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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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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

Data exploded and became big. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts.

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

Smart Data Collective

The current BI trends show that in the future, the BI software will be more accessible, so that even non-techie workers will rely on data insights in their working routine. Prescriptive Analytics. Unique feature: custom visualizations to fit your business needs better. Advantage: unpaired control over data. .

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

The foundation of predictive analytics is based on probabilities. To generate accurate probabilities of future behavior, predictive analytics combine historical data from any number of applications with statistical algorithms. Create the reports & dashboards needed to visualize the predictions.

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What Is Embedded Analytics?

Jet Global

This is in contrast to traditional BI, which extracts insight from data outside of the app. We rely on increasingly mobile technology to comb through massive amounts of data and solve high-value problems. Bottom line is that analytics has migrated from a trendy feature to a got-to-have. Their dashboards were visually stunning.