CIO Business Intelligence
JULY 5, 2022
Research firm Gartner defines business analytics as “solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”. Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes.
IBM Big Data Hub
SEPTEMBER 19, 2023
Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machine learning models and develop artificial intelligence (AI) applications.
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CIO Business Intelligence
JUNE 7, 2022
The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.
CIO Business Intelligence
NOVEMBER 14, 2022
The concept of DSS grew out of research conducted at the Carnegie Institute of Technology in the 1950s and 1960s, but really took root in the enterprise in the 1980s in the form of executive information systems (EIS), group decision support systems (GDSS), and organizational decision support systems (ODSS). Parmenides Edios. TIBCO Spotfire.
IBM Big Data Hub
JANUARY 25, 2024
Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms? Can you conduct what-if scenarios to visualize your options? It can be if you rely on a spreadsheet, physical asset counts or solely on condition monitoring.
FineReport
JULY 28, 2021
Business Intelligence describes the process of using modern data warehouse technology, data analysis and processing technology, data mining, and data display technology for visualizing, analyzing data, and delivering insightful information. It helps executives, managers, and employees make informed business decisions. .
Smarten
MAY 31, 2022
The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ The business can leverage use cases across the enterprise to address all kinds of issues, including: Customer Churn.
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