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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

There are other dimensions of analytics that tend to focus on hindsight for business reporting and causal analysis – these are descriptive and diagnostic analytics, respectively, which are primarily reactive applications, mostly explanatory and investigatory, not necessarily actionable. This is predictive power discovery.

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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. BI software uses algorithms to extract actionable insights from a company’s data and guide its strategic decisions.

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Disrupt and Innovate in a Data-Driven World

Cloudera

If you do an internet search for ‘data-driven disruption’ you can find articles about almost every industry being disrupted by digitalisation and new applications of data. While there are instances of data-driven efforts in the nonprofit sector, they are not as widespread as they can be.

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5 Sources of Data for Customer Analytics and Their Benefits

Smart Data Collective

There is no disputing that data analytics is a huge gamechanger for companies all over the world. Global businesses are projected to spend over $684 billion on big data by 2030. There are many ways that companies are using big data to boost their profitability. One of the most important is in the field of marketing.

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Data Visualization and Visual Analytics: Seeing the World of Data

Sisense

Everyone wants to get more out of their data, but how exactly to do that can leave you scratching your head. Our BI Best Practices demystify the analytics world and empower you with actionable how-to guidance. Data visualization: painting a picture of your data. Thomas, and Kristin A.

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Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

You must be tired of continuously hearing quotes like, ‘data is the new oil’ and what not. Combined, it has come to a point where data analytics is your safety net first, and business driver second. These industries accumulate ridiculous amounts of data on a daily basis. AI Adoption and Data Strategy. Source: TCS).

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Decide to Decide Digitally: New Forrester Research

Decision Management Solutions

DDPs accomplish this by providing a suite of capabilities that enable business subject-matter experts to define decision logic, incorporate data-driven decision intelligence technologies such as machine learning (ML), govern change, and deploy digital decisions within business applications. Write different rules for each category.