article thumbnail

Perform time series forecasting using Amazon Redshift ML and Amazon Forecast

AWS Big Data

Amazon Redshift is a fully managed, petabyte-scale data warehouse service in the cloud. Tens of thousands of customers use Amazon Redshift to process exabytes of data every day to power their analytics workloads. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.

article thumbnail

Differentiating Between Data Lakes and Data Warehouses

Smart Data Collective

The market for data warehouses is booming. One study forecasts that the market will be worth $23.8 While there is a lot of discussion about the merits of data warehouses, not enough discussion centers around data lakes. Both data warehouses and data lakes are used when storing big data.

Data Lake 106
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Swiss energy services company uses machine learning to see the future

CIO Business Intelligence

Already, SAP’s energy management data (EDM) solution was being used to store information gathered by the smart meters measuring the power production of each of the various solar PV systems. The problem was that the smart meters were only feeding their data once a day.

article thumbnail

Cloud Data Science 8

Data Science 101

This weeks news includes information about AWS working with Azure, time-series, detecting text in videos and more. Amazon Redshift now supports Authentication with Microsoft Azure AD Redshift, a data warehouse, from Amazon now integrates with Azure Active Directory for login.

article thumbnail

4 ways to ensure CEO support for your digital strategy

CIO Business Intelligence

The dialogue with the board and with human resources is fruitful, and the managers are receptive, which greatly facilitates the digital strategy.” “But we also have our own internal data that objectively measures needs and results, and helps us communicate with top management.” C-suite support for investments is essential.

Strategy 111
article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. Data-driven DSS. The size of the DSS database will vary based on need, from a small, standalone system to a large data warehouse.

article thumbnail

What Is Business Intelligence and How Does It Link to EPM?

Jedox

It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Information systems provide different tools to support decision makers of many levels within an organization.