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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. The discipline is a key facet of the business analyst role. Business analytics techniques.

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A Retrospective of 2018’s Articles

Peter James Thomas

Despite starting to write this piece on 18 th December 2018, I have somehow sneaked into the second quarter before getting round to completing it. Anyway, 2018 was a record-breaking year for peterjamesthomas.com. Statistics & Data Science. Analytics & Big Data. Statistics & Data Science. The Equation.

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Top Data Science Tools That Will Empower Your Data Exploration Processes

datapine

To fully leverage the power of data science, scientists often need to obtain skills in databases, statistical programming tools, and data visualizations. There are a number of tools available on the market, and knowing which one to choose to increase performance can be time-consuming, and often confusing. Source: RStudio.

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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

The demand for real-time online data analysis tools is increasing and the arrival of the IoT (Internet of Things) is also bringing an uncountable amount of data, which will promote the statistical analysis and management at the top of the priorities list. Share the essential business intelligence trends among your team!

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Fact-based Decision-making

Peter James Thomas

Some systems (even in 2018) can still make it harder to capture good data than to ram in bad. It is entirely feasible that some market event occurs this year ( for example the entrance or exit of a competitor, or the launch of a new competitor product) which would render prior year figures a poor guide. million ± £0.5

Metrics 49
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A Picture Paints a Thousand Numbers

Peter James Thomas

Throughout I use the word “category” to refer to something discrete that is plotted on an axis, for example France, Germany, Italy and The UK, or 2016, 2017, 2018 and 2019. Some authorities describe them as any diagram using a map to display statistical data; I cover this type of general chart in Map Charts below.

Sales 61
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Data Science, Past & Future

Domino Data Lab

He was saying this doesn’t belong just in statistics. It involved a lot of work with applied math, some depth in statistics and visualization, and also a lot of communication skills. It’s like why on earth would any business people care about anything called tensor? Tukey did this paper. It’s a great read.