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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028.

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Machine Learning Helps Improve Tronc Management Considerably

Smart Data Collective

One of the benefits of leveraging machine learning is that it can help with develop employee compensation schemes. Joanne Sammer, an author with Better Workplace Better World published an article on the use of AI in making pay decisions. The leisure and hospitality businesses rely largely on tronc benefits.

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SAP raises on-prem support costs again to drive cloud adoption

CIO Business Intelligence

First came the carrot of lower costs in the cloud with the bundled Rise with SAP offering. SAP said Thursday it will raise the cost of support for users of its on-premises software for the second year in a row, just days after announcing plans to withhold future innovations in its products from on-prem customers. Bucking the trend?

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4 skills that can help companies thrive with AI

CIO Business Intelligence

Organizations will benefit from these skills in other ways, too, she adds. If your AI capability in the product is going to cost the customer additional money but won’t bring them that much more profitability,” that’s not going to work, says Subbaiah. A version of this story originally published on The Works.

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Big Data Helps Solar Energy Become Major Cost Saver for Businesses

Smart Data Collective

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. A little over a year ago, Entrepreneur.com published an article on this topic titled Big Data and Solar Energy Are a Match Made in Heaven. We made a similar post about the benefits of big data for renewable energy.

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Can AI Slash the Costs of Accounting Errors in 2020?

Smart Data Collective

We want to cover the costs of both job scheduling and appointment scheduling issues in this post. Companies that use machine learning can significantly reduce the costs of major accounting errors. Towards Data Science published a blog post discussing similar research on the topic. Machine learning can help with both.

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Achieving Trusted AI in Manufacturing

Cloudera

There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits. Demand forecasting: AI can be used to forecast demand for products based on historical data, trends, and external factors such as weather, holidays, seasonality, and market conditions.