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Articles By syntelli solutions

Gdpr And Ccpa Compliance – A Cheat Sheet For Data Privacy    Submitted as: Syntelli Marketing
Both the California Consumer Privacy Act (CCPA) and the EU's General Data Protection Regulation (GDPR) aim to protect consumers' privacy rights. Because both laws attempt to fundamentally change business practice to establish and protect new data privacy rights for individuals, any business – regardless of where the business operates – needs to be familiar with how these laws could require changes to operations now or in the future. While both laws address data privacy, the laws have important differences. This post outlines some important aspects of the laws and compares and contrasts CCPA and GDPR. As always, seek appropriate legal guidance as this post is not legal advice.(read entire article)
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Category : General

5 Ways Prescriptive Analytics Helps Deliver Better Financial Services    Submitted as: Syntelli Marketing
Financial services companies are always striving to serve consumers better, but maximizing services requires efficiency and financial stability. Each service provided must be calibrated to provide what the customer needs without wasting company resources. Prescriptive analytics is a data sciences field that shows companies the best decision to make in a given scenario. This field uses specialized data analysis programs to consider a range of possible decision parameters, then analyze which one gets the desired results. Although predictive analytics in banking is helpful and essential, prescriptive analytics takes the data a step further. Predictive analytics shows companies the raw results of their potential actions, while prescriptive analytics shows companies which option is the best. Prescriptive analytics is useful in a wide range of applications, from manufacturing investments to self-driving cars. However, it can be particularly helpful for financial services analytics due to its ability to harness long-term economic trends and customer data, including big data.(read entire article)
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5 Ways Ai Transforms Healthcare    Submitted as: Syntelli Marketing
An outbreak of a respiratory illness caused by a new coronavirus, first identified in Wuhan, China, has captivated the public since January 6. On this date, the CDC announced the coronavirus outbreak. An AI-powered disease monitoring platform detected the outbreak a week earlier. The speed of AI in health care is one advantage that demonstrates the impact of AI in all aspects of health care, including care delivery, research, early detection and pharmacovigilance, diagnosis, and treatment. The following list of examples of the impact of AI in health care covers all of these areas.(read entire article)
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Data Science Techniques For Fraud Detection    Submitted as: Syntelli Marketing
In a recent post, we discussed the importance of data science techniques for detecting fraud. In short, data science-driven anomaly detection finds suspect behavior, even as fraudsters adjust their behavior. With data science techniques, the people working to prevent fraud have shifted the battlefield in the war against fraud. But fraudsters use data, too, and these criminals are using speed and big data AI to shift the battlefield again. Criminals use AI to automate cyberattacks, and, alarmingly but not surprisingly, criminals used AI to impersonate a CEO “to impersonate a chief executive's voice and demand a fraudulent transfer of €220,000 ($243,000)” in March of 2019—almost a year ago. Companies need to stay on top of the techniques needed to prevent fraud.(read entire article)
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Category : General

Covid-19: Navigating The Ship   By: syntelli solutions
Background: COVID-19 On January 30th, 2020, the World Health Organization (WHO) officially labeled the COVID-19 virus as a “public health emergency of international concern”. In the weeks that followed, the world watched as the virus grew and began to spread across Asia and Europe, and the concern over the virus spreading to the United States no longer became a question of “IF”, but rather “WHEN”. In a proactive effort to reduce the spread of the virus, some American businesses began to limit or shut down operations entirely, while most continued business as usual, waiting until more concrete information became available. Over the past week, that much needed information became more accessible and the impact on American businesses became clearer. On March 11th, 2020, the WHO officially classified the COVID-19 virus as a Pandemic, and two days later, the President of the United States declared the COVID-19 outbreak as a National Emergency. We've now seen the cancellation of the NBA season, the NCAA Tournament, concerts, and virtually every other organized event of over 100 people. As a country, the COVID-19 virus is no longer a story we're hearing about on the news, but a reality that we must take seriously and act accordingly.(read entire article)
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How Your Healthcare Organization Can Use Marketing Analytics To Drive Decision-making In 2020   By: syntelli solutions
Although medical treatment is at the core of every healthcare organization's mission, patient outreach and marketing are essential to its survival. Marketing teams must work hard to strategize, create ad campaigns, and gather data to ensure continuous growth. Healthcare marketing analytics is the key to determining which strategies are working and guiding future decision-making. They can even help leaders decide which demographics are likely to increase in the future, as well as which services need changes and improvements. They are part of a broader set of data-driven strategies to help organizations manage their resources more effectively and grow to serve the community better.(read entire article)
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Why Is Digital Transformation Important For Healthcare?   By: syntelli solutions
We're already three months into the 2020 decade and companies are strategizing about how they can digitally transform to serve their customers better; whether to enhance current business processes, bring new products and services to market or deliver new customer experiences. In a 2019 study by International Data Corporation, Global Digital Transformation spending reached $1.18 trillion. The two industries that invested the most in digital transformation in 2019 are discrete manufacturing ($221.6 billion) and process manufacturing ($124.5 billion). For both industries, the top DX spending priority is smart manufacturing, supported by significant investments in autonomic operations, manufacturing operations, and quality. Retail will be the next largest industry in 2020, followed closely by transportation and professional services. Other digital savvy industries such as high tech, media and telecom have been at the forefront of this digital transformation engaging with customers enabling new experiences back to them. Nexflix, Amazon, Walmart and Target are among the most talked about in this area of digital transformation.(read entire article)
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Top 9 Data Science Consulting Firms In Jacksonville, Fl   By: syntelli solutions
So it's a foregone conclusion that Jacksonville is the fastest growing city of Florida. The riverside location and deepwater port have made the city a transport and logistics hub. The city's many banking and financial services companies, Fortune 500 companies, IT and manufacturing centers, insurance and media establishments have made Jacksonville a financial powerhouse.(read entire article)
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The Power Of Big Data And Ai In The Fight Against Covid-19   By: syntelli solutions
The emergence of a novel coronavirus in December 2019 has had the medical community on edge. Public health officials around the world have faced an uphill battle in treating current cases and preventing the further spread of the virus. The 2002 SARS outbreak, and later the MERS outbreak, did not spread nearly as rapidly as COVID-19 has, which has led the world to an unprecedented public health crisis. China, where the virus first emerged, quickly used its existing big data infrastructure to contain the virus as much as possible. The success of these efforts has had major ramifications for other containment efforts around the globe. Big data and artificial intelligence experts can work together with public health officials to monitor for new cases, project the spread of the virus, and even enforce quarantines.(read entire article)
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Cloud Migration – Is It Too Late To Adopt?   By: syntelli solutions
“Action is the foundational key to all success.” – Pablo Picasso No technology gets adopted overnight. On-premise environment provides full ownership, maintenance, responsibility. You pay for physical machines and virtualizations to meet your demands. Lately, such on-premise environments are less reliable, have a high total cost of ownership (TCO) creating frustration and a desire to alleviate this scenario. If you or your company are facing such frustrations, it is time to act and think about cloud migration.(read entire article)
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