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An Introduction To Data Dashboards: Meaning, Definition & Industry Examples

datapine

“It is a capital mistake to theorize before one has data.”– Data is all around us. Data has changed our lives in many ways, helping to improve the processes, initiatives, and innovations of organizations across sectors through the power of insight. Let’s kick things off by asking the question: what is a data dashboard?

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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

A retail company experiences a sudden surge in online sales due to a viral social media campaign. By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue.

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Discover The Power Of Modern Performance Reports – See Examples & Best Practices 

datapine

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. In the past, these reports were used after a month or even a year since the data being displayed was generated.

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Get Started With Business Performance Dashboards – Examples & Templates

datapine

Studies suggest that businesses that adopt a data-driven marketing strategy are likely to gain an edge over the competition and in turn, increase profitability. In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Still unsure?

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AI+BI: Augmented analytics will soon bring data-driven insight to the masses

Birst BI

If you’re a business intelligence (BI) and analytics application user, it’s likely that “data-driven insight to the masses” will soon be top-of-mind. Machine learning will transform BI and analytics. Some data discovery vendors tout that they already deliver “self-service to the masses,” but that’s a dubious claim.

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Conversational AI use cases for enterprises

IBM Big Data Hub

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.

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Introduction To The Basic Business Intelligence Concepts

datapine

“Without big data, you are blind and deaf and in the middle of a freeway.” – Geoffrey Moore, management consultant, and author. In a world dominated by data, it’s more important than ever for businesses to understand how to extract every drop of value from the raft of digital insights available at their fingertips.