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Zartico secures $20M to help tourism offices promote local destinations

TechCrunch

Despite representing 10% of the world’s GDP, the tourism industry has been one of the last to embrace big data and analytics. Zartico’s platform ingests geolocation, spend and event data from partners — Dunn wouldn’t say which vendors — and overlays it on top of other data streams (e.g.

Tourism 240
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The Significance of Open Source Software in the Digital-First Future Enterprise

CIO

The research, conducted by International Data Corporation (IDC) and commissioned by SUSE surveyed 838 respondents in 11 Asia/Pacific countries across a range of industries such as financial services and insurance, telecommunications, and government. When it comes to container-related technologies, only 30% are using OSS.

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Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

TechCrunch

And yet, “the main source [of funding] for them right now is the traditional banking system. Banks in developed countries are focused on supply chain finance for large countries and banking systems in developing markets are still underdeveloped. trillion and will grow to $6.1 trillion in the next four years,” he said.

Banking 208
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IT leaders adjust budget priorities as economic outlook shifts

CIO

Analyst firm IDC expects more of a moving target on tech budgets due to market volatility, the strength of the US dollar, inflation rates, and continued slow global growth due to economic drag by China and other key countries. Many IT leaders are realizing that their attack surface is “too big,” Gartner’s Lovelock says.

Budget 199
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Business intelligence and analytics firm Pyramid Analytics raises $100M

TechCrunch

By handling large amounts of data to analyze and benchmark lines of business, BI promises to help identify, develop, and otherwise create new revenue opportunities. The big data and business analytics market could be worth $684 billion by 2030, according to Valuates Reports, if such outrageously high estimates are to be believed.

Analytics 215
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Automated Claims Processing: Using RPA and Machine Learning to Manage Insurance Claims

Altexsoft

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Of course, not.

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Extra Crunch roundup: Jam City SPAC, startup PR, telemedicine market map, more

TechCrunch

Almost half of all Americans play mobile games, so Alex reviewed Jam City’s investor deck, a transcript of the investor presentation call and a press release to see how it stacks up against Zynga, which “has done great in recent quarters, including posting record revenue and bookings in the first three months of 2021.”

Marketing 244