Utilizing sophisticated data processing technology, scalability, and real-time analysis The artificial intelligence tool Candy AI is used to handle big data. Candy AI supports structured, semi-structured as well as unstructured data with 98% accuracy and can handle more than 1 billion data points per second, making it suitable for any industry that requires high speed and high accuracy with their data. McKinsey reports that AI-enabled big data management helps businesses realize a reduction of up to 35% in the time required for processing data, as automated analytics reduces the need for extensive manual effort.
Candy AI also helps in assessing risk and fraud detection by analyzing the transaction history, patterns along with historical data over time of various external factors, which are commonly used in Finance. Financial institutions leveraging similar artificial intelligence models experience a 50 percent increase in accuracy when identifying fraud, since the technology identifies anomalies rapidly within defiant high-volume datasets. For the same reason, JP Morgan uses AI; noting that this technology is valuable for handling large-scale complex financial data.
Candy AI translates Clinical Information, Electronic Health Records, Medical Imaging Data, Patient Histories etc to improved accuracy of diagnosis for healthcare. While hospitals that are using AI for managing their data records, they are reporting a 30% reduction in diagnostic errors as AI helps to identify patterns that may be missed by traditional manual analysis. Mayo Clinic use of AI in big data for healthcare shows the opportunity that is possible with AI insights to help clinicians improve patient outcomes.
In retail, Candy AI handles inventory data, sales history and customer buying habits to ensure optimum stock levels and prices. Retailers employing AI based inventory management attain 20% lesser stockouts and 15% lesser excess inventory. Walmart is one of the leaders in using AI to manage its inventory systems, providing a prime example of how processing large data sets accurately and in real-time enhances supply chain effectiveness.
Is it capable of handling large data sets? candy ai helps organizations to rapidly and confidently make data-driven decisions, optimising processes in any industry that wants accurate insights (from all data types).