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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Data analytics is used across disciplines to find trends and solve problems using data mining , data cleansing, data transformation, data modeling, and more. Business analytics also involves data mining, statistical analysis, predictive modeling, and the like, but is focused on driving better business decisions.

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Private cloud makes its comeback, thanks to AI

CIO Business Intelligence

As we are testing and dipping our toes in the water with AI, we are choosing to keep that as private as possible,” he says, noting that the public cloud has the horsepower needed for many LLMs of today but his company has the option of adding GPUs if needed via its privately owned Dell equipment.

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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

2020 will be the year of data quality management and data discovery: clean and secure data combined with a simple and powerful presentation. 1) Data Quality Management (DQM). A survey conducted by the Business Application Research Center stated the data quality management as the most important trend in 2020.

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What is Automated Machine Learning (AutoML)?

Smarten

With the right tools, today’s average business user can become a Citizen Data Scientist , using data integrated from various sources to learn, test theories and make decisions. AutoML comes into play as business users leverage systems and solutions that are designed with Machine Learning capabilities to predict outcomes and analyze data.

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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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Will AI Increase the Reach of BI and Analytics?

Birst BI

These adoption rates include all the users of the BI system – administrators who manage the system, analysts who build reports, and business users who consume reports for better decision making. He published a paper proposing the development of a “relational database model” to address this issue.

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Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

A single model may also not shed light on the uncertainty range we actually face. For example, we may prefer one model to generate a range, but use a second scenario-based model to “stress test” the range. On the other hand, these customer forecasts can be aspirational and often lack high quality prediction intervals.