CIO Business Intelligence

NOVEMBER 27, 2024

From customer service chatbots to marketing teams analyzing call center data, the majority of enterprises—about 90% according to recent data —have begun exploring AI. However, there’s a significant difference between those experimenting with AI and those fully integrating it into their operations.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. Most BI software in the market are self-service. Usage in a business context.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Smarten

MAY 17, 2019

These are just some of the examples of use cases that effectively illustrate how your business can benefit from predictive analytics in real-world scenarios. The benefits of advanced analytics and assisted predictive modeling are too numerous to provide a complete list here. Marketing Optimization. Maintenance Management.

Predictive Analytics 65

Predictive Analytics Forecasting Analytics Predictive Modeling 65

CIO Business Intelligence

MARCH 22, 2022

Two groups of researchers are already using Nvidia’s Modulus AI framework for developing physics machine learning models and its Omniverse 3D virtual world simulation platform to forecast the weather with greater confidence and speed, and to optimize the design of wind farms.

Modeling 144

Modeling Machine Learning Forecasting Optimization 144

CIO Business Intelligence

MAY 21, 2024

Multimodal foundation models combine multiple modes, such as text, audio, image, and video, and are capable of generating captions for images or answering questions about images, according to IDC’s Market Glance: Generative Foundation AI Models. With this model, patients get results almost 80% faster than before.

IT 131

IT Cost-Benefit Experimentation Forecasting 131

datapine

AUGUST 14, 2019

There are a number of tools available on the market, and knowing which one to choose to increase performance can be time-consuming, and often confusing. The use of machine learning, predictive analytics, and various data connectors that enable the user to work with enormous amounts of databases, flat files, marketing analytics, CRM, etc.,

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

Rocket-Powered Data Science

JULY 13, 2023

Beyond the early days of data collection, where data was acquired primarily to measure what had happened (descriptive) or why something is happening (diagnostic), data collection now drives predictive models (forecasting the future) and prescriptive models (optimizing for “a better future”).

Analytics 167

Analytics Machine Learning Data Science Data Collection 167

Smarten

SEPTEMBER 14, 2018

Just Simple, Assisted Predictive Modeling for Every Business User! No matter the market or type of business, there is no room in today’s business landscape for guesswork. And, with Assisted Predictive Modeling , you can make these tasks even easier. No Guesswork!

Predictive Modeling 40

Predictive Modeling Business Analytics Modeling Analytics 40

Smarten

MAY 17, 2019

To make the most out of online marketing, every organization must target the customers with the most promising profile. Predictive analytics can help the business to understand online buying behavior, and when, where and how to serve ads, market products and offer discounts or other incentives. Marketing Optimization.

Predictive Analytics 51

Predictive Analytics Marketing Analytics Predictive Modeling 51

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.

Forecasting 130

Forecasting Machine Learning Finance Software 130

BI-Survey

MARCH 16, 2021

Markets and competition today are highly dynamic and complex, and the future is characterized by uncertainty – not least because of COVID-19. Satisfying customer needs and securing solvency in volatile markets both require quick decisions and decisive action. . Markets and competition are constantly becoming more dynamic.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

BI-Survey

MARCH 16, 2021

Markets and competition today are highly dynamic and complex, and the future is characterized by uncertainty – not least because of COVID-19. Satisfying customer needs and securing solvency in volatile markets both require quick decisions and decisive action. . Markets and competition are constantly becoming more dynamic.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

Smart Data Collective

APRIL 21, 2022

The global smart solar market was worth over $8.5 This will as well ensure accuracy in forecasting power generation rates and respective grid adjustments. Effective production forecast. Apart from the reactive response, the IoT for renewable energy includes effective production forecasts and improves grid stability.

IoT 115

IoT Internet of Things Forecasting Predictive Modeling 115

BI-Survey

NOVEMBER 24, 2020

This generates significant challenges for organizations in many areas and corporate planning and forecasting are no exceptions. The aim is to relieve planners and use historical data for valuable forecasts of the future. Planning, forecasting and analytics must be adapted to keep up with these demands.

