CIO Business Intelligence

NOVEMBER 14, 2022

They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems. Commonly used models include: Statistical models. Forecasting models. Analytics, Data Science Knowledge-driven DSS.

Data mining 144

Data mining Data-driven Statistics OLAP 144

IBM Big Data Hub

JANUARY 25, 2024

2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms? Now, consider the just-in-case approach.

Optimization 81

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 81

Smarten

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Forecasting. Descriptive Statistics. Trends and Patterns. Classification. Hypothesis Testing. Correlation.

Predictive Analytics 67

Predictive Analytics Analytics Predictive Modeling Prescriptive Analytics 67

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

Smart Data Collective

NOVEMBER 24, 2020

Prescriptive Analytics. In the future of business intelligence, it will also be more common to break data-based forecasts into actionable steps to achieve the best strategy of business development. The companies that yield BI-related tasks to internal IT teams now, are likely to hire expert consultants in the next years.

Business Intelligence 132

Business Intelligence Visualization Dashboards Prescriptive Analytics 132

Andrew White

JANUARY 11, 2021

As with any good consulting response, “it depends.” Do you recommend a consulting approach strategy rather than a CDO strategy? But we are seeing increasing data suggesting that broad and bland data literacy programs, for example statistics certifying all employees of a firm, do not actually lead to the desired change.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. They bring the domain expertise necessary to implement embedded analytics successfully.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52