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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives. Tools Updating: A business analyst is as good as his/her tools.

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

Smarten

How Can Multiple Linear Regression Be Helpful for Business Analysis? If we consider the use cases below, we can see the value of Multiple Linear Regression analysis. Business Problem: An ecommerce company wants to measure the impact of product price, product promotions, and holiday seasonality on product sales.

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

Smarten

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. Confidence (milk->bread) = 0.5

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7 Tips for Using Data Analytics to Inform Revenue Operations

Smart Data Collective

In some cases, this can tell you where funds and time are being wasted, while others might learn that they’re missing out on opportunities to increase efficiency, or even uncover some segment of the market they should be emphasizing further with their sales efforts.

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What it takes to land a CIO gig in 2024

CIO Business Intelligence

Agility: Given the need to stay ahead of market events, behaviors, and disruptive trends, today’s CIO job market favors those who demonstrate flexibility and foresight, and can establish agile IT cultures. Data-driven mindset: Employers seeking new tech chiefs are targeting those who can use data to assess and evaluate key initiatives.

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Business Intelligence Examples Show You the Real BI World

FineReport

With the aid of business intelligence, it’s helpful to make business analysis and decision. Business intelligence will clearly present market proportion, supply chain distribution and other key indicators with charts and numbers. Cost Analysis (by FineReport). Sales business intelligence examples.