2019 Cost-Benefit Optimization Prescriptive Analytics 
IBM Big Data Hub
JANUARY 25, 2024
A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 trillion, up from USD 864 billion in 2019 to 2020. regulations, undergoing digital transformation and the need for cost-cutting.
datapine
NOVEMBER 27, 2019
The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts. 2019 was a particularly major year for the business intelligence industry. According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses.
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Sisense
JUNE 30, 2020
Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. Predicting forthcoming trends sets the stage for optimizing the benefits your organization takes from them.
Jet Global
MAY 1, 2023
These benefits provide a 360-degree feedback loop. Embedded analytics has proven to be a must-have for staying in compliance. 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.
Andrew White
JANUARY 11, 2021
With a success behind you, sell that experience as the kind of benefit you can help improve. For a time, I believed simulation was more useful a capability than optimization, at the time that larger firms were seeking optimization solutions. That may well be tied to how IT is classically managed: as a cost center.
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