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Role of Workforce Analytics in Event Industry

BizAcuity

Human resource leaders are using workforce analytics under various forms such as predictive and prescriptive analytics. Workforce analytics is helping Human Resource leaders in determining the capabilities of the people or employees such as which tasks best suits them, how to ensure they remain satisfied with or in their roles.

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Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

Accompanying the massive growth in sensor data (from ubiquitous IoT devices, including location-based and time-based streaming data), there have emerged some special analytics products that are growing in significance, especially in the context of innovation and insights discovery from on-prem enterprise data sources.

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

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? Simplilearn adds a fourth technique : Diagnostic analytics: Why is it happening? Kaiser Permanente streamlines operations.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations. An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components.

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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

That way, any unexpected event will be immediately registered and the system will notify the user. 4) Predictive And Prescriptive Analytics Tools. Business analytics of tomorrow is focused on the future and tries to answer the questions: what will happen? Prescriptive analytics goes a step further into the future.

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The Role Of Technology In A Changing Financial Services Sector Part II

Cloudera

Evaluating anomalies and unpredicted events like pandemics and ESG concerns. One of the key takeaways from recent times that should be considered into the future, is that banks need to rethink how they look at tail risk or extreme events that rarely happen. . To capture the importance of sequencing of events. .

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Create an end-to-end data strategy for Customer 360 on AWS

AWS Big Data

The following figure shows some of the metrics derived from the study. Amazon Kinesis ingests streaming events in real time from point-of-sales systems, clickstream data from mobile apps and websites, and social media data. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics.