IBM Big Data Hub

JANUARY 25, 2024

trillion, up from USD 864 billion in 2019 to 2020. Considering that IDC surveyed 37% of companies that manage spare parts inventory by using spreadsheets, email, shared folders or an uncertain approach, it becomes evident that this practice carries more risk than it might seem. Now, consider the just-in-case approach.

Optimization 74

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 74

BizAcuity

MARCH 31, 2022

of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. 85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams. Prescriptive Analytics: Prescriptive analytics is the most complex form of analytics.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Domino Data Lab

JUNE 2, 2019

Ludwig (@RandiRLudwig) May 23, 2019. Another gem of an observation from Michelle Ufford: too many prescriptive rules for how data teams approach problems leads to brittle process and ineffective culture. If your business is using big data and putting dashboards in front of analysts, you’re missing the point.”.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

datapine

NOVEMBER 27, 2019

Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts. 4) Predictive And Prescriptive Analytics Tools.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

DECEMBER 4, 2019

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. Prescriptive Analytics: What should we do? Mobile Analytics.

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

Andrew White

JANUARY 11, 2021

But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Additionally, the value of data may change, and our own personal judgement of the the same data and its value may differ. Risk Management (most likely within context of governance).

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

Positioning Embedded Analytics for Each Executive Here are some tips on understanding executives’ priorities and getting them on board with the project. Show how embedded analytics will enhance sales and marketing through better demos and shorter sales cycles. It will help to eliminate some of the development risks.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52