IBM Big Data Hub

OCTOBER 5, 2022

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).

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

Juice Analytics

MARCH 11, 2021

Take the Academic Insights data product we designed and built for US News and World Report as an example of finding this intersection. (1) I spoke to a credit card executive recently who mentioned how his bank spent huge sums of money on benchmarking reports. Predictive models to take descriptive data and attempt to tell the future.

Predictive Modeling 128

Predictive Modeling Visualization Reporting Interactive 128

DataKitchen

JUNE 19, 2023

Our recent survey showed that 97% of data engineers report experiencing burnout in their day-to-day jobs. The above image shows an example custom ‘data in use’ test of a predictive model and API. Perhaps we could just chill out in those stressful situations and “let go,” as the Buddha suggests.

Testing 130

Testing Cost-Benefit Metrics Data Quality 130

FineReport

APRIL 21, 2024

For instance, consider a case where a sales team utilizes SaaS business intelligence software to analyze customer behavior and purchasing patterns in real-time. This enables them to tailor their sales strategies based on current market trends and customer preferences, ultimately leading to increased sales and customer satisfaction.

Business Intelligence 52

Business Intelligence Visualization Dashboards Data-driven 52

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. Comparing leading BI tools provides valuable insights into the diverse capabilities and features available for data analysis and reporting.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Smarten

DECEMBER 17, 2018

Tools like Assisted Predictive Modeling allow the average business user to become a Citizen Data Scientist with tools that offer guidance and auto-suggestions to help the user arrive at the outcome they need without being frustrated or having to call in an army of analysts and IT staff to help them complete their analysis.

Predictive Analytics 40

Predictive Analytics Predictive Modeling Analytics Statistics 40

Sisense

MARCH 24, 2020

Three clear opportunities are ripe to collect, analyze, and act on data: Maximize revenues: Identify drivers to increase sales by evaluating existing customers and processes. They had always offered discounts on different products to their customers but they never had a way to segment and attribute discounting down to sales impact.

Analytics 94

Analytics Sales Forecasting Business Intelligence 94

Jet Global

APRIL 27, 2020

These new retail competitors understand the value of harnessing consumer insights and data to drive retail sales forecasting. Ultimately, retail financial planning solutions need to support the CFO in maximizing resources, leveraging sales opportunities and responding to consumer needs.

Finance 52

Finance Forecasting Sales Reporting 52

IBM Big Data Hub

MAY 17, 2024

According to a recent report from the IBM Institute for Business Value , half of CEOs are integrating generative AI into products and services. A report from the IBM Institute of Business Value found that there’s enormous room for improvement in the customer experience.

B2B 65

B2B Interactive Optimization Forecasting 65

Smarten

JUNE 29, 2018

Business Problem: An eCommerce company wants to measure the impact of product price on product sales. The dependent variable is product sales data for last year. Business Benefit: The product sales manager can identify the amount and direction of product price impact on product sales. Use Case – 2.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Smarten

JUNE 29, 2018

Business Problem: An ecommerce company wants to measure the impact of product price, product promotions, and holiday seasonality on product sales. The dependent variable is product sales data. Business Benefit: A product sales manager can discover which predictors included in the analysis will have significant impact on product sales.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JANUARY 31, 2019

Put simply, business Intelligence uses historical data to reveal where the business has been, and managers can use this data to predict competitive response and discover what is changing in customer buying behavior and in sales.

Business Intelligence 40

Business Intelligence Analytics Predictive Modeling Forecasting 40

Smarten

JUNE 26, 2018

Business Problem: A pharmaceutical company wants to predict the sales of a drug for the next two months, based on drug sales data from the past 12 months. Business Benefit: The business can make use of these forecasts for better planning of drug production and accuracy of sales targets. About Smarten.

Forecasting 40

Forecasting Enterprise IT Sales 40

Sisense

MARCH 7, 2021

The result of the various inputs — self-reporting, app-based logs, static sensors, and other data sources — allows Measuremen to assess much more than unused desk spaces or underutilized meeting rooms. In the last two years, Measuremen has added location-based sensors, which record data on a more permanent and real-time basis.

Slice and Dice 98

Slice and Dice Data-driven Cost-Benefit Forecasting 98

Smarten

JUNE 29, 2018

For example, sale of ice cream and the sale of cold drinks are related to weather conditions. Like other forms of correlation analysis, the Karl Pearson method measure the strength of relationships between only two variables, without taking into consideration the fact that both these variables may be influenced by a third variable.

Enterprise 40

Enterprise IT Statistics Business Intelligence 40

Smarten

JUNE 25, 2018

Business Problem: Discount Analysis and Customer Retention will help the organization to target discounts to specific customers and the business will need to visualize ‘segments of sales group based on discount behavior’ and ‘customer churn to identify segments of customers on the verge of leaving’.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

Marketing – Have sales increased following a particular campaign? Business Problem: A grocery store sales manager wants to know whether daily sales have increased after an advertising campaign. Here the dependent variable would be ‘Daily sales’. How is the Paired Sample T Test Beneficial to Business Analysis?

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Birst BI

OCTOBER 30, 2018

The credit scores generated by the predictive model are then used to approve or deny credit cards or loans to customers. A well-designed credit scoring algorithm will properly predict both the low- and high-risk customers. Integrate the data sources of the various behavioral attributes into a functional data model.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Smarten

JUNE 29, 2018

Business Problem: A Grocery store sales manager wants to know whether customer segment A spends more on groceries than customer segment B. Based on this value, the grocery store manager can decide on its marketing strategies for better sales and increased revenue. Use Case – 2.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

ARIMAX provides forecasted values of the target variables for user-specified time periods to clearly illustrate results for planning, production, sales and other factors. About Smarten.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Alation

APRIL 25, 2023

Predictive models indicate that the machine learning market will grow at a compound annual growth rate (CAGR) of 38.8% Whether you deal in customer contact information, website traffic statistics, sales data, or some other type of valuable information, you’ll need to put a framework of policies in place to manage your data seamlessly.

