FineReport

MARCH 24, 2024

Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. JPMorgan Chase & Co.:

Statistics 52

Statistics Data mining Visualization Reporting 52

datapine

MARCH 15, 2019

At present, 53% of businesses are in the process of adopting big data analytics as part of their core business strategy – and it’s no coincidence. A recent study suggests that the use of predictive analytics in business can result in an ROI of up to 25%.

Technology 143

Technology Cost-Benefit KPI Dashboards 143

Smart Data Collective

JUNE 8, 2023

Sports leagues and teams are using analytics to estimate turn out at various sporting events, predict the performance of individual athletes, identify ways that athletes can improve their performance and improve marketing strategies. We have mentioned that golf players have used data analytics to improve performance.

Data Analytics 82

Data Analytics Analytics Data Collection Statistics 82

Smarten

JUNE 26, 2018

Business Problem: A research agency wants to predict the likelihood of each election candidate being voted on by each voter and in turn devise a strategy to take proactive steps. Let’s look at two use cases: Use Case – 1. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 25, 2018

Business Benefit: The business marketing team can focus on risky customer segments in an efficient way in order to avoid losing those customers. Sales team segments that are facing challenges based on any current discounting strategy can be identified and a deal negotiation strategy can be improved and optimized.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

Business Benefit: By analyzing the various combinations of predictor variables, the business can forecast product growth, trends, patterns and seasonality, if any. About Smarten.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Smarten

JUNE 29, 2018

For instance, if promotions and holiday seasons are significant factors, these factors should be given more focus when devising a marketing strategy. Business Problem: An agriculture production firm wants to predict the impact of the amount of rainfall, humidity, and temperature on the yield of particular crop. About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 20, 2018

The business can use this information for forecasting and planning, and to test theories and strategies. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. Linear Trend. About Smarten.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

Sisense

JULY 6, 2020

Analytics and data are changing every facet of our world. In The State of BI & Analytics , we expand on our original research, keeping you ahead of the curve on the world of analytics, data, and business intelligence. The current global pandemic has united us all and challenges the way we do business.

Data-driven 81

Data-driven Uncertainty Reporting Analytics 81

Smarten

JUNE 29, 2018

Here, the dependent variable would be ‘Purchase Amount’ Business Benefit: Once the test is completed, a p-value is generated which indicates whether there is a statistical difference between the purchase amounts of both segments. About Smarten.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 27, 2018

In this example, the segments that have a response rate higher than the overall response rate can be targeted first since they will require less effort to convert to a purchase, whereas a different marketing strategy must be devised for the lower segments (segments that have a response rate less than the overall rate). About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

datapine

AUGUST 29, 2022

At 156 pages on Kindle, this is a book you could finish in one (long) sitting if you were so inclined, and that you can also use as an inspiration when you work on your business intelligence strategy. 6) Lean Analytics: Use Data to Build a Better Startup Faster, by Alistair Croll and Benjamin Yoskovitz.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

datapine

MAY 16, 2019

Here, we will look at restaurant data analytics, restaurant predictive analytics, analytics software for restaurants, and the specific ways that big data can help boost your business prospects across the board. Why Are Restaurant Analytics Important? The Role Of Predictive Analytics In Restaurants.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

datapine

JANUARY 31, 2022

Using business intelligence and analytics effectively is the crucial difference between companies that succeed and companies that fail in the modern environment. Your Chance: Want to try a professional BI analytics software? Experience the power of Business Intelligence with our 14-days free trial!

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Grooper

AUGUST 19, 2019

Choosing the right analytics solution isn't easy. Successfully navigating the 20,000+ analytics and business intelligence solutions on the market requires a special approach. Read on to learn how data literacy, information as a second language, and insight-driven analytics take digital strategy to a new level.

Analytics 54

Analytics Machine Learning Data Science Data-driven 54

Smarten

JUNE 26, 2018

Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions. Business Benefit: The darker segments reveal the ideal methods of product bundling and placement to increase cross-sales.

Business Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Smarten

JUNE 29, 2018

To understand the value of this applied technique, let’s consider two business use cases. Business Problem: A retail store manager wants to conduct Market Basket analysis to come up with a better strategy of product placement and product bundling. Use Case – 1. About Smarten.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

datapine

NOVEMBER 27, 2019

Over the past decade, business intelligence has been revolutionized. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smarten

JUNE 21, 2018

Business Problem : Insurance claim manager wants to forecast policy sales for next month based on past 12 months data. Business Benefit : If projected claims are lower than expected then proper marketing strategy can be devised to improve sales. Data Pattern : Input data exhibits level and strong upward trend but no seasonality.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40