Smart Data Collective

JUNE 16, 2022

For both reasons, the role of CIOs has to embrace automation and analytical thinking in strategizing the organization’s initiatives. And since no one except CIOs has the technical nerve of a business; they are seizing the opportunity to increase value to the organization while positioning themselves as thought leaders. . bn by 2025. .

Business Analytics 121

Business Analytics Analytics Forecasting Business Analysis 121

Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

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.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

FEBRUARY 8, 2023

Gartner predicts that, ‘Through 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ This goal can be achieved by showing team members how to apply analytical techniques and algorithms to day-to-day issues, problems, and projects.

Analytics 52

Analytics Advertising Predictive Analytics Optimization 52

Smarten

JUNE 26, 2018

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.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. So, Support (x -> y)= no.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40