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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Cognitive Analytics – this analytics mindset approach focuses on “surprise” discovery in data, using machine learning and AI to emulate and automate the cognitive abilities of humans. These may not be high-risk discoveries, but they could be high-reward discoveries. How does that resemble human cognitive abilities?

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Improve Underwriting Using Data and Analytics

Cloudera

In this post, I’ll explore opportunities to enhance risk assessment and underwriting, especially in personal lines and small and medium-sized enterprises. Utilizing a variety of data sources creates a more accurate picture of risks. Insurance carriers are always looking to improve operational efficiency. Step one: gather the data.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

Every day, these companies pose questions such as: Will this new client provide a good return on investment, relative to the potential risk? Is this existing client a termination risk? Today, the most common usage of business intelligence is for the production of descriptive analytics. .

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What Is The Difference Between Business Intelligence And Analytics?

datapine

Business intelligence and analytics are data management solutions implemented in companies and enterprises to collect historical and present data, while using statistics and software to analyze raw information, and deliver insights for making better future decisions. Let’s see a conceptual definition of the two.

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How Freudenberg Home and Cleaning Solutions Makes Better Decisions with Enterprise-Wide Planning

CIO Business Intelligence

Information was collected from multiple, disparate data sources, and planners were using different tools. Shifting descriptive analytics to predictive analytics is a huge undertaking for most companies in their digital transformation. The Challenge: Planning in Silos .

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Rapid technological advancements and extensive networking have propelled the evolution of data analytics, fundamentally reshaping decision-making practices across various sectors. In this landscape, data analysts assume a pivotal role, tasked with interpreting data to drive informed decision-making.

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Alation Connected Sheets Brings Trust to Spreadsheets

Alation

Everyone has a responsibility to make the best, most informed decisions, which requires access to data. Spreadsheets dominate the activities of gathering and preparing data, and performing descriptive analytics. Yet too often people without ‘data’ in their title – business users – are left out or left behind.