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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

For both reasons, the role of CIOs has to embrace automation and analytical thinking in strategizing the organization’s initiatives. They are using analytics to help drive business growth. While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics. bn by 2025. .

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What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. How is Spearman’s Rank Correlation Useful for Business Analysis? Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. Use Case – 1.

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Smarten

What is Multiple Linear Regression Analysis? To better understand multiple linear regression, let’s look at one such analysis of independent variables: Temperature and Humidity, and a target variable (yield). How Can Multiple Linear Regression Be Helpful for Business Analysis? Use Case – 1. Use Case – 2.

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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Marketing – Have sales increased following a particular campaign? Let’s look at two use cases to better understand the benefit of this technique in business analysis.

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What is the Chi Square Test of Association and How Can it be Used for Analysis?

Smarten

This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. This analytical technique can be used for numerous purposes. How Can the Chi Square Test of Association Be Used for Business Analysis? Use Case – 1. Use Case – 2.

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Business Dashboard: Door To Acute Business Insights

FineReport

Business dashboards can present key insights in a more automated and real-time manner, saving employees time in collecting and reporting data. In general, business dashboard design follows the 7-11 rule, which means it only take readers 7- 11 seconds for them to grab important information. Dashboard for business performance.

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Top 5 BI tools of 2019: Comparison and How to decide

FineReport

With business intelligence(BI) tools play a more critical role in the enterprises, the technology is poised for an oversized effect in the coming year. BI software assists businesses with data display and analytics to help companies discover the situations, market challenges, as well as the chance. From Google.