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Predictive analytics: opportunities and limits for the future of finance

Jedox

Predictive analytics is a discipline that’s been around in some form since the dawn of measurement. We’ve always been trying to predict the future; go back in history to look at prognosticators like Nostradamus and many other prophets. A Brief History of Predictive Analytics. What is Predictive Analytics?

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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. from 2022 to 2028.

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Predictive Analytics Business Use Cases Ensure Results!

Smarten

Apply Predictive Analytics to Specific Business Use Cases for Real Results! Gartner has predicted that, ‘Overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’ Plan and forecast accurately.’. Plan and forecast accurately.

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Benefits of Using Data Analytics in Equipment Financing

Smart Data Collective

Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment. The Growing Importance of Using Big Data to Finance New Equipment.

Finance 103
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How Can Finance Functions Become Analytics Leaders?

Jet Global

Analytics in the finance function has been top of mind for CFOs for many years. Yet despite the column inches devoted to the importance of analytics, and the wide choice of supporting tools and technologies, insight, the pinnacle of analytic effort, remains stubbornly elusive.

Finance 78
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Predictive Analytics Could Minimize Underpayment Penalties By The IRS

Smart Data Collective

Forecasting future tax expenses. The post Predictive Analytics Could Minimize Underpayment Penalties By The IRS appeared first on SmartData Collective. Today, data mining technology makes it incredibly easy to identify those often-overlooked credits and deductions.

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FP&A Trends for 2019: The Year of Digital Finance Transformation

Jedox

1: Predictive Analytics. The progression from descriptive to diagnostic to predictive analytics will continue to accelerate. This also has the additional benefit of moving the FP&A function further up both the analytical intelligence and value creation curves. 3: Dynamic Planning, Budgeting and Forecasting.

Finance 44