FineReport

MARCH 24, 2024

Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Data analysts contribute value to organizations by uncovering trends, patterns, and insights through data gathering, cleaning, and statistical analysis.

Statistics 52

Statistics Data mining Visualization Reporting 52

FineReport

JUNE 11, 2021

Business Analytics. Business analytics is how companies use statistical methods and techniques to analyze historical data to gain new insights and improve strategic decision-making. What is the difference between business intelligence and analytics? Analytics and Business Intelligence Tools.

Business Intelligence 98

Business Intelligence Analytics Dashboards Statistics 98

datapine

JANUARY 6, 2022

Through the art of streamlined visual communication, data dashboards permit businesses to engage in real-time and informed decision-making and are key instruments in data interpretation. More often than not, it involves the use of statistical modeling such as standard deviation, mean and median.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smarten

JANUARY 27, 2023

Smarten has announced the launch of Predictive Model Mark-Up Language (PMML) Integration capability for its Smarten Augmented Analytics suite of products. Smarten PMML Integration enables a seamless process, designed for business users,’ says Patel. Models are interpreted in English and model details are logically organized.

Predictive Modeling 52

Predictive Modeling Analytics Predictive Analytics Business Intelligence 52

Smarten

JULY 26, 2022

The Smarten mobile application provides intuitive dashboards and reports, stunning visualizations, dynamic charts and graphs and key performance indicators (KPIs). 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.

Key Performance Indicator 74

Key Performance Indicator Analytics Business Intelligence Dashboards 74

Smarten

JUNE 27, 2018

The prediction accuracy is useful criterion for assessing the model performance. Model with prediction accuracy >= 70% is useful. 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.

Business Analytics 40

Business Analytics Analytics IT Business Intelligence 40

Smarten

JUNE 25, 2018

This article provides a brief explanation of the definition and uses of the Descriptive Statistics algorithms. What is a Descriptive Statistics? Descriptive statistics helps users to describe and understand the features of a specific dataset, by providing short summaries and a graphic depiction of the measured data.

Statistics 40

Statistics Enterprise Measurement Business Intelligence 40

FineReport

JUNE 11, 2021

Business Analytics. Business analytics is how companies use statistical methods and techniques to analyze historical data to gain new insights and improve strategic decision-making. What is the difference between business intelligence and analytics? Analytics and Business Intelligence Tools.

Business Intelligence 52

Business Intelligence Analytics Dashboards Statistics 52

Smarten

APRIL 12, 2023

About Smarten 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.

Snapshot 52

Snapshot Key Performance Indicator KPI Business Intelligence 52

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

AWS Big Data

NOVEMBER 29, 2023

We have improved data lake query performance by integrating with AWS Glue statistics and introduce preview of incremental refresh for materialized views on data lake data to accelerate repeated queries. Use one click to access your data lake tables using auto-mounted AWS Glue data catalogs on Amazon Redshift for a simplified experience.

Data Warehouse 105

Data Warehouse Data Lake Analytics Machine Learning 105

Cloudera

FEBRUARY 25, 2021

AMPs move the starting line for any ML project by enabling data scientists to start with a full end-to-end project developed for a similar use case, including a trained and deployed ML model, as well as prebuilt predictive business applications, out of the box. The work of a machine learning model developer is highly complex.

Deep Learning 82

Deep Learning Machine Learning Forecasting Visualization 82

BizAcuity

APRIL 1, 2023

Exploratory Data Analysis (EDA) EDA is used to analyze data and summarize their main properties and characteristics using visual techniques. 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.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

EDA is used to analyze data and summarize their main properties and characteristics using visual techniques. Widely used to discover trends, patterns, check assumptions and spot anomalies or outliers, EDA involves a variety of techniques including statistical analysis, and machine learning to gain a better understanding of data.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Smarten

APRIL 19, 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.

Slice and Dice 57

Slice and Dice Business Intelligence Advertising Predictive Modeling 57

Smarten

NOVEMBER 8, 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.

Business Intelligence 52

Business Intelligence Predictive Modeling Statistics Data-driven 52

Smarten

OCTOBER 25, 2017

As the concept of business analytics becomes more main stream and business users embrace the possibilities, they (and their managers) want and expect even more tools and more potential. Advanced Data Discovery allows business users to quickly and easily prepare and analyze data and visualize and explore data.

Predictive Modeling 63

Predictive Modeling Statistics Visualization Business Analytics 63

Smarten

JUNE 29, 2018

The independent sample t-test is a statistical method of hypothesis testing that determines whether there is a statistically significant difference between the means of two independent samples. This article focuses on the Independent Samples T Test technique of Hypothesis testing. About Smarten.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

This article describes the analytical technique of multiple linear regression. Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). What is Multiple Linear Regression Analysis? About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. What is the Karl Pearson Correlation Analytical Technique? Correlation is a statistical measure that indicates the extent to which two variables fluctuate together.

Enterprise 40

Enterprise IT Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

Simple Linear Regression is a statistical technique that attempts to explore the relationship between one independent variable (X) and one dependent variable (Y). This method helps a business to identify the relationship between X and Y and the nature and direction of that relationship. What is Simple Linear Regression?

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Smarten

JUNE 20, 2018

In prediction, the objective is to “model” all the components to some trend patterns to the point that the only component that remains unexplained is the random component. A stationary time series is one with statistical properties such as mean, where variances are all constant over time. Stationary/Stationarity.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

Smarten

JUNE 26, 2018

It is used to determine whether there is a statistically significant association between the two categorical variables. This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. This article describes chi square test of association and hypothesis testing.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 21, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. Time series forecasting methods are used to extract and analyze data and statistics and characterize results to more accurately predict the future based on historical data.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

Smarten

JUNE 29, 2018

At 95% confidence level (5% chance of error): As p-value = 0.041 which is less than 0.05, there is a statistically significant difference between means of pre and post sample values. Business Problem: A grocery store sales manager wants to know whether daily sales have increased after an advertising campaign.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 26, 2018

For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’ ’ The ARIMA model is suggested for short term forecasting. p: to apply autoregressive model on series.

Forecasting 40

Forecasting Enterprise IT Sales 40

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 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. An Autoregressive Integrated Moving Average with Explanatory Variable (ARIMAX) model can be viewed as a multiple regression model with one or more autoregressive (AR) terms and/or one or more moving average (MA) terms.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

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. This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 25, 2018

Business Problem: Discount Analysis and Customer Retention will help the organization to target discounts to specific customers and the business will need to visualize ‘segments of sales group based on discount behavior’ and ‘customer churn to identify segments of customers on the verge of leaving’. Use Case – 2.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

Improved statistical precision is achieved through this method due to the low variability within each subgroup, and the fact that a smaller sample size is required for this method as compared to simple random sampling. A random sample from each of these subgroups is taken in proportion to the subgroup size relative to the population size.

Analytics 40

Analytics Statistics Business Intelligence Predictive Modeling 40

Smarten

JUNE 26, 2018

Logistic regression model output is helpful in identifying important factors that will impact the target variable and the nature of relationships between each of these factors and dependent variables.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 28, 2018

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.

IT 40

IT Business Intelligence Predictive Modeling Risk 40

Smarten

JUNE 27, 2018

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.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 29, 2018

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.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 26, 2018

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 Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Smarten

JULY 10, 2018

Paired Sample T Test: What is the Paired Sample T Test and How is it Beneficial to Business Analysis? Use Case(s): Manufacturing unit manager analyzes statistical significance of cycle time difference, pre and post process change, determine whether sales increased following a particular campaign and more.

Analytics 40

Analytics Forecasting Statistics Sales 40