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Improve Underwriting Using Data and Analytics

Cloudera

The next step leads to performing exploratory, descriptive analytics, “why is this happening,” and so on. Finally, the end goal is to enable proactive, predictive analytics — “what if” — using applied ML and AI to better predict what will happen and recommend actions to prevent or manage activities as necessary.

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How to supercharge data exploration with Pandas Profiling

Domino Data Lab

For example: Observing the frequency of missing data across a dataset’s features often tells one which features can be used for the purposes of modeling out of the box (e.g., Computing interactions of all features on a pairwise basis can be useful for selecting, or de-selecting, for further research. imputation of missing values).

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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way. Business intelligence can also be referred to as “descriptive analytics”, as it only shows past and current state: it doesn’t say what to do, but what is or was.

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What Is Embedded Analytics?

Jet Global

This is in contrast to traditional BI, which extracts insight from data outside of the app. As rich, data-driven user experiences are increasingly intertwined with our daily lives, end users are demanding new standards for how they interact with their business data. Let’s just give our customers access to the data.