Analytics Vidhya

AUGUST 23, 2023

Introduction Price optimization is a critical component of e-commerce that involves setting the right prices for products to achieve various business objectives, such as maximizing profits, increasing market share, and enhancing customer satisfaction.

Optimization 252

Optimization Business Objectives Marketing Analytics 252

FineReport

JUNE 11, 2021

However, if someone puts you on the spot, can you clearly tell the difference between business intelligence and analytics? This article will discuss the definition of business intelligence and analytics and the difference between them. Business Analytics. Sometimes, people use them interchangeably.

Business Intelligence 52

Business Intelligence Analytics Dashboards Statistics 52

Rocket-Powered Data Science

JULY 14, 2023

I recently saw an informal online survey that asked users what types of data (tabular; text; images; or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

Analytics 166

Analytics Internet of Things Data Science Prescriptive Analytics 166

Smart Data Collective

MAY 8, 2022

Brands are closely working to solve this as they dive deep into the world of big data analytics. Well, don’t go anywhere because, in this article, we will show you how you can use big data analytics combined with AI to achieve the best performance possible. What is the relationship between big data analytics and AI?

Big Data 110

Big Data Data Analytics Analytics Cost-Benefit 110

FineReport

MARCH 24, 2024

This article explores the data analyst job description, covering essential skills, tools, education, certifications, and experience. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making.

Statistics 52

Statistics Data mining Visualization Reporting 52

datapine

JANUARY 6, 2022

For a more in-depth review of scales of measurement, read our article on data analysis questions. More often than not, it involves the use of statistical modeling such as standard deviation, mean and median. Let’s quickly review the most common statistical terms: Mean: a mean represents a numerical average for a set of responses.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Peter James Thomas

AUGUST 2, 2019

Statistics. Self-service (BI or Analytics). Please post something in the comments section or contact us and we may even look to feature you in a future article. The Data & Analytics Dictionary will continue to be expanded in coming months. Another article from peterjamesthomas.com. Management Information (MI).

Analytics 69

Analytics Data Analytics Data Architecture Statistics 69

Smarten

JUNE 29, 2018

This article focuses on the Independent Samples T Test technique of Hypothesis testing. The independent sample t-test is a statistical method of hypothesis testing that determines whether there is a statistically significant difference between the means of two independent samples. About Smarten.

Testing 40

Testing Statistics IT Business Intelligence 40

Peter James Thomas

AUGUST 12, 2018

This article is about facts. These normally appear at the end of an article, but it seemed to make sense to start with them in this case: Recently I published Building Momentum – How to begin becoming a Data-driven Organisation. Facts are sometimes less solid than we would like to think; sometimes they are downright malleable.

Metrics 49

Metrics Statistics Data Quality Measurement 49

Smarten

JULY 10, 2018

This article summarizes our recent article series on the definition, meaning and use of the various algorithms and analytical methods and techniques used in predictive analytics for business users, and in augmented data preparation and augmented data discovery tools.

Analytics 40

Analytics Forecasting Statistics Sales 40

Smarten

JUNE 29, 2018

This article discusses the Paired Sample T Test method of hypothesis testing and analysis. At 95% confidence level (5% chance of error): As p-value = 0.041 which is less than 0.05, there is a statistically significant difference between means of pre and post sample values. What is the Paired Sample T Test? About Smarten.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 20, 2018

In this article, we will focus on the identification and exploration of data patterns and the trends that data reveals. The business can use this information for forecasting and planning, and to test theories and strategies. In this article, we have reviewed and explained the types of trend and pattern analysis. About Smarten.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

FineReport

APRIL 11, 2023

A BI dashboard is becoming an essential strategic mechanism for businesses. In this article, we will explore what BI Dashboard is, its key features, benefits and limitations, and best practices and examples. Note: The Business Intelligence Dashboard (BI Dashboard) examples shown in this article are developed by FineReport.

Dashboards 40

Dashboards Business Intelligence Metrics Cost-Benefit 40

Smarten

JUNE 26, 2018

This article describes chi square test of association and hypothesis testing. It is used to determine whether there is a statistically significant association between the two categorical variables. This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. What is the Karl Pearson Correlation Analytical Technique? Correlation is a statistical measure that indicates the extent to which two variables fluctuate together. About Smarten.

