CIO Business Intelligence

MAY 14, 2024

IDC forecasts that global spending on private, dedicated cloud services — which includes hosted private cloud and dedicated cloud infrastructure as a service — will hit $20.4 Such private cloud solutions eliminate the risks of multitenancy data leakage, for example, a key CIO concern with AI. We have no choice. Semple says.

IT 143

IT Data Processing Enterprise Modeling 143

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. Proactive Risk Management : BI tools enable organizations to proactively identify potential risks through predictive modeling and trend analysis.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

IBM Big Data Hub

MAY 17, 2024

AI models analyze vast amounts of data quickly and accurately. They can provide valuable insights and forecasts to inform organizational decision-making in omnichannel commerce, enabling businesses to make more informed and data-driven decisions. Generative AI’s impact on the social media landscape garners occasional bad press.

B2B 67

B2B Interactive Optimization Forecasting 67

IBM Big Data Hub

OCTOBER 5, 2022

Having the ability to build and use models in this way is fundamental to managing supply chain and financial risk through activities like “what-if scenario planning”, as explained in this blog post. Time matters too: your models must be quick to run, so analysis can be done before the assumptions are out-of-date.

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

Smarten

JUNE 8, 2022

If a business wishes to optimize inventory, production and supply, it must have a comprehensive demand planning process; one that can forecast for customer segment growth, seasonality, planned product discounting or sales, bundling of products, etc. Anticipating Machine Maintenance Needs.

Predictive Analytics 52

Predictive Analytics Predictive Modeling Forecasting Optimization 52

DataRobot Blog

AUGUST 10, 2022

NHS organisations are used to using workforce KPIs to manage staffing levels, but the real opportunity is being able to identify staff that are at risk of leaving post and to implement strategies to retain their much needed talent. Resetting urgent care performance and delivery. Improving patient outcomes through a data-first approach.

Forecasting 52

Forecasting Experimentation Data-driven Risk 52

Smarten

APRIL 17, 2018

How Can Assistive Predictive Modeling Help My Business Users? If you are wondering how and why predictive analytics software has expanded into the self-serve business user market, the reason is simple. Assisted Predictive Modeling can help your business achieve its goals.

Predictive Analytics 40

Predictive Analytics Predictive Modeling Analytics Forecasting 40

Smarten

MAY 17, 2019

If you can easily integrate data from sources outside the business, you can provide a more comprehensive picture for predicting and forecasting results and anticipating the needs of the market. Learn More: Predictive Analytics Using External Data. View the Predictive Analytics Using External Data Use Case Slide Share.

Predictive Analytics 58

Predictive Analytics Analytics Predictive Modeling Risk Management 58

DataRobot

JUNE 4, 2021

When integrated with your primary dataset, often the new features from these third-party data sources can significantly improve the predictive signal and overall accuracy of the machine learning model in development. Forecasting In-Store Foot Traffic. Here, we have a model that predicts foot traffic for a chain of coffee shops.

Forecasting 52

Forecasting Machine Learning Predictive Modeling Modeling 52

CIO Business Intelligence

JUNE 7, 2022

Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes. It is frequently used for risk analysis. It is frequently used for economic and sales forecasting.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smarten

JANUARY 31, 2019

Put simply, business Intelligence uses historical data to reveal where the business has been, and managers can use this data to predict competitive response and discover what is changing in customer buying behavior and in sales. How is Advanced Analytics Different from Business Intelligence?

Business Intelligence 40

Business Intelligence Analytics Predictive Modeling Forecasting 40

Smarten

JULY 30, 2018

How Can Predictive Analysis Tools Help My Hospital or Healthcare Organization? Hospitals and healthcare systems are turning to predictive analytics tools to plan and forecast and understand what, when and how to support patients.

Predictive Analytics 40

Predictive Analytics Analytics Predictive Modeling Forecasting 40

Smarten

MAY 13, 2019

Self-serve, assisted predictive modeling and predictive analytics can help you to identify the customers who are most likely to leave and allow you to develop processes and strategies, as well as new marketing, new products and services, and other strategies that will improve customer retention and reduce customer churn.

Predictive Analytics 51

Predictive Analytics Analytics Predictive Modeling Advertising 51

IBM Big Data Hub

FEBRUARY 14, 2024

Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies. See what’s ahead AI can assist with forecasting. For example, a supply-chain function can use algorithms to predict future needs and the time products need to be shipped for timely arrival.

Cost-Benefit 85

Cost-Benefit Insurance Unstructured Data Machine Learning 85

IBM Big Data Hub

MAY 6, 2024

Enter the age of data-driven protocol assessment: using benchmarking tools and predictive modeling to gauge protocol intricacies and forecast eligible patient numbers, which then inform protocol adjustments. Ensuring early assumptions resonate with real-world execution is paramount.

Advertising 69

Advertising Data-driven Optimization Strategy 69

Smarten

AUGUST 21, 2019

Assisted Predictive Modeling – These tools enable the average business user to leverage sophisticated predictive algorithms without requiring statistical or data science skills. Users can highlight trends and patterns, test hypotheses and theories to reduce business risk, and easily predict and forecast results.

Analytics 51

Analytics Predictive Modeling Visualization Statistics 51

Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. 2 Through artificial intelligence-based prediction, there can be improvement in decision making regarding droughts and better methods and timing employed to ensure optimal water resource allocation and disseminating information ahead of drought events. Wildlife Conservation.