Data Governance 52

Data Governance Marketing Machine Learning Sales 52

Alation

APRIL 25, 2023

Predictive models indicate that the machine learning market will grow at a compound annual growth rate (CAGR) of 38.8% Whether you deal in customer contact information, website traffic statistics, sales data, or some other type of valuable information, you’ll need to put a framework of policies in place to manage your data seamlessly.

Data Governance 40

Data Governance Marketing Machine Learning Sales 40

DataKitchen

SEPTEMBER 21, 2023

Bridging the Gap: How ‘Data in Place’ and ‘Data in Use’ Define Complete Data Observability In a world where 97% of data engineers report burnout and crisis mode seems to be the default setting for data teams, a Zen-like calm feels like an unattainable dream. What is Data in Use?

Testing 169

Testing Data Quality Predictive Modeling Metrics 169

Cloudera

DECEMBER 20, 2017

And, we often use some form of pattern detection in our daily lives to help us solve problems or predict our next-best course of action. Consider the store manager who observes sales trends to avoid having too little or too much product on the shelves. In journalism, reporters are wired to look for patterns.

Machine Learning 40

Machine Learning Reporting Modeling Statistics 40

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. Now, BA can help you understand why did sales spike specifically in New York.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Occam's Razor

AUGUST 9, 2021

You'll recognize now that that is true for almost everything you are reporting (if not everything). The problem is that the future is hard to predict. What’s the quote… No one went broke predicting the past. :). You can access the report easily in GA: Audience > Behavior > Conversion Probability. All metrics.

Metrics 142

Metrics Analytics Key Performance Indicator Predictive Modeling 142

CIO Business Intelligence

JULY 17, 2023

Dickson, who joined the Wisconsin-based company in 2020, has launched PowerInsights, a homegrown digital platform that employs IoT and AI to deliver a geospatial visualization of Generac’s installed base of generators, as well as insights into sales opportunities. By the end of 2022, the company’s reported revenue was $4.6 billion.

IoT 98

IoT Digital Transformation Manufacturing Sales 98

Juice Analytics

APRIL 21, 2021

There are many choices: Dashboards Reports Self-service BI tools Predictive models One-off analyses using slides Spreadsheet models It is a confusing array of ways to deliver data to these data consumers. In what form do you answer the growing array of questions and needs? What’s the right tool for the job?

Advertising 113

Advertising Data-driven Dashboards Predictive Modeling 113

Jet Global

JUNE 20, 2023

These stakeholders include developers, sales teams, marketing teams, executives, and other key players. Some of the reports a product manager is expected to produce—and deliver with short turnaround times—are accurate sales forecasts and predictive models outlining customer needs.

Management 52

Management Forecasting Risk Sales 52

DataRobot Blog

DECEMBER 15, 2022

While AI-powered forecasting can help retailers implement sales and demand forecasting—this process is very complex, and even highly data-driven companies face key challenges: Scale: Thousands of item combinations make it difficult to manually build predictive models. DataRobot Blueprint—from data to predictions.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

DataRobot Blog

DECEMBER 1, 2022

Companies offer incentives such as coupons to boost sales. You might then select a specific coupon for everyone in that segment to increase quarterly sales. For example, you could set up a data pipeline that delivers DataRobot predictions to HubSpot to automatically initiate offers within the business rules you set.

Machine Learning 52

Machine Learning Marketing Modeling Statistics 52

CIO Business Intelligence

AUGUST 15, 2023

Gary Desai (EVP and CIO) and Tom Williams (Chief Experience Officer), Discount Tire Gary Desai and Tom Williams / Discount Tire Pit Pass store customers can order tires online, schedule an installation appointment, and then complete the sale and installation process via a drive-through lane.

IT 98

IT Manufacturing IoT Cost-Benefit 98

Cloudera

SEPTEMBER 7, 2023

Enable reporting to internal teams about the statuses of AI projects. Glean insights into customer behavior and market trends that also correspond to overlooked sales opportunities. Facilitate communication between stakeholders. Simplify regulatory compliance.

Insurance 83

Insurance Risk Data-driven Finance 83

Smarten

JUNE 26, 2018

Business Benefit: The darker segments reveal the ideal methods of product bundling and placement to increase cross-sales. Based on the association rules generated, the store manager can strategically place the products together or in sequence leading to growth in sales and in turn revenue of the store.

Business Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Smarten

JULY 10, 2018

Use Case(s): Predicting Loan Default, Predicting Success of Medical Treatment and more. Use Case(s): Impact of Product Pricing, Promotion on Sales, Impact of rainfall, humidity on crop yield an more. Use Case(s): Measure the impact of product price on product sales, measure the impact of temperature on crop yield an more.

Analytics 40

Analytics Forecasting Statistics Sales 40

AWS Big Data

JANUARY 25, 2023

Data analysis activities – The SikSin Food Service team experienced difficulties in regards to report generation due to scattered data across multiple systems. An Amazon Personalize job predicts for each line of input data (restaurants and restaurant articles) and produces ML-generated recommendations in the designated S3 output folder.

Visualization 78

Visualization Interactive Modeling Machine Learning 78