BizAcuity

AUGUST 26, 2019

Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

Prescriptive Analytics 40

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 40

Cloudera

MARCH 2, 2018

The private sector already very successfully uses data analytics and machine learning not only to realise efficiency gains but also – even more importantly – to create completely new services and business models. Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques.

Data-driven 42

Data-driven Prescriptive Analytics Descriptive Analytics Machine Learning 42

datapine

MARCH 25, 2022

On the other hand, BA is concerned with more advanced applications such as predictive analytics and statistic modeling. By using Business Intelligence and Analytics (ABI) tools, companies can extract the full potential out of their analytical efforts and make improved decisions based on facts.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

BizAcuity

MARCH 31, 2022

Gaming companies use AI for segmenting players and predicting churn rates in order to retain them through effective campaigns. Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

CIO Business Intelligence

OCTOBER 10, 2022

The company also wanted to improve forecasting accuracy by harnessing the power of intelligent technologies. FHCS integrated its landscape built on SAP ERP and SAP Business Warehouse with specialized forecasting in SAP Integrated Business Planning (IBP). This hampered the company from having an enterprise-wide view.

Enterprise 52

Enterprise Forecasting Descriptive Analytics Digital Transformation 52

Smart Data Collective

MARCH 11, 2022

Data analytics can assist you in figuring out why people abandon your brand or prefer alternative products instead. Predictive analytics, which analyses historical activities to uncover trends and forecast a specific event, can also predict if a customer is ready to churn or defect. Customer Experience Analytics.

Customer Analytics 115

Customer Analytics Analytics Key Performance Indicator Big Data 115

Domino Data Lab

JUNE 2, 2019

More near-term, Kahneman suggested the use of pre-mortems – also called backcasting, as a contrapositive of forecasting. Addressing cognitive bias with pre-mortems. That may take a while. That practice formalizes means for collecting evidence prior to introducing the cognitive bias that is inherent in meetings.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. This is predictive power discovery. Or more simply: given Y, find X. Pay attention!

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. Diagnostic Analytics: No longer just describing. Predictive Analytics: If x, then y (e.g.,

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52