article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics? Data analytics methods and techniques.

article thumbnail

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.

Analytics 101
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

FineReport

Data Analyst Job Description Data analysts play a crucial role in extracting actionable insights from diverse data sources, aiding businesses in cost reduction and revenue growth. These professionals collaborate with IT teams, management, or data scientists to align analytical efforts with organizational objectives across various industries.

article thumbnail

Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

Ever since the digitization of casinos, casino managers are being exposed to a great deal of data. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

article thumbnail

Alation Connected Sheets Brings Trust to Spreadsheets

Alation

Spreadsheets dominate the activities of gathering and preparing data, and performing descriptive analytics. The risk of using untrusted data in spreadsheets is significant when you consider how many serious decisions are based upon them. Or they don’t have the technical skill to extract, cleanse, or transform data they need.

article thumbnail

Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

Ever since the digitization of casinos, casino managers are being exposed to a great deal of data. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

article thumbnail

10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

Big Data Tools are essential in managing and processing large data sets. The Big Data ecosystem is rapidly evolving, offering various analytical approaches to support different functions within a business. Descriptive Analytics is used to determine “what happened and why.” Enables Predictive Analytics on data.