Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116

CIO Business Intelligence

OCTOBER 4, 2022

These kinds of capabilities enable companies like Uniphore to build a platform that applies AI to sales and customer interactions to analyze sentiment in real-time and boost sales and customer satisfaction. He specializes in removing fear, uncertainty, and doubt from strategic decision-making through empirical data and market sensing.

Machine Learning 93

Machine Learning Data Architecture Uncertainty Data-driven 93

CIO Business Intelligence

SEPTEMBER 2, 2022

We have models on safety and HR, but our larger concentrations have been more in supply chain and the sales area. How do you deal with uncertainties and where do you see technologies like AI or ML helping out in this respect? Khare: I look at uncertainty at two tiers.

Uncertainty 82

Uncertainty Manufacturing Data-driven Business Intelligence 82

CIO Business Intelligence

SEPTEMBER 2, 2022

We have models on safety and HR, but our larger concentrations have been more in supply chain and the sales area. How do you deal with uncertainties and where do you see technologies like AI or ML helping out in this respect? Khare: I look at uncertainty at two tiers.

Uncertainty 82

Uncertainty Manufacturing Data-driven Business Intelligence 82

Smart Data Collective

SEPTEMBER 7, 2021

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. Amazon recommendation engine powered by data analytics generates 35% of all its sales.

Big Data 125

Big Data Technology Cost-Benefit Predictive Analytics 125

CIO Business Intelligence

MARCH 14, 2022

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. Data creates the context for decision-making.

Uncertainty 80

Uncertainty Measurement Cost-Benefit Optimization 80

CIO Business Intelligence

NOVEMBER 14, 2022

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. For example, they could be used to analyze sales in relation to location or weather. Sensitivity analysis models.

Data mining 123

Data mining Data-driven Statistics OLAP 123