Forecasting 94

Forecasting Predictive Modeling Statistics Data-driven 94

Jedox

APRIL 16, 2020

What does your economic forecast look like for the foreseeable future? EPM (Enterprise Performance Management) incorporates the power of automated planning, budgeting, and forecasting with the powerful capabilities of tools such as artificial intelligence and machine learning. Forecast realistic outcomes.

Uncertainty 95

Uncertainty Management Forecasting Predictive Modeling 95

CIO Business Intelligence

DECEMBER 11, 2023

For example, by tapping into real-time data with AI-enabled analytics, CFOs will be able to develop multiple scenarios for capital allocation, offering more forward-looking projections and more accurate forecasts.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

Smarten

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Market Changes. Forecasting. Access to Flexible, Intuitive Predictive Modeling. Classification.

Predictive Analytics 67

Predictive Analytics Analytics Predictive Modeling Prescriptive Analytics 67

Smarten

DECEMBER 15, 2017

Plug n’ Play Predictive Analysis for Accurate Forecasting! One very important capability is Put n’ Play predictive analysis. Assisted Predictive Modeling and predictive analysis tools should include sophisticated functionality in a simple environment that is easy for every business user.

Predictive Analytics 63

Predictive Analytics Analytics Predictive Modeling Experimentation 63

Jedox

MAY 17, 2022

What Predictive Analytics Cannot Forecast. Predictive Analytics Example in Finance. A Brief History of Predictive Analytics. No industry has attempted to do more with predictive analytics than the financial services industry. What is Predictive Analytics? What Predictive Analytics Cannot Forecast.

Predictive Analytics 85

Predictive Analytics Finance Analytics Forecasting 85

DataRobot

NOVEMBER 24, 2021

But as the COVID-19 pandemic has shown, getting products to market as quickly as possible can even save thousands of lives. As recent turmoil in world markets has shown, businesses cannot meet their revenue goals unless they can deliver their products to the people who want to buy them. Streamline New Product Development. Download Now.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

Sisense

MARCH 24, 2020

BA claimed that a continued investment in analytics during the crisis was a critical factor to streamlining marketing activities and thwarting fraudulent bookings when their business was especially fragile. Predict: Lastly, look to forecast trends in supply and demand and track fast-moving changes in leading indicators.

Analytics 94

Analytics Sales Forecasting Business Intelligence 94

Smarten

JULY 23, 2019

What is Predictive Analytics and How Can it Help My Business? What is predictive analytics? Put simply, predictive analytics is a method used to forecast and predict the future results and needs of an organization using historical data and a comprehensive set of data from across and outside the enterprise.

Modeling 63

Modeling Predictive Analytics Predictive Modeling IT 63

CIO Business Intelligence

JUNE 7, 2022

Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes. It is frequently used for economic and sales forecasting. Data analytics vs. business analytics.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smarten

MAY 14, 2019

If a business wishes to optimize inventory, production and supply, it must have a comprehensive demand planning process; one that can forecast for customer segment growth, seasonality, planned product discounting or sales, bundling of products, etc. Marketing Optimization. Predictive Analytics Using External Data. Loan Approval.

Predictive Analytics 56

Predictive Analytics Analytics Predictive Modeling Forecasting 56

Sisense

JANUARY 26, 2020

Improve forecasts and maximize revenue. Just six months after implementing predictive analytics, their ecommerce sales increased by 50%! To answer more forward-looking questions, Gentex creates a sales forecast for an entire year using just a few months of data. They use predictive models to forecast revenues based on spending.

Predictive Analytics 78

Predictive Analytics Manufacturing Analytics Forecasting 78

Smarten

SEPTEMBER 28, 2022

Plan and forecast accurately.’. Predictive Analytics utilizes various techniques including association, correlation, clustering, regression, classification, forecasting and other statistical techniques. Plan and forecast accurately. Marketing Optimization. Predictive Analytics Using External Data.

