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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What are the benefits of business analytics? Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns. Predictive analytics: What is likely to happen in the future? Prescriptive analytics: What do we need to do? This is the purview of BI.

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Top Data Science Tools That Will Empower Your Data Exploration Processes

datapine

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. Let’s get started.

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How Can Finance Functions Become Analytics Leaders?

Jet Global

FSN’s research shows that non-financial data is pivotal to being able to forecast further out on the time horizon. So, the obvious question is, what does it take to be an analytics leader? Helpfully, the research sheds light on this too. There are two main constraints, namely technology and data mastery.

Finance 78
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4 Data Analytics Tools That Will Revolutionize Marketing In 2021

Smart Data Collective

There are a number of reasons that data analytics is transforming the direction of GTM marketing in 2021. Some of these were addressed in the Data Driven Summit 2018. The tool will collect, refine, and present the data into an easy to understand dashboard. You only need to define your goals and specify the data sources.

Marketing 107
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What AI Means to a Data Scientist

Birst BI

For example, there are a plethora of software tools available to automatically develop predictive models from relational data, and according to Gartner, “By 2020, more than 40% of data science tasks will be automated, resulting in increased productivity and broader usage by citizen data scientists.” [1] Source: Gartner (April 2018).

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18 Examples Of Big Data Analytics In Healthcare That Can Save People

datapine

Then, they could use machine learning to find the most accurate algorithms that predicted future admissions trends. However, as an article by Fast Company states, there are precedents to navigating these types of problems and roadblocks while accelerating progress towards curing cancer using the strength of data analytics.

Big Data 364
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Top 10 IT & Technology Buzzwords You Won’t Be Able To Avoid In 2020

datapine

In business intelligence, we are evolving from static reports on what has already happened to proactive analytics with a live dashboard assisting businesses with more accurate reporting. An exemplary application of this trend would be Artificial Neural Networks (ANN) – the predictive analytics method of analyzing data.