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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

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. Predictive Analytics enhances the Lending Process.

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

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.

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Highlights from the Strata Data Conference in San Francisco 2019

O'Reilly on Data

Elizabeth Svoboda explains how biosensors and predictive analytics are being applied by political campaigns and what they mean for the future of free and fair elections. Forecasting uncertainty at Airbnb. Watch " Forecasting uncertainty at Airbnb.". Watch " AI and cryptography: Challenges and opportunities.".

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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. Because the U.S.

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Real-time Data, Machine Learning, and Results: The Evidence Mounts

CIO Business Intelligence

As they put it, “Such co-inventions include machine learning applications and predictive analytics embedded across the organization in various business processes, which increase the value of work conducted by data users and decision-makers.”. We agree and can bring some additional perspective on the upside of that kind of approach.

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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. Data creates the context for decision-making.