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A manufacturer developed powerful, 3D-printed sensors to guide driverless vehicles. An e-commerce conglomeration uses predictive analytics in its recommendation engine. Some examples of data science use cases include: An international bank uses ML-powered credit risk models to deliver faster loans over a mobile app.
For example, a computer manufacturing company could develop new models or add features to products that are in high demand. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.
On January 4th I had the pleasure of hosting a webinar. It was titled, The Gartner 2021 Leadership Vision for Data & Analytics Leaders. This was for the Chief Data Officer, or head of data and analytics. Yes, prescriptive and predictive analytics remain very popular with clients.
The industries that are users of embedded analytics are interesting. The Business Services group leads in the usage of analytics at 19.5 And Manufacturing and Technology, both 11.6 The sample included 1,931 knowledge workers from various industries, including financial services, healthcare, and manufacturing.
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