Remove 2020 Remove Data-driven Remove Forecasting Remove Risk
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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

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Can AI Slash the Costs of Accounting Errors in 2020?

Smart Data Collective

Fortunately, new big data technology can address all of them. Big data has made creating custom accounting software easier than ever. Towards Data Science published a blog post discussing similar research on the topic. Most accounting systems track risk assessments. Contemporary workflows are two-dimensional.

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 7: The Impact of COVID-19 on Financial Services & Risk Management

bridgei2i

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

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Minimizing Supply Chain Disruptions with Advanced Analytics

Cloudera

January 2020 is a distant memory, but for most, the early days of the pandemic was a time that will be ingrained in memories for decades, if not generations. Consider that e-commerce’s acceleration due to the pandemic saw retailers’ digital sales penetration realize 10 years of growth in just the first three months of 2020 alone. .

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Five Ways AI Can Help States Solve Their Hardest Problems (Part 1): Enhance Crisis Response

DataRobot

Many available forecasts provide less than four weeks notice at the state and county level. Additionally, these forecasts often miss surges in community transmission until it is too late to change course. Traditional predictive models do not account for anomaly detection on data reporting issues (e.g., reporting backlogs).

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Redefining clinical trials: Adopting AI for speed, volume and diversity

IBM Big Data Hub

For instance, the FDA released guidance in November 2020 titled, “Enhancing the diversity of clinical trial populations.” Optimize protocols using historical and synthetic data Complex and stringent protocols are notorious for delaying clinical trials and eroding patient engagement.