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LCNC in BI and Predictive Analytics

Smarten

The Use and Benefits of Low-Code No-Code Development in Business Intelligence (BI) and Predictive Analytics Solutions Introduction In this article, we will discuss Low-Code and No-Code Development (LCNC) and the use of the Low Code and No Code approach for business intelligence (BI) tools and predictive analytics solutions.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

For both reasons, the role of CIOs has to embrace automation and analytical thinking in strategizing the organization’s initiatives. And since no one except CIOs has the technical nerve of a business; they are seizing the opportunity to increase value to the organization while positioning themselves as thought leaders. . bn by 2025. .

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What is Spearman’s Rank Correlation and How is it Useful for Business Analysis?

Smarten

This article describes the Spearman’s Rank Correlation and how it is used for enterprise analysis. How is Spearman’s Rank Correlation Useful for Business Analysis? Business Problem: An educational organization wants to assess students’ rating, based on two different sources of observation. Use Case – 1.

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Smarten

What is Multiple Linear Regression Analysis? To better understand multiple linear regression, let’s look at one such analysis of independent variables: Temperature and Humidity, and a target variable (yield). How Can Multiple Linear Regression Be Helpful for Business Analysis? Use Case – 1.

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What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Basket Data Analysis – To analyze the association of purchased items in a single basket or single purchase. So, Support (x -> y)= no.

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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

How is the Paired Sample T Test Beneficial to Business Analysis? This type of analysis can be useful in numerous situations. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Therefore, the treatment was not effective. Use Case – 1.

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What is Outlier Analysis and How Can It Improve Analysis?

Smarten

How Can Outlier Detection Improve Business Analysis? That focus will help the business to select the right method of analysis, graphing or plotting to reveal the results they need to see and understand. If you look at the Histogram below, you will see that one value lies far to the left of all other data.

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