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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

However, the rapid technology change, the increasing demand for user-centric processes and the adoption of blockchain & IoT have all positioned business analytics (BA) as an integral component in an enterprise CoE. They are using analytics to help drive business growth. Extract Value From Customer.

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

Smarten

For example, a business might use this technique to understand whether there was a difference in manager salaries before and after undertaking a PhD program. How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Use Case – 1.

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What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

Given a set of transactions, this process aims to find the rules that enable us to predict the occurrence of a specific item based on the occurrence of other items in the transaction. First, we will want to understand the terminology used in this type of analysis. How Does Frequent Pattern Mining Support Business Analysis?