What is alt data? — What is alt data? An upward trend was seen in hedge funds; alt data. Alt data is the non-traditional data generated from individuals, business processes, or sensors. Back in the 1600s, when John Graunt concluded death reasons and patterns using death records by London parishes, little did he know that the data about hospital…

Startups and businesses in 2020 and 2021 have undergone many changes, some positive and some not so positive. While the pandemic halted… — Startups and businesses in 2020 and 2021 have undergone many changes, some positive and some not so positive. While the pandemic halted businesses worldwide, a sense of normalcy has been restored by remote work, online meeting platforms and e-commerce channels. Despite restrictions imposed, India has witnessed a commendable growth in…

The outbreak of the devastating pandemic has brought on with it some very obvious repercussions — largely driven by a dip in the economy… — The outbreak of the devastating pandemic has brought on with it some very obvious repercussions — largely driven by a dip in the economy. This change has specifically been reflected in the banking sector, and the domains attached to it. With moves undertaken by the government to ease the monetary…

When deciding whether or not to grant credit to a consumer, many lenders rely solely on information from traditional credit data or on… — When deciding whether or not to grant credit to a consumer, many lenders rely solely on information from traditional credit data or on scores from three consumer reporting agencies across the country. While this can provide a useful indication of how well the consumer has handled their past obligations, it…

The Adage Of The Century — “Data Is The New Oil” — The Adage Of The Century — “Data Is The New Oil” Data as a raw material, has created an entire economy around it. The technologically advanced 21st century has witnessed a rapid rate of adoption of data-driven services, to aid the performance of other sectors. The true value of data…

Data science, data analytics, data mining, data privacy- the ever-expanding list of terms with ‘data’ in them are becoming increasingly… — Data science, data analytics, data mining, data privacy- the ever-expanding list of terms with ‘data’ in them are becoming increasingly common in our daily vocabulary and rightfully so. With a vast majority of modern-day problems being resolved by modern applications of various types of data, the advent of technology…

Banks and merchants have shared skewed dynamics since the advent of commercial trade in exchange for money; merchants require monetary… — Banks and merchants have shared skewed dynamics since the advent of commercial trade in exchange for money; merchants require monetary support from lenders to operate their businesses but are often denied due to the nature of the trade they intend to carry out.

Sweet stores are ready for a data-driven revolution. — Sweet stores are ready for a data-driven revolution. The pre-independence era marked the beginning of a close-knit network of enterprises and small-scale businesses that have grown to be some of the largest industries supporting the Indian economy. The sweetmeat industry in Bengal that accounts for about a whopping INR…

Neobanks have steadily been establishing themselves as the new revolution in the rapidly evolving banking industry. Reports from PwC point… — The 3E’s fulfilled by Neobanks Neobanks have steadily been establishing themselves as the new revolution in the rapidly evolving banking industry. Reports from PwC point to their tremendous potential as the global neobank market was worth USD 18.6 billion in 2018 and is set to generate around USD 394.6 billion by 2026. However, what is…