillsets such as cybersecurity and AI, according to the latest salary guide report from recruitment sector company Talent.

The APAC region has lower unemployment and more vacancies than before the pandemic and, despite unemployment figures in Australia, Singapore and Malaysia dropping to or below pre-pandemic levels, the three countries have seen vacancies increase by 83%, 127% and 111%, respectively, according to a new report.

Australians are closing the skills shortage gaps and adapting to the new digital era, according to the fourth annual Global Skills Report released by online learning platform Coursera which also shows that out of 100 countries, Australia’s global ranking has improved since last year, jumping from 40th to 39th in technology skills.

Data has never been more important than ever before. With a pandemic, supply chain issues, a climate crisis, and a rising cost of living businesses cannot operate on intuition alone. Yet Tableau research finds that 70% of companies believe they provide their workers with sufficient data training, while only 33% of employees share this view.

GUEST OPINION: Having access to large volumes of data delivers big benefits to a business. It supports informed strategic planning and guides everything from investments to customer service.

Veteran-founded organisation WithYouWithMe is allocating $10 million dollars of free digital skills training to Afghan refugees following the fall of Kabul.

The NSW Police Force is rolling out Azure cloud technology to further support the recent introduction of cognitive services including ethical artificial intelligence (AI) and machine learning (ML) to its Insights policing platform.

Leading life insurer uses Talend in data lake environment for data analytics

COMPANY NEWS: Talend (NASDAQ: TLND), a global leader in data integration and data integrity, announced today that Sumitomo Life Insurance Company, one of the Japan’s leading life insurance companies, has selected Talend Data Fabric for its data analytics infrastructure.

VENDOR ANNOUNCEMENT: Versor, one of Australia’s leading Advanced Data Analytics specialists, is excited to announce that they are the official Data Analytics Partner of Walkinshaw Andretti United Racing as part of the 2020 and 2021 V8 Supercars Series.

Elastic, the search and data analysis company behind the Elastic Stack, held a sold-out event at the Grand Ballroom of Sydney’s Hyatt Regency last week. Speakers from the company presented on topics such as Enterprise Search, SIEM and capturing unstructured data.

Global ICT solutions and services provider Dimension Data has partnered with Western Sydney University to create a new data services platform comprising an ecosystem for data collection and secure computation, and expanding the capabilities of research and data analysis.

In the age of Big Data, the rule seems to be “Collect everything now, figure out what to do with it later”. Unfortunately, this is often a costly mistake. Cloud storage is getting cheaper by the day – so you certainly can do it – but the real question is why should you do it?

By kyeling, December 18, 2017

The Commonwealth Bank has launched a new business analytics platform which it says will allow small- to medium-sized businesses to monitor their business performance in real-time and to model future scenarios based on a range of current financial and industry data.

Australian small businesses are using data and technology to prepare for the Christmas rush “in ways they never could before”, according to cloud accounting provider Xero.

The Red Bull Formula One racing team has chosen Australian hyperconverged infrastructure provider SimpliVity to refresh its virtualised IT infrastructure on and off the track.

Australia’s chief financial officers expect there will be an increasing need for digital investment within the finance function, with the top three areas for investment to be data analysis, compliance and regulation and fraud detection/risk management.

Mobile in all its forms is the place to be if you are seeking a job and career in an industry sector which is growing rapidly and needs employees with the appropriate tech skills to drive that growth.

Melbourne has been selected as one of 16 cities chosen for the IBM Smarter Cities Challenge Grant out of more than 100 international cities to apply.