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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. It is frequently used for risk analysis.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

To generate accurate probabilities of future behavior, predictive analytics combine historical data from any number of applications with statistical algorithms. Automate the data processing sequence. Having the most recent data from all sources ensures the predictive model will generate the most accurate predictions.