Predictive Analytics 52

Predictive Analytics Analytics Predictive Modeling Forecasting 52

Smarten

APRIL 10, 2023

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? Data Scientists can create and re-purpose analytical models and focus on strategic initiatives.

Predictive Analytics 52

Predictive Analytics Predictive Modeling Analytics Prescriptive Analytics 52

Smarten

MARCH 7, 2024

While none of these is considered ‘new’ in the market today, the combination of essential components and the leveraging of new technologies and features is key to keeping augmented analytics fresh and usable for the average business user.

Analytics 67

Analytics Machine Learning Predictive Modeling Visualization 67

Smarten

SEPTEMBER 19, 2017

Predictive analysis is very important to your organization. If you can dependably predict and forecast results, you can stay ahead of the competition, address changing customer needs, capitalize on opportunities and solve problems before they negatively impact your enterprise.

Predictive Analytics 63

Predictive Analytics Predictive Modeling ROI Forecasting 63

Smarten

MAY 17, 2019

If you can easily integrate data from sources outside the business, you can provide a more comprehensive picture for predicting and forecasting results and anticipating the needs of the market. Online Target Marketing. Marketing Optimization. Customer Targeting. Product and Service Cross-Sell and Upsell.

Predictive Analytics 58

Predictive Analytics Analytics Predictive Modeling Risk Management 58

Sisense

SEPTEMBER 9, 2019

We fed Kraken (BigSquid’s predictive analytics engine) information about historical warranty costs, claims, forecasts, historical product attributes, and attributes of the new products on the roadmap. Then we ran Kraken’s machine learning and predictive modeling engine to get the results. Lessons Learned.

Predictive Analytics 75

Predictive Analytics Predictive Modeling Forecasting Data-driven 75

Smarten

MAY 15, 2019

Even with an unlimited budget, it would not be a wise decision for a business to target every customer in the market. Predictive analytics can identify a trend or pattern so that the organization can anticipate that the market, or buying behavior is changing. Marketing Optimization. Online Target Marketing.

Predictive Analytics 51

Predictive Analytics Analytics Predictive Modeling Recreation/Entertainment 51

Smarten

APRIL 17, 2018

How Can Assistive Predictive Modeling Help My Business Users? If you are wondering how and why predictive analytics software has expanded into the self-serve business user market, the reason is simple. Every business is operating in a rapidly changing competitive environment and market.

Predictive Analytics 40

Predictive Analytics Predictive Modeling Analytics Forecasting 40

Smarten

MAY 13, 2019

The cost of acquiring a new customer includes marketing and advertising, resources and personnel, customer support, search engine optimization and more. Use Predictive Analytics to identify at risk customers and issues that will impact customer churn and customer retention. Marketing Optimization. Online Target Marketing.

Predictive Analytics 51

Predictive Analytics Analytics Predictive Modeling Advertising 51

Smarten

SEPTEMBER 26, 2018

How Can My Business Use Assisted Predictive Modeling to Optimize Resources? There was a time, not so long ago, when predictive analysis, business forecasting and planning for results involved guesswork and lots of unscientific review of historical data.

Predictive Modeling 40

Predictive Modeling Predictive Analytics Forecasting Optimization 40

Smarten

JUNE 8, 2023

External forces from the global pandemic, combined with market competition have created an expectation on the part of team members who want to be able to work from home or other locations. Improved Time-to-Market No business can afford to fall behind! Working with real-time, clear, accurate information can make all the difference.

Optimization 67

Optimization Enterprise Business Intelligence Predictive Modeling 67

IBM Big Data Hub

SEPTEMBER 19, 2023

Business users will also perform data analytics within business intelligence (BI) platforms for insight into current market conditions or probable decision-making outcomes. Many functions of data analytics—such as making predictions—are built on machine learning algorithms and models that are developed by data scientists.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76