article thumbnail

Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

AI Adoption and Data Strategy. Lack of a solid data strategy. In order to adopt AI solutions for your business, the best way forward is to first ensure that you have a strong data strategy in place. Data strategy allows you to build a roadmap to adopt AI. Worth a read if you are brainstorming on AI strategy.

article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Here are a few business examples of this type of prescriptive analytics: Which marketing campaign is most efficient and effective (has best ROI) in optimizing sales? Which pricing strategies lead to the best business revenue? Now that we have described predictive and prescriptive analytics in detail, what is there left?

article thumbnail

The Data Behind Tokyo 2020: The Evolution of the Olympic Games

Sisense

Descriptive analytics also help them understand the number of athletes and workers required to support that specific competition or sport. Chris and his team are increasing the volume of data being captured and using automation to augment their data strategy : “This is a real jump forward for us.