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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. For example, a business DSS might help a company project its revenue over a set period by analyzing past product sales data and current variables.

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What is the Future of Business Intelligence in the Coming Year?

Smart Data Collective

Prescriptive Analytics. BI software will gauge internal data on performance, sales and marketing, social media and other sources to build actionable recommendations for your business. This shows why self-service BI is on the rise. Using the information in making business predictions is not a new trend. Identify Opportunities.

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Re-Visualizing Business Intelligence, now let’s chat!

Smarten

We know that by designing self-learning programs, we are in a position to provide prescriptive analytics. Some prescriptive analytics based on known parameters were always a part of ERP or BI offering. CEO will ask, “What caused the sales drop last month?” We respond using SMARTEN !

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Five Steps for Building a Successful BI Strategy

Sisense

With a goal of getting to the end of the chart with predictive and prescriptive analytics, you can ask questions like: Are we going to hit our targets by the end of the year? When working with customers we’ve found that a good place to start is with finance and sales data. Do you want to be more efficient?

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Monetizing Analytics Features: Why Data Visualizations Will Never Be Enough

Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics. Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

Consider all customer interactions and their data sources as potential sources for predicting future customer behavior. The biggest competitive gains in financial services companies are realized when the solution is deployed to every employee to whom the predictive analytics could be useful. Could it be an account balance change?

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Create an end-to-end data strategy for Customer 360 on AWS

AWS Big Data

Customer 360 (C360) provides a complete and unified view of a customer’s interactions and behavior across all touchpoints and channels. reduction in sales cycle duration, 22.8% Amazon Kinesis ingests streaming events in real time from point-of-sales systems, clickstream data from mobile apps and websites, and social media data.