CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? What are the benefits of business analytics? Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns. Predictive analytics: What is likely to happen in the future? This is the purview of BI.

Business Analytics 124

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 124

datapine

NOVEMBER 27, 2019

While we work on programs to avoid such inconvenience , AI and machine learning are revolutionizing the way we interact with our analytics and data management while increment in security measures must be taken into account. However, businesses today want to go further and predictive analytics is another trend to be closely monitored.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

JUNE 7, 2022

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

Data Analytics 128

Data Analytics Diagnostic Analytics Management Analytics 128

Rocket-Powered Data Science

MARCH 19, 2021

Focus on the strategies that aim these tools, talents, and technologies on reaching business mission and goals: e.g., data strategy, analytics strategy, observability strategy ( i.e., why and where are we deploying the data-streaming sensors, and what outcomes should they achieve?).

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

FineReport

APRIL 26, 2023

.” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

AWS Big Data

MARCH 26, 2024

You can use the same capabilities to serve financial reporting, measure operational performance, or even monetize data assets. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics. For this you need to implement prescriptive decision-making on how to address the customer’s sentiment.

Data Strategy 68

Data Strategy Strategy Data Warehouse Prescriptive Analytics 68

Domino Data Lab

JUNE 2, 2019

The most poignant for me was a simple approach for measuring noise within an organization. Measure how these decisions vary across your population. More near-term, Kahneman suggested the use of pre-mortems – also called backcasting, as a contrapositive of forecasting. Addressing cognitive bias with pre-mortems.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110