Rocket-Powered Data Science

MARCH 19, 2021

The vast scope of this digital transformation in dynamic business insights discovery from entities, events, and behaviors is on a scale that is almost incomprehensible. Traditional business analytics approaches (on laptops, in the cloud, or with static datasets) will not keep up with this growing tidal wave of dynamic data.

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

CIO Business Intelligence

JUNE 7, 2022

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 vs. business analytics.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

CIO Business Intelligence

JULY 28, 2023

Engaged customers are vital to the success of any business. Analytics is central to understanding what works for your customers. While every breach is unique, it is important to outline the attack, what customers need to do to protect themselves and the changes being made to reinforce security measures.

Strategy 93

Strategy Enterprise Forecasting Risk 93

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

JUNE 21, 2023

Understanding HR Metrics HR metrics, also known as HR analytics or HR key performance indicators (KPIs), are quantitative measurements used to assess various aspects of an organization’s human resources function. Additionally, we will discuss how to effectively implement HR metrics to maximize their impact.

Data-driven 83

Data-driven Analytics Metrics Big Data 83

Smarten

JUNE 17, 2022

.” The Information Technology Amendment Act of 2009 designated CERT-IN as the national agency to perform functions for cyber security, including the collection, analysis and dissemination of information on cyber incidents, as well as taking emergency measures to handle incidents and coordinating cyber incident response activities.

Analytics 67

Analytics IT Business Intelligence Predictive Modeling 67

Smarten

APRIL 12, 2023

SnapShot KPI monitoring allows business users to quickly establish KPIs, target metrics and identify key influencers and variables for the target KPI. Contact the Smarten team to find out more about Smarten SnapShot Anomaly Monitoring and how this powerful functionality can help you to gain insight into your data and results.

Snapshot 52

Snapshot Key Performance Indicator KPI Business Intelligence 52

CIO Business Intelligence

SEPTEMBER 22, 2022

To overcome these, CIOs have to communicate to the CFO more readily about how IT supports business goals to capture value. New technologies can greatly support these efforts, of course, and business analytics and AI can help provide real-time snapshots of how technology is driving efficiency.

Digital Transformation 109

Digital Transformation Snapshot Finance Strategy 109

Sisense

JUNE 24, 2021

Learning Pool’s white paper Measuring the Modern Learner Experience explains how an LRS specifically stores xAPI statements, which at their most basic level combine an actor, a verb, and an object. These seemingly unrelated learning elements are then unified by a standard that other systems understand.

Analytics 83

Analytics Measurement Dashboards Optimization 83

datapine

FEBRUARY 9, 2024

The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals. How does Company A measure the success of each individual effort so that it can isolate strengths and weaknesses? The effort is a success, and more customers start pouring in. What happens next?

KPI 221

KPI Management Key Performance Indicator Measurement 221

Sisense

MAY 28, 2020

Chandana Gopal, Business Analytics Research Director, IDC. Product teams are already having to manage the growing complexities that come with modern data environments,” said Chandana Gopal, research director for business analytics at IDC. Chandana Gopal, Business Analytics Research Director, IDC.

Internet of Things 83

Internet of Things Metadata Data-driven Unstructured Data 83

FineReport

AUGUST 11, 2021

Financial performance is a vital aspect to measure your business performance. Therefore, the financial sector can view key indicators and measure financial performance in a short time and efficiently. Dashboard for business analytics. Financial performance dashboard(by FineReport). Dupont analysis(by FineReport).

Dashboards 52

Dashboards Metrics Sales Visualization 52

Smarten

JUNE 29, 2018

Correlation is a statistical measure that indicates the extent to which two variables fluctuate together A positive correlation indicates the extent to which those variables increase or decrease in parallel. The Spearman’s Rank Correlation is a measure of correlation between two ranked (ordered) variables. About Smarten.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

FEBRUARY 4, 2020

The Client business was constantly evolving and adding more stores as well as launching an online presence. Smarten offered a complete range of reporting and analytics tools including complex analytics to measure and manage stores sales performance, out–of-stock situations analysis, merchandise management, finance etc.,

Analytics 67

Analytics Finance Dashboards Sales 67

Smarten

JUNE 29, 2018

For example, one might consider two groups of participants that are measured at two different “time points” or two groups that are subjected to two different “conditions” Paired T Test is used to evaluate the before and after of a situation, treatment, condition, etc. is the same in two related groups. About Smarten.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 29, 2018

Correlation is a statistical measure that indicates the extent to which two variables fluctuate together. The Karl Pearson’s correlation measures the degree of linear relationship between two variables. A positive correlation indicates the extent to which those variables increase or decrease in parallel. About Smarten.

Enterprise 40

Enterprise IT Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

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

Business Analysis 40

Business Analysis IT Sales Statistics 40

FineReport

APRIL 9, 2024

The convergence of these business analytics advancements underscores the transformative potential of modern BI tools in empowering organizations with actionable insights. As businesses navigate an increasingly data-driven environment, staying abreast of these trends is essential for leveraging data as a strategic asset.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Smart Data Collective

NOVEMBER 24, 2021

After analyzing the testing results, a team needs to determine a set of specific actions that have to be taken to obtain the data needed for achieving the team’s business goals. • Based on the previous steps, a team comes up with a new data analytics strategy and develops an MVP to achieve visible and measurable results.

