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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

However, there are even more important benefits of using big data during a bad economy. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data offers many benefits for companies in any economy. This is true in any economy.

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Enhance your Lending with Predictive Analytics

BizAcuity

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. Predictive Analytics enhances the Lending Process.

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

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.

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How to Move from Real-Time Data to Real-Time Decisions

CIO Business Intelligence

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. I call this point data saturation. That’s fast.

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Big Data: The Technology Behind Retailers Success

Smart Data Collective

Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Wondering why data analytics tools stand out among management, payment processing software and other retail software solutions ? Here’s a brief overview of the top benefits it brings: A better understanding of the customer.

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Predictive Analytics Improves Trading Decisions as Euro Rebounds

Smart Data Collective

Predictive analytics technology has become essential for traders looking to find the best investing opportunities. Predictive analytics tools can be particularly valuable during periods of economic uncertainty. Predictive Analytics Helps Traders Deal with Market Uncertainty.

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The New Normal for FP&A: Scenario Planning

Jedox

It’s not the role of FP&A to predict the plethora of possible causes for a change in the business landscape. It’s about the preparation for a range of possible outcomes, the likelihood of each outcome, and developing corresponding strategies to maximize the long-term benefit. To quote General/President Dwight D.