FineReport

APRIL 26, 2023

Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. E-commerce giants like Alibaba and Amazon extensively use big data to understand the market. The Big Data ecosystem is rapidly evolving, offering various analytical approaches to support different functions within a business.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

datapine

MARCH 25, 2022

While BI tells you what has happened in the past and what is happening now (descriptive analytics), BA tells you what will happen in the future (predictive analytics). Descriptive analytics : As its name suggests, this analysis method is used to describe and summarize the main characteristics found on a dataset.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

BizAcuity

MARCH 31, 2022

By 2025, AI will be the top category driving infrastructure decisions, due to the maturation of the AI market, resulting in a tenfold growth in compute requirements. 85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: AI in Marketing. Source: PwC).

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

CIO Business Intelligence

OCTOBER 10, 2022

Freudenberg Home and Cleaning Solutions (FHCS), the winner of the 50th Anniversary Legend award of this year’s SAP Innovation Awards 2022 , has been providing market-leading cleaning solutions that keep millions of homes worldwide hygienic and safe since 1849. . The Challenge: Planning in Silos .

Enterprise 52

Enterprise Forecasting Descriptive Analytics Digital Transformation 52

Sisense

JUNE 30, 2020

Analytics acts as the source for data visualization and contributes to the health of any organization by identifying underlying models and patterns and predicting needs. Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. A simple example would be the analysis of marketing campaigns.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

Decision Management Solutions

AUGUST 18, 2020

We often walk clients up a simple analytic sophistication curve: Model an operational decision and automate it using business rules based on policies, regulations and best practices. Apply simple descriptive analytics to identify means, standard deviations and trends that you can encode in your rules.

Machine Learning 88

Machine Learning Data-driven Descriptive Analytics Predictive Analytics 88

Domino Data Lab

JANUARY 21, 2021

There is a risk of injecting bias. It’s worth noting that there is a landscape of proprietary tools dedicated to producing descriptive analytics in the name of business intelligence. As a result, exploratory analysis is inherently iterative, and difficult to scope. ref: [link]. Data visualization blog posts are a dime a dozen.

Statistics 106

Statistics Unstructured Data Data Science Predictive Modeling 106

Rocket-Powered Data Science

OCTOBER 6, 2023

Note how this simple mathematical expression of prescriptive analytics is exactly the opposite of our previous expression of predictive analytics (given X, find Y). 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?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Jet Global

MAY 1, 2023

Section 2: Embedded Analytics: No Longer a Want but a Need Section 3: How to be Successful with Embedded Analytics Section 4: Embedded Analytics: Build versus Buy Section 5: Evaluating an Embedded Analytics Solution Section 6: Go-to-Market Best Practices Section 7: The Future of Embedded Analytics Section 1: What are Embedded Analytics?

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52