How to improve manufacturing ROI with prescriptive analytics
IBM Big Data Hub
SEPTEMBER 11, 2018
Prescriptive analytics helps companies see where process improvements could have the biggest, most immediate impact on their bottom line.
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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive
Rocket-Powered Data Science
OCTOBER 6, 2023
Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?
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Biggest Trends in Data Visualization Taking Shape in 2022
Smart Data Collective
OCTOBER 13, 2021
There are countless examples of big data transforming many different industries. There is no disputing the fact that the collection and analysis of massive amounts of unstructured data has been a huge breakthrough. We would like to talk about data visualization and its role in the big data movement.
What is the Future of Business Intelligence in the Coming Year?
Smart Data Collective
NOVEMBER 24, 2020
Business intelligence software will be more geared towards working with Big Data. Data Governance. One issue that many people don’t understand is data governance. It is evident that challenges of data handling will be present in the future too. Prescriptive Analytics. Increase in ROI.
The Power of Graph Databases, Linked Data, and Graph Algorithms
Rocket-Powered Data Science
MARCH 10, 2020
But it is not a failure — its actual success (and positive ROI) is discovered by the graph analytics algorithm through the transitive relationship between the marketing campaign and the final customer purchase, through an intermediary (entity-in-the-middle)! The campaign looks like a failure. community detection ).
A Guide to Data Analytics in the Travel Industry
Alation
MARCH 21, 2023
To fully realize data’s value, organizations in the travel industry need to dismantle data silos so that they can securely and efficiently leverage analytics across their organizations. What is big data in the travel and tourism industry? How is data analytics used in the travel industry?
What Is Embedded Analytics?
Jet Global
MAY 1, 2023
Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. Benefits: The combination of strategic benefits (e.g., cost reduction).
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