Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. Overall, droughts have cost the world $1.5 2 Through artificial intelligence-based prediction, there can be improvement in decision making regarding droughts and better methods and timing employed to ensure optimal water resource allocation and disseminating information ahead of drought events.

Machine Learning 120

Machine Learning Cost-Benefit Optimization Forecasting 120

Sisense

JANUARY 26, 2020

Building an accurate predictive analytics model isn’t easy. It’s a difficult process, but an effective predictive analytics engine is an enormous asset for any organization. Here are a few examples of companies using manufacturing analytics to win the future: Predicting return rate. Improve forecasts and maximize revenue.

Predictive Analytics 78

Predictive Analytics Manufacturing Analytics Forecasting 78

Sisense

MARCH 7, 2021

Machine learning and predictive modeling allowed the company to use complex historical warranty claim and cost information, previous and new product attributes, and forecasting data to create a predictive data model for future warranty costs.

Slice and Dice 98

Slice and Dice Data-driven Cost-Benefit Forecasting 98

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Here, we list the most prominent ones used in the industry.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

Smarten

APRIL 2, 2019

Business markets and competition are moving much more quickly these days and predicting, planning and forecasting is more important than ever. Original Post: What Are the Necessary Components of an Advanced Analytics Solution?

Analytics 40

Analytics Predictive Modeling Visualization Cost-Benefit 40

Jet Global

APRIL 27, 2020

These new retail competitors understand the value of harnessing consumer insights and data to drive retail sales forecasting. It’s not enough to review financial results on a quarterly basis to inform budgeting and forecasting. New digital-native brands have popped up to challenge traditional retailers.

Finance 52

Finance Forecasting Sales Reporting 52

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Smarten

MAY 15, 2019

Businesses do not want to be surprised by downtime, equipment failure or the cost of unanticipated equipment replacement. Your business can leverage Predictive Analytics to plan for and anticipate maintenance, investment, changes in resources and training requirements and supply chain management for parts, shipping, etc. Loan Approval.

Predictive Analytics 10

Predictive Analytics Management Analytics Cost-Benefit 10

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. What Is Business Intelligence And Analytics? Usage in a business context.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

IBM Big Data Hub

JULY 5, 2023

Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost. At this point, it’s important to weigh the depreciation of the asset against the rising cost of maintaining it. The four stages of ALM 1.

Strategy 55

Strategy Management IoT Cost-Benefit 55

Domino Data Lab

AUGUST 22, 2019

The excerpt covers how to create word vectors and utilize them as an input into a deep learning model. While the field of computational linguistics, or Natural Language Processing (NLP), has been around for decades, the increased interest in and use of deep learning models has also propelled applications of NLP forward within industry.

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

Smarten

MARCH 19, 2019

In today’s competitive business market, every senior executive looks at risk, value and calculations like return on investment (ROI) and total cost of ownership (TCO) before approving a budget. When a business chooses a self-serve advanced analytics solution, the benefits go beyond cost-effective, collaborative tools.

ROI 40

ROI Analytics Cost-Benefit Predictive Modeling 40

Smarten

JUNE 14, 2019

In this, the last article in our three-article series we discuss Natural Language Processing and how it can benefit a business. How Does NLP-Based Analytics Benefit a Business Organization? This will improve the accuracy of planning and forecasting and allow for a better overall understanding of business results.

Cost-Benefit 40

Cost-Benefit IT Predictive Modeling Business Intelligence 40

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smarten

JULY 19, 2017

To be successful in business, every organization must find a way to accurately forecast and predict the future of its market, and its internal operations, and better understand the buying behavior of its customers and prospects.

Business Intelligence 40

Business Intelligence Predictive Modeling Cost-Benefit Data-driven 40

Smarten

JULY 3, 2017

The simple truth is that when business users become Citizen Data Scientists, each of them can add more value and benefit to the organization. Tools like plug n’ play predictive analysis and smart data visualization ensure data democratization and drastically reduce the time and cost of analysis and experimentation.

Predictive Modeling 40

Predictive Modeling Visualization Business Intelligence Experimentation 40

Smarten

MAY 30, 2023

The silo approach to data is never a good idea if you want to improve total cost of ownership (TCO), return on investment (ROI) and user adoption! Integrate objects (Dashboards, Crosstab, Tabular, KPIs, Graphs, Reports, models, Clickless Analytics and more).’ Now you are asking them to learn a new solution specifically for analytics.

Slice and Dice 52

Slice and Dice Business Intelligence Cost-Benefit Dashboards 52

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. Healthcare is forecasted for significant growth in the near future. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. The market has since evolved.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

SEPTEMBER 1, 2023

Embedded predictive analytics offers the development team the advantages of data-driven decision making, an enhanced user experience, and efficient resource allocation. These benefits ultimately contribute to the creation of more intelligent, user-centric, and responsive applications that align with user needs and business goals.

Predictive Analytics 52

Predictive Analytics Risk Analytics Software 52

Jet Global

MAY 9, 2024

Machine Learning Pipelines : These pipelines support the entire lifecycle of a machine learning model, including data ingestion , data preprocessing, model training, evaluation, and deployment. This allows them to make informed decisions about the next steps in their analysis or modeling process.

Data Lake 52

Data Lake Data Warehouse Business Intelligence Machine Learning 52