Machine Learning for Anti-Money Laundering in the iGaming industry
BizAcuity
by admin
1y ago
Back in November 2022, the European Comission (EC) published a report on the prevalence of money laundering in the iGaming industry, flagging it at the highest level of threat. They observed that the online gaming industry had several weaknesses regarding AML regulations and hinted at stricter regulations to come. Coincidentally, it was around the same time when Rishi Sunak was forming the government. This amplified the rumors of looming bottle-neck regulations for the gaming industry. There was also the speculation of the UK Gambling Commission trying to implement a “single customer view” acr ..read more
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What Is All The Fuss About Agile Software Development?
BizAcuity
by admin
1y ago
Agility for any organization is the ability to stay alert and be prepared to act on any decision almost instantly. Agile software development is a collaborative process between and within project teams with an ingrained set of values and principles for software development. The end goal is to streamline software development and increase the ability of the organization to respond to change and deliver working software quickly. This is usually done in a variety of ways. Something we’ll go over later in the article Agile project development became a trending topic during the pandemic as a faster ..read more
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What is Business Intelligence Consulting
BizAcuity
by admin
1y ago
Thanks to the recent technological innovations and circumstances to their rapid adoption, having a data warehouse has become quite common in various enterprises across sectors. However, many businesses seem to face a lot of challenges, which includes ensuring a ‘single source of truth’ across the organization. Several large organizations have faltered on different stages of BI implementation, from poor data quality to the inability to scale due to larger volumes of data and extremely complex BI architecture. This is where business intelligence consulting comes into the picture. What is Busines ..read more
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How to Leverage Machine Learning for AML Compliance
BizAcuity
by admin
1y ago
Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. AML regulations and procedures help organizations identify, monitor, and report suspicious transactions and provide an additional layer of protection against financial crime. Money laundering is a serious threat in the financial services industry and in the online gaming and casino industry. In fact, online casinos as an industry carries the biggest risk of money laundering. Global consultancy firm, Deloitte, estimates that the amount of money laundered globally in one year is in the ..read more
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Informatica – Limitations of its cloud platform
BizAcuity
by admin
1y ago
Introduction Informatica is a data integration tool based on ETL architecture. It provides data integration software and services for various businesses, industries and government organizations including telecommunication, health care, financial and insurance services. Informatica uses the Extract, Transform & Load (ETL) architecture which is the most popular architecture to perform data integration. Once the Source system is connected and the source data being captured, Informatica supports several out of the box transformations. Application of Informatica tool Informatica is used for a v ..read more
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Snowflake: Data Ingestion Using Snowpipe and AWS Glue
BizAcuity
by admin
1y ago
Introduction In today’s world that is largely data-driven, organizations depend on data for their success and survival, and therefore need robust, scalable data architecture to handle their data needs. This typically requires a data warehouse for analytics needs that is able to ingest and handle real time data of huge volumes. Snowflake is a cloud-native platform that eliminates the need for separate data warehouses, data lakes, and data marts allowing secure data sharing across the organization. For this reason, Snowflake is often the cloud-native data warehouse of choice. With Snowflake, org ..read more
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Leveraging AI for Ecommerce Marketing
BizAcuity
by admin
1y ago
In our previous blog, we discussed the advantages of implementing AI for businesses. Now it’s time to discuss leveraging AI for Ecommerce marketing in various ways. AI-driven marketing is a well-accepted mandate for businesses who are digital. According to SalesForce, 84% percent of marketers today are reported to be using AI, a 186% increase in adoption since 2018. So much that AI is being introduced in different forms at different stages of the marketing funnel. There is AI generated content for scaling content generation and SEO ranking as well as advanced AI-powered marketing analytics to ..read more
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Managed IT Services Fail Mostly Due To 3 Reasons
BizAcuity
by admin
1y ago
Anyone who has had to opt for managed services before is likely to tell you that it is extremely hard to find vendors, whether big or small and to trust them with the organization’s IT ecosystem. They often look out for those who can easily integrate into their system which may include the ones with Good industry experience Familiar with the tools The expectations from managed services vendors are quite high. No business can easily find a vendor who is a great match for them, whom they can trust. However, once they do, they stick to a vendor for a really long time as it is not easy to manage ..read more
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Teradata Storage Optimization
BizAcuity
by admin
1y ago
Introduction Teradata is an integrated platform that provides functionality to store, access, and analyze organizational data on the Cloud as well as On-Premise infrastructure. Teradata Database provides an information repository system, along with support for various tools and utilities, making it a complete and active relational database management system. Teradata is based on a parallel Data Warehouse with shared-nothing architecture. Data is stored in a row-based format. It supports a hybrid storage model in which frequently accessed data is stored in SSD whereas rarely accessed data is s ..read more
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Handling Large Volumes of Data in Power BI
BizAcuity
by admin
1y ago
Introduction Data fuels today’s business and Microsoft’s Power BI tool helps you make sense of that data. Power BI is a suite of business analytics tools to analyze data and share insights. There are two licensing options for Power BI: Power BI Pro and Power BI Premium. Among other differences between the two options, data storage is a main factor – depending on the data requirement, you can choose which option of the tool to use. With a Power BI Pro license, you can upload up to 10 GB of data to the Power BI Cloud. But with a Power BI Premium license, you get to store BI assets on-premises an ..read more
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