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BFSI to Spearhead the Growth of Global Text Analytics Market
Market Research adds a report titled “Global Text Analytics Market (Deployment
Model, Application, End User and Geography) - Size, Share, Global Trends,
Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities,
Segmentation and Forecast, 2013 – 2020.” The report offers incisive market data
on the global text analytics market and assist the numerous market investors to
understand the market dynamics.
application of Text analytics in the Banking Financial Services and Insurance
Industry would open up avenues for the market. Banking Financial Services and
Insurance (BSFI) comprise a wide range of firms that offer financial services
to numerous sectors. BSFI includes of monetary organizations such as insurance
agencies, commercial banks, mutual funds, non-banking financial companies,
cooperatives etc. The banking segment comprises Investment Banking, Corporate
Banking and Retail Banking. Banks such as Barcalys, Citygroup and HSBC
encompass wide range of banking categories. Financial Services comprises of
Mutual Funds, Non Banking Financial Companies (NBFCs) and Broking firms
“Analyticsprovides a new opportunity for fraud detection in the BFSI sector. An
innovative method for fraud detection is social network analysis,
which enables companies to look through a large amount of data to find
relationships between variables. Financial Institutions’ believes use of
analytics to analyze the customer drives their business. Adoption of social
media technology continues to accelerate amongst consumers,” states AMR
data analytics also help in the detection of frauds in the sector. Infinity
Insurance Co. claim that with the use of predictive analytics, the success rate
of identification of frauds has increased from 50-88% and also that the time
required for investigation is reduced as these analytics have an accuracy of
about 95%,” adds the analyst.
a text analytics leader, has announced a solution based on analytics for Retail
Banks. Aforementioned software recognizes unknown patterns within the text of consumer
discussions and supports the monetary service companies to implement numerous types
of actionable data such as, sentiment analysis, churn analysis etc.
Over the past few years medical sensors have become smaller. The MEMS (or Microelectrical-mechanical systems) have been popular in medical equipment, from stents to chemosensor. Even the capsule endoscopy systems comes with a miniature camera as well as radio technologies. These systems captures the images of human digestive tract from the inside. Latest discoveries in the data analytics, material science and equipment engineering collectively promise a much smaller and modish sensor. The recent development in miniaturization assures biocompatibility. Medical experts believe that the smaller the system, the less likely it would interfere with the immune mechanism. This is true for capsule endoscopy used to take images of the entire gastrointestinal tract. PillCam® SB launched by Covidien boasts of vitamin –sized, wireless pill design that can improve the diagnosis for small bowel diseases. Recently, a Vanderbilt University engineer, Pietro Valdastri received $1.5 million as grant to c…
A system that gives information and locates the food ingredient or path of food product or throughout food supply chain is called as food traceability system AMR’s new study observed that the market for food traceability will reach a mark of $14.1 billion by 2020 growing at a CAGR of 8.7%. Due to real time locating of food irrespective of place of weather conditions, RFID is calculated to grow at rate of 19.4%. Further, its read-write accuracy in complex environment gives it an upper edge over the other technologies. Food traceability is becoming a norm for all food producers across the globe due to rising consumer demand for food safety coupled with increased government regulation for the same. There has been good market revenue for it in Australia, U.S and Japan due to early adoption of food traceability technology. But due to increased globalization of food market, there lies greater opportunity for food traceability market in developing countries. High cost of investment for this mar…
Malaria is caused by the Plasmodium parasites and is transmitted by the female anopheles mosquito. Diagnosis of malaria includes detection by microscopy and blood tests. According to the WHO, in 2012, there were an estimated 203 million cases of malaria, which resulted in an estimated 627,000 deaths. Accurate and early diagnosis of malaria is important as the patients recover rapidly if treatment is started early and this has spurred investments in diagnostic techniques. This has led to technological advancements in development of rapid diagnostic tests and is the major driver for growth of this market. The challenges faced by this market are in accelerating the acceptance of diagnostic tests and their use in diagnosis of malaria. WHO updated its guidelines for treatment of malaria and it recommends testing all suspected cases of malaria. Initiatives by global partners have been undertaken to provide universal access to diagnostic kits.