Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Rocket-Powered Data Science

MARCH 19, 2021

One of the primary drivers for the phenomenal growth in dynamic real-time data analytics today and in the coming decade is the Internet of Things (IoT) and its sibling the Industrial IoT (IIoT). This article quotes an older market projection (from 2019) , which estimated “the global industrial IoT market could reach $14.2

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? Predictive analytics: What is likely to happen in the future? Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes. Prescriptive analytics: What do we need to do?

Business Analytics 126

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 126

datapine

NOVEMBER 27, 2019

That way, any unexpected event will be immediately registered and the system will notify the user. Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. 4) Predictive And Prescriptive Analytics Tools.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

SEPTEMBER 19, 2023

Business users will also perform data analytics within business intelligence (BI) platforms for insight into current market conditions or probable decision-making outcomes. Many functions of data analytics—such as making predictions—are built on machine learning algorithms and models that are developed by data scientists.

Data Science 79

Data Science Data Analytics Prescriptive Analytics Analytics 79

IBM Big Data Hub

SEPTEMBER 30, 2022

These organizations will focus on how insights are framed, created, marketed, consumed and stored for reuse. That’s where business analytics comes in. What is IBM Business Analytics? This enables a single point of entry for planning, budgeting, forecasting, dashboarding and reporting. You don’t want to miss out!

Business Analytics 52

Business Analytics Analytics Prescriptive Analytics Forecasting 52

CIO Business Intelligence

NOVEMBER 14, 2022

Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help. These models are used to establish relationships between events and factors related to that event. Forecasting models. Analytics, Data Science ERP dashboards. Sensitivity analysis models.

Data mining 130

Data mining Data-driven Statistics OLAP 130