Sisense

AUGUST 11, 2019

This is where Business Analytics (BA) and Business Intelligence (BI) come in: both provide methods and tools for handling and making sense of the data at your disposal. So…what is the difference between business intelligence and business analytics? What Does “Business Analytics” Mean?

Business Intelligence 75

Business Intelligence Business Analytics Analytics OLAP 75

datapine

JANUARY 31, 2022

Experience the power of Business Intelligence with our 14-days free trial! Why Is Business Intelligence So Important? The main use of business intelligence is to help business units, managers, top executives, and other operational workers make better-informed decisions backed up with accurate data. The results?

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

datapine

MAY 16, 2019

In a previous study into big data examples in real life, we explored how the catering industry could benefit from the use of restaurants analytics – a topic that we’re going to delve deeper into here. The Modern Restaurant Management and the National Restaurant Association revealed that around 60,000 new restaurants open every year.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Here, we list the most prominent ones used in the industry.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

Smart Data Collective

NOVEMBER 25, 2019

Predictive Business Analytics. Some of these new tools use AI to predict events more accurately by employing predictive analytics to identify subtle relationships between even seemingly unrelated variables. AI-powered analytics tech isn’t likely to replace business intelligence analysts.

Business Intelligence 132

Business Intelligence Predictive Analytics Data Collection Internet of Things 132

datapine

NOVEMBER 11, 2021

And not just that, with COVID-19 and remote work now being a permanent business practice, the need for more intuitive platforms that will facilitate teamwork has become critical. Business intelligence tools provide you with interactive BI dashboards that serve as powerful communication tools to keep teams engaged and connected.

Business Intelligence 213

Business Intelligence Dashboards Interactive Visualization 213

Jet Global

JULY 11, 2019

With major advances being made in artificial intelligence and machine learning, businesses are investing heavily in advanced analytics to get ahead of the competition and increase their bottom line. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Business Intelligence 72

Business Intelligence Forecasting Predictive Analytics Data Warehouse 72

BizAcuity

AUGUST 26, 2019

It has not only tripled in size in recent years but sources predict that it is about to rise to new heights in the coming years. Ever since the digitization of casinos, casino managers are being exposed to a great deal of data. The need for prescriptive analytics.

Prescriptive Analytics 74

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 74

CIO Business Intelligence

APRIL 15, 2022

Organizations across every industry have been and continue to invest heavily in data and analytics. But like oil, data and analytics have their dark side. According to CIO’s State of the CIO 2022 report, 35% of IT leaders say that data and business analytics will drive the most IT investment at their organization this year.

Analytics 145

Analytics Machine Learning Insurance Testing 145

IBM Big Data Hub

SEPTEMBER 19, 2023

It focuses on data collection and management of large-scale structured and unstructured data for various academic and business applications. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Smart Data Collective

JUNE 8, 2023

By tracking exertion levels, coaches can manage training loads effectively, prevent burnout, and reduce the risk of injuries. Artificial intelligence and machine learning algorithms will play a more significant role in interpreting complex data sets, providing deeper insights and predictive analytics.

Data Analytics 105

Data Analytics Analytics Data Collection Statistics 105

Sisense

JULY 6, 2020

Sisense recently surveyed 500 companies to understand how they leverage data and analytics usage and the impact on future plans; the results reinforce how critical analytics are to businesses during times of crisis. Analytics are essential in a crisis. This can be disorienting but also empowering.

Data-driven 81

Data-driven Uncertainty Reporting Analytics 81

Cloudera

OCTOBER 4, 2023

On top of these core critical capabilities, we also need the following: Petabyte and larger scalability — particularly valuable in predictive analytics use cases where high granularity and deep histories are essential to training AI models to greater precision.

Data Warehouse 89

Data Warehouse Experimentation Cost-Benefit Dashboards 89

Cloudera

JANUARY 5, 2021

To enable these business capabilities requires an enterprise data platform to process streaming data at high volume and high scale, to manage and monitor diverse edge applications, and provide data scientists with tools to build, test, refine and deploy predictive machine learning models. .

Forecasting 91

Forecasting Cost-Benefit Sales Unstructured Data 91

datapine

JANUARY 6, 2022

Predictive analysis: As its name suggests, the predictive analysis method aims to predict future developments by analyzing historical and current data. Yet, sound data analyses have the ability to alert management to cost-reduction opportunities without any significant exertion of effort on the part of human capital.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

BizAcuity

APRIL 1, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics. Predictive Analytics can help businesses in reducing risk (eg.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. There are primarily two underlying techniques that can be leveraged for AML initiatives- Exploratory Data Analysis and Predictive analytics. Predictive Analytics. Exploratory Data Analysis (EDA).

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

datapine

FEBRUARY 17, 2023

That said, data and analytics are only valuable if you know how to use them to your advantage. Poor-quality data or the mishandling of data can leave businesses at risk of monumental failure. In fact, poor data quality management currently costs businesses a combined total of $9.7 million per year.