Machine Learning 120

Machine Learning Cost-Benefit Optimization Forecasting 120

Smarten

APRIL 2, 2019

Business markets and competition are moving much more quickly these days and predicting, planning and forecasting is more important than ever.

Analytics 40

Analytics Predictive Modeling Visualization Cost-Benefit 40

FineReport

APRIL 9, 2024

The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance. The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

IBM Big Data Hub

OCTOBER 16, 2023

ML also helps businesses forecast and decrease customer churn (the rate at which a company loses customers), a widespread use of big data. Banks and other financial institutions train ML models to recognize suspicious online transactions and other atypical transactions that require further investigation.

Machine Learning 49

Machine Learning Marketing Forecasting Modeling 49

IBM Big Data Hub

JULY 6, 2023

Some examples of data science use cases include: An international bank uses ML-powered credit risk models to deliver faster loans over a mobile app. An AI-based medical assessment platform analyzes medical records to determine a patient’s risk of stroke and predict treatment plan success rates.

Machine Learning 56

Machine Learning Data Science Statistics Deep Learning 56

Smarten

NOVEMBER 19, 2018

Today’s self-serve predictive analytics and forecasting tools are designed to support business users and data analysts alike. What is Predictive Analytics? Predictive analytics is the process of forecasting or predicting business results for planning purposes.

Business Objectives 40

Business Objectives Predictive Analytics Analytics Forecasting 40

Smarten

JUNE 27, 2018

SVM Classification Analysis can be used for many analytical tasks: Credit/Loan Approval Analysis – Given a list of client transactional attributes, a business can predict whether a client will default on a loan. Medical Diagnosis – Given a list of symptoms, a doctor can predict if a patient has a particular disease.

Business Analytics 40

Business Analytics Analytics IT Business Intelligence 40

Smarten

JUNE 29, 2018

Based on these labels, the bank can easily make a decision on whether to give a loan to an applicant and the credit limit and interest rate for each applicant, based on the amount of risk. Use Case – 2. About Smarten.

Enterprise 40

Enterprise Business Intelligence Predictive Modeling Statistics 40

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Smarten

MAY 15, 2019

The enterprise does not want to risk its reputation with unanticipated downtime or the loss of revenue for its customers. Your business can leverage Predictive Analytics to plan for and anticipate maintenance, investment, changes in resources and training requirements and supply chain management for parts, shipping, etc.

Predictive Analytics 10

Predictive Analytics Management Analytics Cost-Benefit 10

Jet Global

JUNE 20, 2023

But are the risks worth the potential payoff? Some of the reports a product manager is expected to produce—and deliver with short turnaround times—are accurate sales forecasts and predictive models outlining customer needs. So, how do they produce all these forecasts quickly, with accuracy?

Management 52

Management Forecasting Risk Sales 52

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. A single prediction of ROI output from a single model would not be very trustworthy.

Risk 67

Risk ROI Modeling Metrics 67

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. Increasing dynamics demand adjustments to the corporate management process – as well as strategic planning and forecasting – to meet growing requirements.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. Increasing dynamics demand adjustments to the corporate management process – as well as strategic planning and forecasting – to meet growing requirements.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

Cloudera

SEPTEMBER 7, 2023

But it’s also fraught with risk. This June, for example, the European Union (EU) passed the world’s first regulatory framework for AI, the AI Act , which categorizes AI applications into “banned practices,” “high-risk systems,” and “other AI systems,” with stringent assessment requirements for “high-risk” AI systems.

Insurance 78

Insurance Risk Data-driven Finance 78

DataRobot

NOVEMBER 15, 2021

Banking organizations can reduce overhead and scale machine learning services as required to deliver on critical use cases like model risk and validation, anti-money laundering, fraud detection, and credit and repayment risk. DataRobot & Palantir Foundry Demand Forecasting Solution. Find out more. Learn more.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. Finances: can Iower financial risk? Usage in a business context.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

IBM Big Data Hub

DECEMBER 20, 2023

For instance, if data scientists were building a model for tornado forecasting, the input variables might include date, location, temperature, wind flow patterns and more, and the output would be the actual tornado activity recorded for those days.

Machine Learning 77

Machine Learning Modeling Deep Learning Predictive Modeling 77

IBM Big Data Hub

JULY 5, 2023

Reduced risk of security breaches: Through real-time asset tracking and improved asset security capabilities, market-leading ALM systems can now help businesses track and monitor their assets in a way that helps prevent theft and data breaches.

Strategy 55

Strategy Management IoT Cost-Benefit 55

Smarten

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. ARIMAX Forecasting: What is ARIMAX Forecasting and How is it Used for Enterprise Analysis? Use Case(s): Predict success of treatment success based on attributes of a patient, improve weather forecasting results and more.

Analytics 40

Analytics Forecasting Statistics Sales 40

FineReport

APRIL 24, 2024

By presenting comprehensive insights through visualizations, decision-makers can assess trends, risks, and opportunities with greater clarity. This foresight empowers organizations to proactively prepare for upcoming shifts or developments based on credible analytical forecasts.

Visualization 52

Visualization Dashboards Interactive Key Performance Indicator 52