Enterprise 128

Enterprise Testing Business Intelligence Strategy 128

Smart Data Collective

AUGUST 7, 2019

Another data analysis tool that many businesses use today is CRM analytics. Some of the practical applications of CRM analytics include: Creating customer groups. Tracking and measuring escalation arising from problems with a specific product or service. Big Data is Simplifying Many Business Management Tasks.

Data Analytics 100

Data Analytics Analytics Big Data Data Lake 100

Timo Elliott

JANUARY 9, 2020

I guarantee the dashboard would have been glowing red long before anybody “realized” there was a problem—and appropriate measures could have been taken. And experience management could be a revelation in many other areas of the organization.

Management 79

Management Dashboards Optimization Interactive 79

Cloudera

JANUARY 14, 2021

This technology allows retailers to measure and respond in real-time to shopper behavior, measure geolocation, traffic, dwell times, and conversion metrics. In-store customer insights and engagement opportunities are now possible using data captured from sensors, video, and beacons.

Cost-Benefit 73

Cost-Benefit Digital Transformation Sales IoT 73

BizAcuity

FEBRUARY 22, 2019

Financial Analytics – An Outlook. In today’s world of competitive businesses, analytics is an essential part of staying competitive especially in this digital era where data is omnipresent. In addition, it needs to have powerful analytics technology for its event revenue measurement.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

Smart Data Collective

MAY 4, 2021

Monitoring the chatter on social media allows your business to collect data on both the positive and negative things that your target audience is saying about your brand online, which you can use to fuel future decisions regarding improving your brand image.

Advertising 136

Advertising Marketing Data Collection Data Analytics 136

Cloudera

NOVEMBER 16, 2020

Fraud is one of the use cases where technology has made a huge, measurable difference: focusing on fraud detection and prevention, Emerj reports insurers have seen ROIs of up to 400% on their investments in fraud technology. .

Insurance 102

Insurance ROI Marketing Machine Learning 102

Jim Harris

MAY 12, 2015

Today cloud-based analytics refers to the use of cloud computing to provide more business users with access to the data and analytical functionality needed to forecast business outcomes, calculate risks, predict market shifts, develop profitable promotions, and make more informed business decisions.

Analytics 45

Analytics Forecasting Data-driven Measurement 45

Smart Data Collective

APRIL 3, 2022

Its immediacy is punctuated by the fact that pulse surveys are not designed to measure specific items , instead existing as a vehicle for rapid, high quality feedback. A pulse survey should be short and sweet, handed out roughly every other quarter. Their frequency means it’s easier to obtain meaningful data that actually matters.

Data Strategy 98

Data Strategy Strategy Data-driven Big Data 98

Cloudera

JANUARY 5, 2021

Through this collaborative effort, they also reduced point solution costs, improved analytic agility, and established an approach to use with other legacy business applications. This retailer also implemented a follow-on use case of predictive analytics for maintenance, improving uptime of their delivery fleet.

Forecasting 93

Forecasting Cost-Benefit Sales Unstructured Data 93

Smarten

DECEMBER 3, 2023

Accessible augmented analytics, allows you to transition your business users to the Citizen Data Scientist role to make better decisions, more quickly. Every business needs to understand how these solutions can and will affect users, processes and workflow. The benefits of self service analytics are too numerous to mention.

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

BizAcuity

APRIL 1, 2023

Predictive Analytics It is a subset of business analytics that uses statistical techniques (algorithms) to find patterns in historical data points and predict future outcomes with high accuracy. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

Predictive Analytics. It is a subset of business analytics that uses statistical techniques (algorithms) to find patterns in historical data points and predict future outcomes with high accuracy. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Smarten

JUNE 29, 2018

Business Problem: An eCommerce company wants to measure the impact of product price on product sales. 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.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Sisense

AUGUST 19, 2020

Big data, analytics, cloud computing, data mining, data science — the buzzwords of the modern data and analytics industry — have taken every business and organization by storm, no matter the scale or nature of the business. Moving to the cloud helped transform the way McKesson operates.

Big Data 52

Big Data Machine Learning Digital Transformation Marketing 52

Smarten

JUNE 29, 2018

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. Logistic regression measures the relationship between the categorical target variable and one or more independent variables. What is Binary Logistic Regression Classification? About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 26, 2018

Logistic regression measures the relationship between the categorical target variable and one or more independent variables It deals with situations in which the outcome for a target variable can have two or more possible types. What is the Multinomial-Logistic Regression Classification Algorithm? About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

CIO Business Intelligence

MARCH 30, 2022

For organizations looking to move beyond stale reports, decision intelligence holds promise, giving them the ability to process large amounts of data with a sophisticated mix of tools such as artificial intelligence and machine learning to transform data dashboards and business analytics into more comprehensive decision support platforms.

Machine Learning 144

Machine Learning Testing Risk Data-driven 144

Smarten

JUNE 29, 2018

One is a dimension containing two values and the other is a measure. 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.

Testing 40

Testing Statistics IT Business Intelligence 40