Remove 2022 Remove Analytics Remove Forecasting Remove Prescriptive Analytics
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MRO spare parts optimization

IBM Big Data Hub

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 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Bayer Crop Science has applied analytics and decision-support to every element of its business, including the creation of “virtual factories” to perform “what-if” analyses at its corn manufacturing sites. DSS vs. decision intelligence Research firm, Gartner, declared decision intelligence a top strategic technology trend for 2022.

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Turning insights into actions with IBM Business Analytics

IBM Big Data Hub

That’s where business analytics comes in. What is IBM Business Analytics? IBM is helping clients successfully navigate the age of the unexpected with IBM Business Analytics , an enterprise-grade, trusted, scalable and integrated analytics solution portfolio. The capabilities of bundled business analytics.

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Create an end-to-end data strategy for Customer 360 on AWS

AWS Big Data

In 2022, AWS commissioned a study conducted by the American Productivity and Quality Center (APQC) to quantify the Business Value of Customer 360. AWS Data Exchange makes it straightforward to find, subscribe to, and use third-party data for analytics. The following figure shows some of the metrics derived from the study.

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Biggest Trends in Data Visualization Taking Shape in 2022

Smart Data Collective

Big Data analytics has immense potential to help companies in decision making and position the company for a realistic future. There is little use for data analytics without the right visualization tool. In forecasting future events. Prescriptive analytics. What benefits does it bring to businesses?