Analytics 191

Analytics Cost-Benefit Dashboards Business Intelligence 191

Jet Global

OCTOBER 1, 2019

With major advances being made in artificial intelligence and machine learning, businesses are investing heavily in advanced analytics to get ahead of the competition and increase their bottom line. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Business Intelligence 40

Business Intelligence Forecasting Predictive Analytics Data Warehouse 40

Cloudera

JANUARY 14, 2021

The solution ingested and aggregated data from these temperature sensors with location and on-hand inventory data to predict, monitor, and respond to possible changes in perishable food products such as produce, dairy, and meat.

Cost-Benefit 72

Cost-Benefit Digital Transformation Sales Measurement 72

Sisense

AUGUST 19, 2020

Big data, analytics, cloud computing, data mining, data science — the buzzwords of the modern data and analytics industry — have taken every business and organization by storm, no matter the scale or nature of the business. Moving to the cloud helped transform the way McKesson operates. Ready to disrupt the market?

Big Data 52

Big Data Machine Learning Digital Transformation Data-driven 52

BizAcuity

AUGUST 26, 2019

It has not only tripled in size in recent years but sources predict that it is about to rise to new heights in the coming years. Ever since the digitization of casinos, casino managers are being exposed to a great deal of data. The need for prescriptive analytics.

Prescriptive Analytics 40

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 40

Smarten

JUNE 26, 2018

Business Problem: A retail store manager wants to conduct Market Basket analysis to come up with better strategy of products placement and product bundling. Business Benefit: The darker segments reveal the ideal methods of product bundling and placement to increase cross-sales. Use Case – 2.

Business Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Smarten

JUNE 29, 2018

Business Problem: An HR Manager wants to find out whether male employees earn more than female employees. Business Benefit: Once the test is completed, a p-value is generated which indicates whether there is a statistical difference between the income of two groups. Here, the dependent variable would be ‘Total Annual Income’.

Testing 40

Testing Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

Business Problem: A bank wants to find the correlation between income and credit card delinquency rate of credit card holders. Business Benefit: The credit card manager can decide on individual credit limit eligibility based on the correlation coefficient value between Income and delinquency rates.

Enterprise 40

Enterprise Statistics IT Business Intelligence 40

Smarten

JUNE 29, 2018

Business Benefit: The product sales manager can identify the amount and direction of product price impact on product sales. Input Data: The predictor/independent variable is product price data for last year. The dependent variable is product sales data for last year.

Enterprise 40

Enterprise Sales Statistics Business Intelligence 40

Smarten

APRIL 12, 2023

SnapShot KPI monitoring allows business users to quickly establish KPIs, target metrics and identify key influencers and variables for the target KPI. SnapShot provides auto-suggestions and information to clearly identify the root cause of problems and target opportunities.

Snapshot 52

Snapshot Key Performance Indicator KPI Business Intelligence 52

Smarten

JUNE 29, 2018

Business Benefit: A product sales manager can discover which predictors included in the analysis will have significant impact on product sales. Input Data: Predictor/independent variables include product price data, product promotions data such as discounts, flag representing presence/absence of seasonality.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 29, 2018

For example, a business might use this technique to understand whether there was a difference in manager salaries before and after undertaking a PhD program. Let’s look at two use cases to better understand the benefit of this technique in business analysis. Use Case – 1. Use Case – 2.

Business Analysis 40

Business Analysis Testing Statistics Advertising 40

Smarten

JUNE 26, 2018

Business Problem: A retail store marketing manager wants to know if there is a significant association between the geography of a customer and his/her brand preferences. Business Benefit: Once the test is completed, p-value is generated which indicates whether there is significant association between geography and brand preference.

Testing 40

Testing Statistics IT Business Intelligence 40

FineReport

MARCH 24, 2024

Data Analyst Job Description Data analysts play a crucial role in extracting actionable insights from diverse data sources, aiding businesses in cost reduction and revenue growth. Utilizing standard methods, they collect, analyze, and interpret data to provide valuable business information.

Statistics 52

Statistics Data mining Visualization Sales 52

Smarten

JUNE 29, 2018

To understand the value of this applied technique, let’s consider two business use cases. Business Problem: A retail store manager wants to conduct Market Basket analysis to come up with a better strategy of product placement and product bundling. Use Case – 1. Use Case – 2.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Smarten

JUNE 25, 2018

Business Benefit: By identifying the mode of a name of Dish purchased, a restaurant owner can determine the most popular dish and decide on pricing and anticipate the need to order ingredients. Business Problem: A bank’s loan manager needs to find out the percentile distribution of the credit score of the loan applicants.

Statistics 40

Statistics Enterprise Measurement Business Intelligence 40

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

NOVEMBER 26, 2023

Self-serve business intelligence provides an analytics approach that is accessible to business users. This approach to analytics offers many benefits to the business and to its business users and stakeholders. What is data literacy?

Business Intelligence 40

Business Intelligence Data-driven Advertising Reporting 40

Smarten

DECEMBER 3, 2023

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. Giving your team the right tools and a simple way to manage the overwhelming flow of data is crucial to business success.’

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

Smarten

JUNE 21, 2018

Business Problem : Insurance claim manager wants to forecast policy sales for next month based on past 12 months data. Business Benefit : If projected claims are lower than expected then proper marketing strategy can be devised to improve sales. 2) Double Exponential Smoothing Use Case.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40