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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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What is the Future of Business Intelligence in the Coming Year?

Smart Data Collective

In the future of business intelligence, it will also be more common to break data-based forecasts into actionable steps to achieve the best strategy of business development. The strategic decision-making in the future of business intelligence will be shaped by faster reports, deeper data insights, broader areas of data collection.

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eCommerce Brands Use Data Analytics for Conversion Rate Optimization

Smart Data Collective

Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. Identifying Key Metrics for Conversion Rate Optimization Data collection and analysis are both essential processes for optimizing your conversion rate.

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3 powerful lessons of using data governance frameworks

CIO Business Intelligence

The first published data governance framework was the work of Gwen Thomas, who founded the Data Governance Institute (DGI) and put her opus online in 2003. They already had a technical plan in place, and I helped them find the right size and structure of an accompanying data governance program.

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Optimizing clinical trial site performance: A focus on three AI capabilities

IBM Big Data Hub

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. AI models can be designed to detect anomalies in real-time site performance data. This is in line with existing sector benchmarks.

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How Technology Will Change FP&A Forever

Jedox

Paresh Mistry has published a blog which provides a good framework as a starting point. Once cleansed, its possible to enrich the data. For example a customer name and ID is not as valuable as the customer’s postal code, income bracket or other spending habits which could be enriched from data collected from Google for example.

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Financial Reporting & Financial Analysis: Definitive Guide

FineReport

However, companies operation generates numerous and complicated data every day, beyond traditional manual reporting capacity. The listed companies always publish their annual reports. Data Collection and Report Drawing. The collection and collation of raw data is the basis of financial management.