Can Advancements In Data Science Solve Cybersecurity Challenges?

Posted Leave a commentPosted in Analytics, Best Practices, Big Data, cybersecurity, Data Management, Data Science, data security, IT, Predictive Analytics, Risk Management, Security, SmartData Collective Exclusive

The growing complexity in IT networks along with the emergence of technological marvels like Internet of Things, the global connectivity is headed to its peak. The evolution of smart algorithms, artificial intelligence, machine learning, and other cutting-edge, innovative technologies shows a promising future. However, amidst all this technological upheaval, a menace called cybersecurity threat is […]

Machine Learning Minimizes Fraud Risks of Online Payments

Posted Leave a commentPosted in AI, Artificial Intelligence, Cyber Security, cyberattacks, Data Management, Machine Learning, Policy and Governance, Risk Management, SmartData Collective Exclusive

Online payment providers have been servicing customers all over the world since CyberCash opened its virtual doors in 1995. Unfortunately, the growing number of companies relying on online payment providers has created an epidemic of fraud. According to one recent report, the rate of fraud has increased 45%, to nearly $60 billion in recent years. […]

How Big Data Is Helping To Lower Medical Liability Risks

Posted Leave a commentPosted in Big Data, data analysis, medical liability risks, Risk Management, SmartData Collective Exclusive

Practice economics are impacted by medical liability risks. Patient quality and efficiency is key to the healthcare industry’s success, but a lack of proper staffing has led to a fast-paced environment where medical liability remains a concern. Data collection is being utilized as a means to help lower these risks, increase profits, predict outcomes, offer […]

Office Scanners and Other Tips to Avoid Big Data Theft

Posted Leave a commentPosted in Big Data, cyberattacks, cybersecurity, Data Management, data security, data theft, IT, Policy and Governance, Privacy, Risk Management, Security

After speaking with a number of colleagues, I have heard that big data is having a remarkable change on the modern workforce. It is especially influential in the office setting. Office workplaces use big data for everything from payroll management to productivity tracking and streamlining customer service delivery. Business World has provided a thorough article […]

Can ICO Data Awareness Campaigns Create More Trust In Cryptocurrency?

Posted Leave a commentPosted in #GDPR, Big Data, Business Intelligence, data government, Data Management, data protection, data security, europe, government, Policy and Governance, Privacy, Risk Management, Security, SmartData Collective Exclusive

The Information Commissioner’s Office (ICO) in the UK has recently begun a number of data awareness campaigns. These campaigns could play a very important role in building trust in cryptocurrencies. The faith in the cryptocurrency market is contingent on a number of factors. Data security and privacy are two of the biggest issues. The EU’s new […]

Here Are The Most Important Ways To Ensure Customer Data Protection

Posted Leave a commentPosted in customer data protection, Data Management, data privacy, datasets, ISO 9001, Policy and Governance, Privacy, Risk Management, SmartData Collective Exclusive

It seems like only yesterday that we started using and relying on data more often in the world of business and a variety of other industries. For good reason, data quickly became the go-to driver for many processes, including building engagement with customers and users—and as a result, customer data protection is now of utmost […]

After 25th May, What Medium And Long Term Actions?

Posted Leave a commentPosted in #GDPR, Computing, Data Management, GDPR Compliance, GDPR implications, Infographic, Policy and Governance, Privacy, Risk Management, Transparency

The General Data Protection Regulation (GDPR) requires businesses to protect the personal data and privacy of EU citizens and any non-compliance could cost them dearly. For those who are still unfamiliar with this, take a look at the infographic below. It shall give you a basic understanding of GDPR and its aspects. What is next […]

New Generation of Big Data Security Risks Raises Questions About VPNs

Posted Leave a commentPosted in #risk management strategy, Big Data, big data security, Data Management, data security, News, Policy and Governance, Privacy, Risk Management, Security, SmartData Collective Exclusive, VPN

For many organizations, big data is a treasure trove of valuable insights. For other stakeholders, it is a privacy nightmare. A growing number of customers fear their secrets, no matter how benign, could be leaked to the world. This became a particular concern after the Yahoo! security breaches that took place in 2013. Yahoo! recently […]

5 Lessons Companies Can Learn From Facebook’s Data Privacy Scandal

Posted Leave a commentPosted in Cambridge Analytica, Data Management, data protection, facebook's data privacy scandal, IT, News, Policy and Governance, Privacy, Risk Management, Security, SmartData Collective Exclusive

When news broke that Cambridge Analytica illegally harvested the data of millions of Facebook users who interacted with the former company’s third-party app, the backlash was fierce. The aftermath reveals lessons all companies can learn, regardless of the extent to which they use social media. 1. Delayed Acknowledgements of Wrongdoing Make Things Worse One of […]

Predictive Analytics Errors and Limitations with Small Business Risk Assessments

Posted Leave a commentPosted in Analytics, Business Intelligence, Data Management, Policy and Governance, Predictive Analytics, predictive analytics error, Risk Management, small business risk management

Predictive analytics is a rapidly growing field. Around the time of its inception, data scientists made bold predictions about its capabilities. Predictive analytics has proven to be invaluable for organizations of all sizes across all industries. Yet, over the past few years, we have discovered a number of limitations that must be taken into consideration. […]