Enterprise 40

Enterprise Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

This article describes the Simple Linear Regression method of analysis. Simple Linear Regression is a statistical technique that attempts to explore the relationship between one independent variable (X) and one dependent variable (Y). What is Simple Linear Regression? About Smarten.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Peter James Thomas

AUGUST 18, 2018

No this article has not escaped from my Maths & Science section , it is actually about data matters. The image at the start of this article is of an Ichthyosaur (top) and Dolphin. Even back then, these were used for activities such as Analytics , Dashboards , Statistical Modelling , Data Mining and Advanced Visualisation.

Data Lake 63

Data Lake Data Warehouse Data mining Statistics 63

Peter James Thomas

AUGUST 22, 2018

The above image got me thinking that I had not penned a data visualisation article since the series starting with Hurricanes and Data Visualisation: Part I – Rainbow’s Gravity nearly a year ago. I can’t imagine any reader has managed to avoid seeing a Pie Chart before reading this article. Business logic [My adaptation].

Sales 73

Sales Statistics IT Publishing 73

Smarten

JUNE 29, 2018

This article describes the analytical technique of multiple linear regression. Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X, and Y). What is Multiple Linear Regression Analysis? About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’ About Smarten.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

Smarten

JUNE 29, 2018

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. Correlation is a statistical measure that indicates the extent to which two variables fluctuate together A positive correlation indicates the extent to which those variables increase or decrease in parallel. About Smarten.

Business Analysis 40

Business Analysis IT Measurement Statistics 40

Smarten

JUNE 26, 2018

This article provides a brief explanation of the ARIMA method of analytical forecasting. This analytical forecasting method is suitable for instances when data is stationary/non stationary and is univariate, with any type of data pattern, i.e., level/trend/seasonality/cyclicity. What is ARIMA Forecasting? About Smarten.

Forecasting 40

Forecasting Enterprise IT Sales 40

Smarten

JUNE 29, 2018

This article discusses the analytical technique known as Sampling and provides a brief explanation of two types of sampling analysis, and how each of these methods is applied. What is Sampling Analysis? A random sample from each of these subgroups is taken in proportion to the subgroup size relative to the population size.

Analytics 40

Analytics Statistics Business Intelligence Predictive Modeling 40

Smarten

JUNE 28, 2018

This article discusses the analytical method of Hierarchical Clustering and how it can be used within an organization for analytical purposes. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 27, 2018

This article presents a brief explanation of Outliers, and how this type of analysis is used. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 29, 2018

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 26, 2018

This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 26, 2018

This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions. What is the FP Growth Algorithm?

Business Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Smarten

JUNE 25, 2018

This article provides a brief explanation of the KMeans Clustering algorithm. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

In this article, we will discuss the KNN Classification method of analysis. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Enterprise 40

Enterprise Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 29, 2018

This article will focus on the Naïve Bayes Classification method of analysis. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist.

Enterprise 40

Enterprise IT Business Intelligence Forecasting 40

Cloudera

JULY 13, 2022

In this article we discuss the various methods to replicate HBase data and explore why Replication Manager is the best choice for the job with the help of a use case. Note that these statistics are not visible or available to a Replication Manager user.

Snapshot 89

Snapshot Management Cost-Benefit Metadata 89

Smarten

JUNE 27, 2018

In this article, we will discuss the Decision Tree analysis method. The Smarten approach to business intelligence and business analytics focuses on the business user and provides Advanced Data Discovery so users can perform early prototyping and test hypotheses without the skills of a data scientist. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

datapine

MAY 16, 2019

A sobering statistic if ever we saw one. Why Are Restaurant Analytics Important? Business analytics for restaurants is integral to understanding the inner workings of your business but and being aware of how you can improve it to foster a sustainable level of success that will set you apart from the competition.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

Smarten

JUNE 29, 2018

In this article, we discuss the analytical method known as frequent pattern mining, previously known as ‘association’ What is Frequent Pattern Mining? About Smarten.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Smarten

SEPTEMBER 15, 2017

Don’t become a failure statistic! Requirements Planning for Data Analytics. Many organizations are so anxious to get into analytics that they fail to consider the depth and breadth of their needs. What kind of statistical data, report capability and security will you need? How will you manage growth?

Analytics 40

Analytics Statistics Data Governance Cost-Benefit 40

Peter James Thomas

OCTOBER 1, 2019

Given this, I have used The Dictionary entries as a basis for this slightly expanded article on the subject of chart types. This article will cover some of the most frequently used Chart types, which appear in alphabetical order. The diagram above is a bipartite quasi-histogram [3] that I created to illustrate another article.

Sales 61

Sales Measurement Statistics Data Architecture 61