Remove Modeling Remove Statistics Remove Uncertainty Remove Visualization
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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. According to Gartner, the goal is to design, model, align, execute, monitor, and tune decision models and processes.

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Huabao sniffs out the ultimate efficiency formula

CIO Business Intelligence

Without visualized analytics, it was difficult to bridge the void between expectation and accurate analysis. The collaboration between Huabao and SAP continued as plans for a new foundation to support corporate development and business model transformation gathered speed.

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Turn Up the Signal; Turn Off the Noise

Perceptual Edge

This certainly applies to data visualization, which unfortunately lends itself to a great deal of noise if we’re not careful and skilled. Every choice that we make when creating a data visualization seeks to optimize the signal-to-noise ratio. No accurate item of data, in and of itself, always qualifies either as a signal or noise.

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COVID-19 Data Spreads like a Virus

Juice Analytics

As I was listening to a Data Visualization Society round table discussion about the responsible use of COVID-19 data (properly distanced and webinar-ed, of course), a few thoughts seemed most relevant. Forecasts are built by experts, using lots of assumptions, based on very complex and specifically applied statistical models.

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Belcorp reimagines R&D with AI

CIO Business Intelligence

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As Belcorp operates under a direct sales model in 14 countries. Its brands include ésika, L’Bel, and Cyzone, and its products range from skincare and makeup to fragrances.

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Quantitative and Qualitative Data: A Vital Combination

Sisense

Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. All descriptive statistics can be calculated using quantitative data. Digging into quantitative data. This is quantitative data.

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Getting ready for artificial general intelligence with examples

IBM Big Data Hub

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language.