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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

It can be used to reveal structures in datainsurance firms might use cluster analysis to investigate why certain locations are associated with particular insurance claims, for instance. Data analytics and data science are closely related. Generally, the output of data analytics are reports and visualizations.

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The Impact of Healthcare BI Tools on Decision-Making and Patient Care

FineReport

In addition to security concerns, achieving seamless healthcare data integration and interoperability presents its own set of challenges. The fragmented nature of healthcare systems often results in disparate data sources that hinder efficient decision-making processes.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

The output of these algorithms, when used in financial services, can be anything from a customer behavior score to a prediction of future trading trends, to flagging a fraudulent insurance claim. The credit scores generated by the predictive model are then used to approve or deny credit cards or loans to customers.