Remove Analytics Remove Digital Transformation Remove Prescriptive Analytics Remove Risk
article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What is data analytics? Data analytics is a discipline focused on extracting insights from data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. What are the four types of data analytics?

article thumbnail

MRO spare parts optimization

IBM Big Data Hub

These supplies include everything from large infrastructure items such as turbines, generators, transformers and heating, ventilation and air conditioning systems to smaller items like gears, grease and mops. regulations, undergoing digital transformation and the need for cost-cutting. Now, consider the just-in-case approach.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Leaders Want: Shifting to AI-Driven Healthcare

DataRobot Blog

The message we’ve heard from attendees, loud and clear, is that the COVID-19 pandemic has enabled organizations to rapidly accelerate digital transformation and that there’s a strong mandate to maintain momentum. The push to predictive and prescriptive analytics requires strategy and C-Suite ownership.

article thumbnail

Automated Sales Forecasting with Predictive Analytics Making AI Real (Part 4)

Jedox

In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analytics technology including predictive analytics for sales forecasting. Making AI Real (Part 2).

article thumbnail

Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

Combined, it has come to a point where data analytics is your safety net first, and business driver second. By 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. Artificial Intelligence Analytics. Source: Gartner Research).

article thumbnail

A Guide to Data Analytics in the Travel Industry

Alation

For example, airlines have historically applied analytics to revenue management, while successful hospitality leaders make data-driven decisions around property allocation and workforce management. Why is data analytics important for travel organizations? Today, modern travel and tourism thrive on data.

article thumbnail

Four starting points to transform your organization into a data-driven enterprise

IBM Big Data Hub

Due to the convergence of events in the data analytics and AI landscape, many organizations are at an inflection point. The kind of digital transformation that an organization gets with data integration ensures that the right data can be delivered to the right person at the right time. Start a trial. AI governance.