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Why prescriptive analytics and decision optimization are crucial

IBM Big Data Hub

Prescriptive analytics helps identify the best course of action that can enable businesses to achieve organizational goals. Although figuring out what you should do is a crucial aspect of business, the value of prescriptive analytics is often missed.

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MRO spare parts optimization

IBM Big Data Hub

Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0 Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms? Results may vary.

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Prescriptive analytics: The cure for a transforming healthcare industry

IBM Big Data Hub

Prescriptive analytics offers healthcare decision makers the opportunity to influence optimal future outcomes.

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Optimization technology and AI in the real world: Operational efficiency stories

IBM Big Data Hub

In this blog post, we’ll share real-world stories of how decision optimization technology delivers prescriptive analytics capabilities and opens the door to operational efficiency. We will also introduce you to the IBM data science and AI platform solutions that can deliver operational efficiency that satisfies the business.

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Data science vs. machine learning: What’s the difference?

IBM Big Data Hub

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? This post will dive deeper into the nuances of each field.

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis.

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

BizAcuity

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. of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. Source: Gartner Research). Source: TCS).