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When we consider the implementation of a Citizen Data Scientist initiative, we typically do so to improve the business and the effectiveness of its team members. As you review these benefits, it is easy to see how these benefits can be applied directly toward continuous improvement.
World-renowned technology analysis firm Gartner defines the role this way, ‘A citizen data scientist is a person who creates or generates models that leverage predictive or prescriptiveanalytics, but whose primary job function is outside of the field of statistics and analytics. ‘If
You can use the same capabilities to serve financial reporting, measure operational performance, or even monetize data assets. Plan on how you can enable your teams to use ML to move from descriptive to prescriptiveanalytics. For this you need to implement prescriptive decision-making on how to address the customer’s sentiment.
This can be useful in describing your past recruiting and retention efforts or measuring their efficacy, but it stops just short of helping you plan your future actions. Strategic analytics. Predictive analytics are the next step in your HR analytics journey. Validate these with your stakeholders to get their buy-in.
Once an accurate predictor of future behavior is identified, integrate the scoring measures directly into the data model. The integration of historical data and predictive analytics is key to operationalizing predictive capabilities in large financial services organizations.
Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting. PrescriptiveAnalytics provides precise recommendations to respond to the query, “What should I do if ‘x’ occurs?”
Augmented Analytics. DI empowers analysts to apply augmented analytics to applications, supporting predictive and prescriptiveanalytics use cases. Why does the business want to leverage data intelligence? Once you’ve got the software, it’s time to test it out, assigning key roles and measuring progress.
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