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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49 The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% Predictive models can help businesses attract, retain, and nurture their most valued customers.

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Otis takes the smart elevator to new heights

CIO Business Intelligence

To date, the company, which primarily manufactures elevators for corporate buildings but also has some residential units in its portfolio, also reports a reduction in technician site visits of between 10% and 15% and a drop in call backs of between 10% and 20%. Analytics, CIO 100, Internet of Things, Manufacturing Industry

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How IBM Planning Analytics can help fix your supply chain

IBM Big Data Hub

IBM Planning Analytics, or TM1 as it used to be known, has always been a powerful upgrade from spreadsheets for all kinds of planning and reporting use cases, including financial planning and analysis (FP&A), sales & operations planning (S&OP), and many aspects of supply chain planning (SCP). Then, everything comes together.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

Generally, the output of data analytics are reports and visualizations. Business analytics uses data analytics techniques, including data mining, statistical analysis, and predictive modeling, to drive better business decisions. Data analytics and data science are closely related. Data analytics vs. business analytics.

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Real estate CIOs drive deals with data

CIO Business Intelligence

The residential real estate industry may not be perceived to be as digitally aggressive as Wall Street titans and multinational manufacturing conglomerates. Re/Max’s Ligon acknowledges the real estate vertical is tough to track because it is fragmented, with each state reporting to its own Board of Realtors. billion in 2022.

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Why Analytics Are Essential in Times of Crisis

Sisense

SkullCandy , a leading manufacturer of headsets, wanted to predict return rates on new products to help focus resources and deliver better products. These insights drive production, but more importantly, they allow business leaders to make informed decisions that improve profit margins. Efficiently focus resources.

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IT leaders get creative to fill data science gaps

CIO Business Intelligence

The research report also noted that top enterprises, such as Deloitte, Amazon and Microsoft, are looking to fill a wide spectrum of technical jobs but data science far outweighs all other roles. And machine learning engineers are being hired to design and build automated predictive models. Oshkosh Corp.,