article thumbnail

Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

article thumbnail

Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

An analytics alternative that goes beyond descriptive analytics is called “Predictive Analytics.”. Predictive Analytics: Predicting Future Outcomes. While descriptive analytics are focused on historical performance, predictive analytics are about predicting future outcomes.

article thumbnail

Machine Learning and AI Underpin Predictive Analytics to Achieve Clinical Breakthroughs

Cloudera

Together in tandem with MetiStream, a healthcare analytics software company, Cloudera addresses many of these challenges. We recently announced the availability of MetiStream Ember on top of Cloudera, which offers an end-to-end interactive analytics platform specifically for the healthcare and life sciences industries.

article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. Dashboards and other user interfaces that allow users to interact with and view results. Analytics, Data Science DSS user interface. Parmenides Edios.

article thumbnail

AIOps reimagines hybrid multicloud platform operations

IBM Big Data Hub

The AIOps engine is focused on addressing four key things: Descriptive analytics to show what happened in an environment. Predictive analytics to show what will happen next. Prescriptive analytics to show how to achieve or prevent the prediction. Diagnostics to show why it happened.

article thumbnail

The Power of Graph Databases, Linked Data, and Graph Algorithms

Rocket-Powered Data Science

Any interaction between the two ( e.g., a financial transaction in a financial database) would be flagged by the authorities, and the interactions would come under great scrutiny. Incorporating context into the graph (as nodes and as edges) can thus yield impressive predictive analytics and prescriptive analytics capabilities.

Metadata 250