Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 118

Management Analytics Predictive Analytics Cost-Benefit 118

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. While it’s important to be prepared for any potential challenges that may arise, it is equally important to avoid overprovisioning to optimize your business resources and achieve your sustainability goals.

Cost-Benefit 91

Cost-Benefit Uncertainty Digital Transformation Optimization 91

CDW Research Hub

OCTOBER 19, 2021

Delivering Compelling Strategic and Financial Benefits and Strong Cultural Fit. Optimal use of capital, maintaining disciplined capital allocation prioritization. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable.

Uncertainty 102

Uncertainty Sales Finance Cost-Benefit 102

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

BI-Survey

FEBRUARY 14, 2022

Overnight, the impact of uncertainty, dynamics and complexity on markets could no longer be ignored. Local events in an increasingly interconnected economy and uncertainties such as the climate crisis will continue to create high volatility and even chaos. Does the effort match the benefit? Are there better methods?

Forecasting 52

Forecasting Uncertainty Measurement Software 52

The Unofficial Google Data Science Blog

APRIL 19, 2021

To explain, let’s borrow a quote from Nate Silver’s The Signal and the Noise : One of the most important tests of a forecast — I would argue that it is the single most important one — is called calibration. If, over the long run, it really did rain about 40 percent of the time, that means your forecasts were well calibrated.

Modeling 122

Modeling IT Metrics Testing 122

Sisense

DECEMBER 13, 2021

But, many don’t know where to begin or how exactly to work with their data to their optimal benefit. By studying it, businesses can evolve and pivot to better fit their users’ needs, as well as how to prioritize the information in a way that benefits the health and growth of a business. Forecasting consumer trends.

Data-driven 59

Data-driven IT Business Intelligence Cost-Benefit 59