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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

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Enhance your Lending with Predictive Analytics

BizAcuity

The consumer lending business is centered on the notion of managing the risk of borrower default. Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Predictive Analytics enhances the Lending Process.

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How to Move from Real-Time Data to Real-Time Decisions

CIO Business Intelligence

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. But if precision matters, you’ll need more context.

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Big Data: The Technology Behind Retailers Success

Smart Data Collective

Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Such predictive analytics can help to define what products will spike the biggest interest of the audience. Big data is a not new concept, and it has been around for a while. Setting the optimal prices. Source: ELEKS.

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Predictive Analytics Improves Trading Decisions as Euro Rebounds

Smart Data Collective

Predictive analytics technology has become essential for traders looking to find the best investing opportunities. Predictive analytics tools can be particularly valuable during periods of economic uncertainty. Predictive Analytics Helps Traders Deal with Market Uncertainty.

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The New Normal for FP&A: Scenario Planning

Jedox

We are currently operating in an environment with a very high (if not the highest ever) level of VUCA, (Volatility, Uncertainty, Complexity, Ambiguity). The way you mitigate uncertainty is with planning, planning, and more planning. To quote General/President Dwight D.

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How is the ‘Mesh’ Resolving Bottlenecks of Data Management

Smart Data Collective

In the early days, organizations used a central data warehouse to drive their data analytics. Even today, there are a large number of them using data lakes to drive predictive analytics. In a centralized ecosystem, everyone is dependent upon everyone else thereby creating uncertainties and interrupted flow of accurate data.