IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Healthcare systems can also forecast which regions will experience a rise in flu cases or other infections.

Data Science 80

Data Science Data Analytics Prescriptive Analytics Analytics 80

FineReport

APRIL 26, 2023

This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. The term “Big” does not only refer to its size, but also to its capacity to acquire, organize, and process information beyond the capabilities of traditional databases.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

IBM Big Data Hub

JULY 6, 2023

One ride-hailing transportation company uses big data analytics to predict supply and demand, so they can have drivers at the most popular locations in real time. The company also uses data science in forecasting, global intelligence, mapping, pricing and other business decisions.

Machine Learning 56

Machine Learning Data Science Statistics Deep Learning 56

BizAcuity

MARCH 31, 2022

Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management. Artificial Intelligence Analytics. Prescriptive Analytics: Prescriptive analytics is the most complex form of analytics.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

AWS Big Data

MARCH 26, 2024

It is prudent to consolidate this data into a single customer view, serving as a primary reference for downstream applications, ranging from ecommerce platforms to CRM systems. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics.

Data Strategy 71

Data Strategy Strategy Data Warehouse Prescriptive Analytics 71

Domino Data Lab

JUNE 2, 2019

And by “scale” I’m referring to what is arguably the largest, most successful data analytics operation in the cloud of any public firm that isn’t a cloud provider. 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

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