Smart Data Collective

JUNE 18, 2021

We have previously talked about the role of predictive analytics in helping solve crimes. Fortunately, machine learning and predictive analytics technology can also help on the other side of the equation. Predictive Analytics and Big Data Assists with Criminal Justice Reform.

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Predictive Analytics Forecasting Analytics Big Data 94

CIO Business Intelligence

MAY 12, 2022

But sometimes can often be more than enough if the prediction can help your enterprise plan better, spend more wisely, and deliver more prescient service for your customers. What are predictive analytics tools? Predictive analytics tools blend artificial intelligence and business reporting. Highlights. Deployment.

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Predictive Analytics Analytics Statistics Machine Learning 137

CIO Business Intelligence

JUNE 29, 2022

There is growing belief that businesses are set to spend huge amounts of money on predictive analytics. While in 2021, the global market for corporate predictive analytics was worth $10 billion, it is forecast to balloon to $28 billion by 2026.

Predictive Analytics 137

Predictive Analytics Analytics Data-driven Forecasting 137

Smart Data Collective

OCTOBER 13, 2020

They found that predictive analytics algorithms were using social media data to forecast asset prices. Predictive analytics have become even more influential in the future of altcoins in 2020. This wouldn’t have been the case without growing advances in big data and predictive analytics capabilities.

Predictive Analytics 122

Predictive Analytics Analytics Forecasting Marketing 122

Smart Data Collective

AUGUST 24, 2022

Many Albanian bitcoin traders are relying more heavily on predictive analytics technology to make profitable trading decisions. Many traders in other countries are already benefiting from using predictive analytics , so Albanian investors should use it too. Predicting Asset Values Based on Geopolitical Events.

Predictive Analytics 132

Predictive Analytics Analytics Marketing Analytics Technologies 132

David Menninger's Analyst Perspectives

MAY 15, 2025

Over the past two decades, advances in information technology have had the greatest incremental impact on midsize enterprises, approaching the ability of large organizations to harness practical, affordable and reliable technology to gain productivity and improve performance, especially in the office of finance.

Enterprise 130

Enterprise Management Finance Cost-Benefit 130

Smart Data Collective

APRIL 10, 2023

Predictive analytics technology has had a huge affect on our lives, even though we don’t usually think much about it. Therefore, it should not be a surprise that the market for predictive analytics tools will be worth an estimated $44 billion by 2030. Is predictive analytics actually useful for forecasting prices?

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Predictive Analytics Analytics Forecasting Technology 115

CIO Business Intelligence

JUNE 2, 2022

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. 5G aids customer service.

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datapine

NOVEMBER 27, 2019

It is not only important to gather as much information possible, but the quality and the context in which data is being used and interpreted serves as the main focus for the future of business intelligence. However, businesses today want to go further and predictive analytics is another trend to be closely monitored.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smart Data Collective

APRIL 28, 2019

New advances in predictive analytics will help mobile app developers navigate these changes and develop better technology to adapt. Predictive analytics is especially important for developers creating apps in emerging markets. Predictive analytics captures rapidly changing variables in an increasingly global world.

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Predictive Analytics Marketing Analytics Forecasting 101

Smart Data Collective

AUGUST 26, 2021

Weather forecasting technology has grown from strength to strength in the last few decades. Gone are the days when you had to wait for the local news channel to share the weather forecasts for the next day. But if there’s one technology that has revolutionized weather forecasting, it has to be data analytics.

Forecasting 133

Forecasting Data Analytics Analytics Internet of Things 133

Sisense

JANUARY 26, 2020

In Moving Parts , we explore the unique data and analytics challenges manufacturing companies face every day. Building an accurate predictive analytics model isn’t easy. It’s a difficult process, but an effective predictive analytics engine is an enormous asset for any organization. Big challenges, big rewards.

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Predictive Analytics Manufacturing Analytics Forecasting 78

Jedox

MAY 17, 2022

Predictive analytics is a discipline that’s been around in some form since the dawn of measurement. We’ve always been trying to predict the future; go back in history to look at prognosticators like Nostradamus and many other prophets. A Brief History of Predictive Analytics. What is Predictive Analytics?

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Predictive Analytics Finance Analytics Forecasting 83

Jedox

JULY 6, 2021

When considering the performance of any forecasting model, the prediction values it produces must be evaluated. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. Where y’ is forecasted value and y is the true value.

Forecasting 104

Forecasting Metrics Testing Modeling 104

CIO Business Intelligence

FEBRUARY 6, 2025

For example, at a company providing manufacturing technology services, the priority was predicting sales opportunities, while at a company that designs and manufactures automatic test equipment (ATE), it was developing a platform for equipment production automation that relied heavily on forecasting. And guess what?

Unstructured Data 115

Unstructured Data Manufacturing Data Governance Sales 115

Jet Global

JULY 11, 2019

With major advances being made in artificial intelligence and machine learning, businesses are investing heavily in advanced analytics to get ahead of the competition and increase their bottom line. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Business Intelligence 72

Business Intelligence Forecasting Predictive Analytics Data Warehouse 72

Smarten

MAY 17, 2019

There is a lot of information within your enterprise, and being able to analyze that information is crucial to decision-making and to managing your business and predicting results with efficiency and accuracy. Learn More: Predictive Analytics Using External Data. Customer Targeting. Customer Churn. Quality Control.

