BizAcuity

JANUARY 18, 2023

There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics. Predictive Analytics. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise. These include-.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

datapine

MARCH 25, 2022

There is not a clear line between business intelligence and analytics, but they are extremely connected and interlaced in their approach towards resolving business issues, providing insights on past and present data, and defining future decisions. What’s the difference between Business Analytics and Business Intelligence?

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Smarten

JUNE 27, 2018

the organization can predict the likelihood of an employee submitting fraudulent expenses. How Can SVM Classification Analysis Benefit Business Analytics? Let’s examine two business use cases where SVM Classification can benefit the organization. Use Case – 1. About Smarten.

Business Analytics 40

Business Analytics Analytics IT Business Intelligence 40

Smarten

APRIL 12, 2023

Smarten announces the launch of SnapShot Anomaly Monitoring Alerts for Smarten Augmented Analytics. SnapShot Monitoring provides powerful data analytical features that reveal trends and anomalies and allow the enterprise to map targets and adapt to changing markets with clear, prescribed actions for continuous improvement.

Snapshot 52

Snapshot Key Performance Indicator KPI Business Intelligence 52

datapine

JANUARY 31, 2022

Although the oil company has been producing massive amounts of data for a long time, with the rise of new cloud-based technologies and data becoming more and more relevant in business contexts, they needed a way to manage their information at an enterprise level and keep up with the new skills in the data industry.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Smarten

NOVEMBER 8, 2022

“By the end of this course, participants will understand the role and value of Citizen Data Scientists and the benefits to the organization, as well as the integration points and cultural shifts that will position analytical professionals and Citizen Data Scientists to work more productively,” Patel says.

Business Intelligence 52

Business Intelligence Predictive Modeling Statistics Data-driven 52

Smarten

JUNE 29, 2018

’ ARIMAX is related to the ARIMA technique but, while ARIMA is suitable for datasets that are univariate (see the article, entitled’ What is ARIMA Forecasting and How Can it Be Used for Enterprise Analysis?’). How Can ARIMAX Forecasting Be Used for Enterprise Analysis?

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

IBM Big Data Hub

SEPTEMBER 19, 2023

Having the right data strategy and data architecture is especially important for an organization that plans to use automation and AI for its data analytics. The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Smarten

JULY 26, 2022

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist. Original Post : Smarten Augmented Analytics Now Available on Mobile App!

Key Performance Indicator 74

Key Performance Indicator Analytics Business Intelligence Dashboards 74

Smarten

JUNE 26, 2018

q: to apply moving average model on series. How Can the ARIMA Forecasting Method Be Used for Enterprise Analysis? Business Problem: A pharmaceutical company wants to predict the sales of a drug for the next two months, based on drug sales data from the past 12 months.

Forecasting 40

Forecasting Enterprise IT Sales 40

Smarten

JUNE 21, 2018

How Can Holt-Winters Forecasting Be Used for Enterprise Analysis? Tools such as Smarten Plug n’ Play predictive analysis provide assisted predictive modeling capabilities. Smart Visualization ensures that data and its interpretation are clearly depicted in simple, natural language.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

Smarten

JUNE 29, 2018

How Can the Karl Pearson Correlation Method Be Used to Target Enterprise Analytical Needs? Business Problem: A bank wants to find the correlation between income and credit card delinquency rate of credit card holders. must be converted to numeric ranking, i.e., 1,2,3,4,5.

Enterprise 40

Enterprise IT Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

Here is a sample of simple linear regression analysis, considering the effects of temperature on crop yield: Simple linear regression is limited to predicting numeric output i.e., dependent variable has to be numeric in nature. How Can the Enterprise Use Simple Linear Regression to Analyze Data? Use Case – 1.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Smarten

JUNE 25, 2018

This method is used to find groups that have not been explicitly labeled in the data, and it can be used to confirm business assumptions about what types of groups exist, or to identify unknown groups in complex data sets. How Does an Enterprise Use the KMeans Clustering Algorithm to Analyze Data?

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

As the majority class = Good for the three nearest neighbors (two out of three records have class = Good), predicted class of an instance = Good, i.e. quality of a paper tissue having acid durability =3 and strength =7 is good. How Can KNN Classification Help an Enterprise?

Enterprise 40

Enterprise Business Intelligence Predictive Modeling Statistics 40

Smarten

APRIL 19, 2022

Smarten Sentiment Analysis is simple enough for business users and allows every enterprise to democratize data, improve data literacy and cascade analytics to every team and every user in the organization. Original Post : Smarten Announces Sentiment Analysis Capability Designed for Business Users!

Slice and Dice 57

Slice and Dice Business Intelligence Advertising Predictive Modeling 57

Smarten

JUNE 17, 2022

The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Analytics 67

Analytics IT Business Intelligence Predictive Modeling 67

Smarten

JUNE 29, 2018

How Can Naïve Bayes Be Used for Enterprise Analysis? an organization can predict if it will be rainy/sunny/windy tomorrow. Naïve Bayes performs well in cases of categorical input variables compared to numerical variables. For numerical variable, normal distribution is assumed which is a strong assumption.

Enterprise 40

Enterprise IT Business Intelligence Forecasting 40

Smarten

JUNE 25, 2018

How Does One Choose the Right Descriptive Statistics Algorithm for Enterprise Analysis? Business Problem: Find out the average age and income for a particular type of product category purchased. Let’s look at a few use cases for the various types of descriptive statistics. 1) Mean/Median.

Statistics 40

Statistics Enterprise Measurement Business Intelligence 40

Smarten

DECEMBER 3, 2023

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. Giving your team the right tools and a simple way to manage the overwhelming flow of data is crucial to business success.’

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

Smarten

JUNE 28, 2018

Business Problem: The enterprise wishes to organize customers into groups/segments based on similar traits, product preferences and expectations. 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.

IT 40

IT Business Intelligence Predictive Modeling Risk 40

Smarten

JUNE 29, 2018

Multiple linear regression models are useful in helping an enterprise to consider the impact of multiple independent predictors and variables on a dependent variable, and can be beneficial for forecasting and predicting results. About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 20, 2018

A basic understanding of the types and uses of trend and pattern analysis is crucial, if an enterprise wishes to take full advantage of these analytical techniques and produce reports and findings that will help the business to achieve its goals and to compete in its market of choice. About Smarten.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

Smarten

JULY 10, 2018

This article summarizes our recent article series on the definition, meaning and use of the various algorithms and analytical methods and techniques used in predictive analytics for business users, and in augmented data preparation and augmented data discovery tools.

Analytics 40

Analytics Forecasting Statistics Sales 40

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. An enterprise might also use Chi Square to determine if there is a relationship between the region in which a product is purchased, and the product or category of product that is purchased.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 27, 2018

The Decision Tree analysis technique is useful in classifying and segmenting markets, types of customers and other categories in order to make decisions on where to focus enterprise resources. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40