RFM smiley means Recency-Frequency-Monetary. Just like its name, it’s a system that classifies customers on when they purchased a product, how frequently they purchase a product, and how much they put into purchasing a product. However, this system is becoming archaic as it has so many limitations. In this article, we will be discussing the limitations of the RFM system and the impact of AI on … [Read more...]
How AI Can Help Online Casinos to Improve Their Bonus Systems
AI can help online casinos to personalize their bonuses and optimize their customer relations. From this article, you'll get to know what exactly AI can do in this aspect. The gambling industry already benefits a lot from AI. Visitors of online casinos can play AI-based games. AI enables casinos' administrations to detect the first symptoms of gambling addiction among their customers at an early … [Read more...]
What is Computational Linguistics?
Computer linguistics (CL) or linguistic data processing examines how natural language can be processed algorithmically in the form of text or language data using the computer. It is the interface between linguistics and computer science. The term natural language processing (NLP) is common in literature and computer science. Computer linguistics can be traced back to the 1960s as a term. With … [Read more...]
How Online Casinos Are Utilizing Smart Data for Personalisation
Numerous technological advancements over the last few decades have changed and enhanced everyday life. From biometric authentication, such as facial recognition technology. Used to keep individual's property free from trespassers and opportunists. To drones being used as surveillance tools by the authorities for security tasks such as border control. Table of Contents 1 … [Read more...]
How Big Data Helps with Anti-Money Laundering Compliance
In the age of digitalization, information is everything. As innovation continues to influence human life and change our way of living, it's only logical to deduce that the more reliable data we collect, the better we can understand reality. Through careful evaluation, interpretation, and utilization of such massive amounts of data, it becomes easier to solve problems, create better products and … [Read more...]
Data Security as a Basis for Data Democratization
Collecting data is nothing new for businesses. But it is only gradual that the realization is gaining that no progress can be made with hoarding masses of data. It is important to make use of the collected treasures. Especially in the past twelve months, as in many other areas of digital transformation, companies have set in motion. And time and again, the term data democratization" is used to … [Read more...]
What Does Data Cleansing Mean?
Data cleansing includes various methods for removing and correcting data errors in databases or other information systems. For example, the errors may consist of incorrect (originally incorrect or outdated), redundant, inconsistent, or incorrectly formatted data. Key steps for data cleansing are duplicate detection (detecting and merging the same data sets) and data fusion (merging and completing … [Read more...]
What Are Object-Oriented Databases
An object-oriented database is a database that is based on the object database model. In contrast to the relational database, data is managed here as objects in the sense of object-orientation. The associated database management system is called the object-oriented database management system. Object database and object database management system together form the object database system. An object … [Read more...]
What is ACID in Computing
ACID is an abbreviation in computer science. It describes frequently desired properties of transactions in database management systems (DBMS) and distributed systems. It stands for atomicity, consistency, isolation and durability. They are considered a prerequisite for the reliability of systems. The acronym ACID for characterizing transactions was coined in 1983. Atomicity A transaction is … [Read more...]
What is Small Data?
Small/little data are data of a sufficiently small dimension for human understanding. Both their volume and format make them accessible, informative and actionable for decision making. While the term "big data" refers to machines, micro-data refers to people, small data is what we used to understand simply by the phrase data. The only way to understand big data is to reduce them into visual … [Read more...]
What is Data Fusion?
Data fusion is the process of merging and completing incomplete data sets. It is an important part of information integration. Data in a recipient record is supplemented with the help of a donor record. The donor record consists of variables and the recipient record from variables. The variables are therefore present in both data sets. Based on the donor data set, a model for calculating the … [Read more...]
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