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Moreover, as most predictive analytics capabilities available today are in their infancy — they have simply not been used for long enough by enough companies on enough sources of data – so the material to build predictivemodels on was quite scarce. BN by the end of 2024, according to MarketWatch.
In 2024, business intelligence (BI) software has undergone significant advancements, revolutionizing data management and decision-making processes. Additionally, they visually represent extensive datasets to reveal trends and patterns, ultimately delivering insights through reports or dashboards to key stakeholders.
Through interactive dashboards and visual representations, analysts can explore various dimensions of the dataset, drilling down into specific subsets or categories for detailed analysis. Well-designed charts, infographics, and interactive dashboards create an immersive experience that draws viewers into the world of data analysis.
Tech research and analysis firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives,’ and that prediction applies to all types of industries and vertical business sectors, including finance and accounting.
Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus. Predictivemodeling can help companies optimize energy consumption, while AI-driven insights can identify supply chain inefficiencies that lead to excessive waste.
The world-renowned technology research firm, Gartner, predicts that, ‘through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives’. Combine Traditional BI with Modern BI and Analytics to Improve User Adoption and Gain Advantage !
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