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You must be tired of continuously hearing quotes like, ‘data is the new oil’ and what not. Combined, it has come to a point where dataanalytics is your safety net first, and business driver second. These industries accumulate ridiculous amounts of data on a daily basis. AI Adoption and Data Strategy. Source: TCS).
Rapid technological advancements and extensive networking have propelled the evolution of dataanalytics, fundamentally reshaping decision-making practices across various sectors. In this landscape, data analysts assume a pivotal role, tasked with interpreting data to drive informed decision-making.
Decades (at least) of business analytics 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?
By leveraging data analysis to solve high-value business problems, they will become more efficient. This is in contrast to traditional BI, which extracts insight from data outside of the app. that gathers data from many sources. These tools prep that data for analysis and then provide reporting on it from a central viewpoint.
Think your customers will pay more for data visualizations in your application? Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics. Five years ago they may have. But today, dashboards and visualizations have become table stakes.
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