article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Now that we have described predictive and prescriptive analytics in detail, what is there left?

article thumbnail

How Data Cleansing Can Make or Break Your Business Analytics

Smart Data Collective

A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. The Global BPO Business Analytics Market was worth nearly $17 billion last year. Unfortunately, some business analytics strategies are poorly conceptualized.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

XAI: Accuracy vs Interpretability for Credit-Related Models

Analytics Vidhya

When too much risk is restricted to very few players, it is considered as a notable failure of the risk management framework. […]. The post XAI: Accuracy vs Interpretability for Credit-Related Models appeared first on Analytics Vidhya.

Modeling 395
article thumbnail

Data Lakes Meet Data Warehouses

David Menninger's Analyst Perspectives

He also provides an assessment of the risks organizations face in working with data lakes and offers recommendations for maximizing the potential of data. He explains the term “data lake,” describes common use cases and shares his views on some of the latest market trends.

Data Lake 287
article thumbnail

Top 10 Analytics And Business Intelligence Trends For 2020

datapine

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. Share the essential business intelligence trends among your team!

article thumbnail

Data’s dark secret: Why poor quality cripples AI and growth

CIO Business Intelligence

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. These issues dont just hinder next-gen analytics and AI; they erode trust, delay transformation and diminish business value. Manual entries also introduce significant risks.

article thumbnail

What Is The Difference Between Business Intelligence And Analytics?

datapine

We already saw earlier this year the benefits of Business Intelligence and Business Analytics. In an article tackling BI and Business Analytics, Better Buys asked seven different BI pros what their thoughts were on the difference between business intelligence and analytics. Confused yet?