article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics?

article thumbnail

Essential skills and traits of chief AI officers

CIO Business Intelligence

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Forecast financial market trends.

article thumbnail

The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. They can even optimize capital allocation decisions, such as dividend distribution versus share buy-back, by rapidly modeling multiple scenarios and market conditions.

Finance 98
article thumbnail

How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. In this modern age, each business entity is driven by data. Data analytics are now very crucial whenever there is a decision-making process involved. Perks Associated with Big Data.

Big Data 141
article thumbnail

Think Big – Applying Analytics to Injury Claims Is the Next Challenge for Law Firms

Smart Data Collective

Experienced lawyers can become proficient at predicting the outcome and duration, but that comes after many bad guesses that cost them money. Data analytics is popular in many industries for monitoring customer behavior and helps companies make informed decisions. The impact of predictive modelling on personal injury cases.

Analytics 126
article thumbnail

5 Incredible Ways Big Data Has Changed Financial Trading Forever

Smart Data Collective

These analytics are much more accurate and include more data that allows better predictive models to be created. These things can end up resulting in much more precision in predictions which can help to minimize the risk associated with making financial trading decisions. Risk Assessment.

Big Data 136