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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

Data exploded and became big. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts.

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Earlier this year, we talked about some of the major changes that data has brought to the financial sector. Bhagyeshwari Chauhan of DataHut writes that one of the major ways that big data helps is with identifying fraud. Predictive analytics and other big data tools help distinguish between legitimate and fraudulent transactions.

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Transforming Credit and Collection with Predictive Analytics

BizAcuity

Today, it’s no secret that most forward-thinking businesses are keenly following the latest developments on big data, artificial intelligence, machine learning, and predictive analytics. With Big Data, it is possible to acquire and segregate data with laser sharp focus with respect to one singular debtor.

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Predictive Analytics Advances Rewrite Rules On Corporate Conferences

Smart Data Collective

It’s the use of AI that is creating the ability to make fast and efficient predictions about marketing and sales trends. The most practical uses of AI include data mining, historical analysis and the handling of otherwise mundane administrative tasks. As for data mining, the digital world creates mounds of useful data.

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Glossary of Digital Terminology for Career Relevance

Rocket-Powered Data Science

Analytics: The products of Machine Learning and Data Science (such as predictive analytics, health analytics, cyber analytics). Chatbots cannot hold long, continuing human interaction. Traditionally they are text-based but audio and pictures can also be used for interaction. See [link].

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. Decision support systems are generally recognized as one element of business intelligence systems, along with data warehousing and data mining.

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What Is The Difference Between Business Intelligence And Analytics?

datapine

On the other hand, BA is concerned with more advanced applications such as predictive analytics and statistic modeling. This also allows the two terms to complement each other to provide a complete picture of the data. BI dashboards , offer the possibility to filter the data all in one screen to extract deeper conclusions.