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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics and data science are closely related.

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What is the Chi Square Test of Association and How Can it be Used for Analysis?

Smarten

Finance – An organization might use this technique to Identify if demographic factors influence banking channel/product/service preference or selection of a type of term plan of an insurance etc. How Can the Chi Square Test of Association Be Used for Business Analysis?

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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

Smarten

SVM Classification Analysis: What is SVM Classification Analysis and How Can It Benefit Business Analytics? Use Case(s): Predict success of treatment success based on attributes of a patient, improve weather forecasting results and more. Outlier Analysis: What is Outlier Analysis and How Can It Improve Analysis?

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What is the Holt-Winters Forecasting Algorithm and How Can it be Used for Enterprise Analysis?

Smarten

Business Benefit : Helps in planning for repeat telecast and for more advertisement (fund raising) if the projected count of viewers is high. Business Problem : Insurance claim manager wants to forecast policy sales for next month based on past 12 months data. 2) Double Exponential Smoothing Use Case.