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Decades (at least) of businessanalytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptiveanalytics for business forecasting and optimization, respectively. How do predictive and prescriptiveanalytics fit into this statistical framework?
Often seen as the highest foe-friend of the human race in movies ( Skynet in Terminator, The Machines of Matrix or the Master Control Program of Tron), AI is not yet on the verge to destroy us, in spite the legit warnings of some reputed scientists and tech-entrepreneurs. 4) Predictive And PrescriptiveAnalytics Tools.
What is businessanalytics? Businessanalytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. The discipline is a key facet of the business analyst role. Businessanalytics techniques.
The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. One CIO said it this way , “If CIOs invested in machinelearning three years ago, they would have wasted their money. But if they wait another three years, they will never catch up.”
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The criticality of these synergies becomes obvious when we recognize analytics as the products (the outputs and deliverables) of the data science and machinelearning activities that are applied to enterprise data (the inputs). Pure analytics solutions can boost performance all across that data environment.
Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machinelearning models and develop artificial intelligence (AI) applications.
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CIO.com The CIO role is expanding significantly in terms of helping the organization understand not just AI strategy, but AI as business strategy, says Vikram Nafde, executive vice president and CIO at Webster Bank. They are also leading the charge educating the board and making sure everyone understands what this all means.
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