Predictive Analytics 58

Predictive Analytics Analytics Predictive Modeling Risk Management 58

Smarten

MAY 31, 2022

When combined with Citizen Data Scientist initiatives, the adoption and use of predictive modeling and forecasting techniques can be a boon to any enterprise. Team members who have access to augmented analytics and assisted predictive modeling can plan better, predict more accurately and dependably meet goals and objectives.

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Predictive Analytics Analytics Predictive Modeling Prescriptive Analytics 67

Smarten

DECEMBER 15, 2017

Plug n’ Play Predictive Analysis for Accurate Forecasting! There are numerous considerations when a business looks at upgrading or acquiring an analytical solution. One very important capability is Put n’ Play predictive analysis.

Predictive Analytics 63

Predictive Analytics Analytics Predictive Modeling Experimentation 63

datapine

MAY 2, 2023

To work effectively, big data requires a large amount of high-quality information sources. Proactivity: Another key benefit of big data in the logistics industry is that it encourages informed decision-making and proactivity. Where is all of that data going to come from?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

Smart Data Collective

JANUARY 27, 2021

They have also created numerous opportunities for informed investors to create diversified portfolios and take advantage of a market for assets that provide an exceptional ROI. A number of new predictive analytics algorithms are making it easier to forecast price movements in the cryptocurrency market.

Machine Learning 140

Machine Learning Forecasting Predictive Analytics Marketing 140

Smart Data Collective

NOVEMBER 7, 2019

The benefits of predictive analytics for businesses are numerous. However, predictive analytics can be just as valuable for solving employee retention problems. Towards Data Science discusses some of the benefits of predictive analytics with employee retention.

Predictive Analytics 70

Predictive Analytics Analytics Cost-Benefit Risk 70

Sisense

FEBRUARY 18, 2021

Predictions like those, indeed predictive analytics itself, rely on a deep understanding of the past and present, expressed by data. New to the idea of predictive analytics? Defining predictive analytics. Predictive analytics use data to create an outline of the future.

Predictive Analytics 66

Predictive Analytics Business Intelligence Analytics Manufacturing 66

datapine

MARCH 25, 2022

Business intelligence and analytics are data management solutions implemented in companies and enterprises to collect historical and present data, while using statistics and software to analyze raw information, and deliver insights for making better future decisions. Let’s see a conceptual definition of the two.

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Business Intelligence Analytics Statistics Dashboards 264

datapine

JANUARY 21, 2020

Big data plays a crucial role in online data analysis , business information, and intelligent reporting. Spreadsheets no longer provide adequate solutions for a serious company looking to accurately analyze and utilize all the business information gathered. Companies must adjust to the ambiguity of data, and act accordingly.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

AI is also making it easier for executives and managers to rapidly forecast, plan and analyze to promote deeper situational awareness and facilitate better-informed decision-making. It will do so by substantially reducing the time spent on the purely mechanical aspects of day-to-day tasks. And it must be C ompany-wide, not siloed.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

Smart Data Collective

MAY 13, 2022

This means feeding the machine with vast amounts of data, from structured to unstructured data, which will help the device learn how to think, process information, and act like humans. It needs a data management platform that can sort the data, analyze the data’s bits of information, and make it more accessible.

Business Analytics 141

Business Analytics Analytics Unstructured Data Data-driven 141

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Source: mathworks.com.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

datapine

MARCH 31, 2022

Does the idea of discovering patterns in large volumes of information make you want to roll up your sleeves and get to work? Moreover, companies that use BI analytics are five times more likely to make swifter, more informed decisions. They can help a company forecast demand, or anticipate fraud. million in the USA alone.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

datapine

DECEMBER 4, 2019

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. Approaches need to take this dynamic nature into mind.

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Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

CIO Business Intelligence

MAY 21, 2024

The platform includes six core components and uses multiple types of AI, such as generative, machine learning, natural language processing, predictive analytics and others, to deliver results. Grow Inventory Forecasting, Grow BI, and Grow FP&A are generally available.

Forecasting 126

Forecasting Predictive Analytics Machine Learning Data-driven 126

Jedox

JANUARY 29, 2019

In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analytics technology including predictive analytics for sales forecasting. Making AI Real (Part 2).

Predictive Analytics 41

Predictive Analytics Forecasting Sales Analytics 41

Smarten

SEPTEMBER 28, 2022

Apply Predictive Analytics to Specific Business Use Cases for Real Results! Gartner has predicted that, ‘Overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’ Plan and forecast accurately.’. Plan and forecast accurately.

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Predictive Analytics Analytics Predictive Modeling Forecasting 52

Smart Data Collective

MARCH 8, 2021

According to a forecast by IDC and Seagate Technology, the global data sphere will grow more than fivefold in the next seven years. This ever-growing volume of information has given rise to the concept of big data. Nowadays, managers across industries rely on information systems such as CRMs to improve their business processes.

Big Data 143

Big Data Management Predictive Analytics Statistics 143

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? BI focuses on descriptive analytics, data collection, data storage, knowledge management, and data analysis to evaluate past business data and better understand currently known information. Predictive analytics: What is likely to happen in the future?

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

Smarten

APRIL 10, 2023

Leverage Enterprise Investments for Predictive Analytics and Gain Numerous Advantages! Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Why the focus on predictive analytics?

Predictive Analytics 52

Predictive Analytics Predictive Modeling Analytics Prescriptive Analytics 52

Smart Data Collective

OCTOBER 13, 2021

In the era of Big Data, the Web, the Cloud and the huge explosion in data volume and diversity, companies cannot afford to store and replicate all the information they need for their business. Data virtualization is ideal in any situation where the is necessary: Information coming from diverse data sources. Real-time information.

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145