A modern data infrastructure is essential for retailers looking to stay competitive today. Companies are abandoning more traditional, on-premises IT infrastructures and moving to more centralized “as a service” (XaaS) models of delivery enabled by cloud technologies, according to McKinsey. Aging on-premises infrastructures are unable to meet demands for agility and innovation, eating up too much time and too many resources for teams trying to maintain them.

Financial inclusion, defined as the availability and accessibility of financial services to underserved communities, is a critical issue facing the banking industry today. According to the World Bank, 1.7 billion adults around the world do not have access to formal financial services, meaning that they cannot open a bank account or access credit, insurance, or other financial products.

Improving patient care is right up there with the importance of optimizing the allocation and efficiency of precious resources when it comes to today’s healthcare. But that’s been difficult for people alone to accomplish, even with automation. The good news is that machine learning is now addressing these challenges and a company called Iodine Software is leading the innovation.

The most successful organizations today know they need to use business analytics to make decisions and drive outcomes. Often, however, these decisions must be driven by insights that can remain hidden in data. That’s where data mining comes into play. Data mining is a powerful tool to help extract meaningful insights from even the largest, most complex data sets.