CIO Business Intelligence

FEBRUARY 6, 2025

The hype around large language models (LLMs) is undeniable. But heres the question I keep asking myself: do we really need this immense power for most of our analytics? Think about it: LLMs like GPT-3 are incredibly complex deep learning models trained on massive datasets. This article reflects some of what Ive learned.

Unstructured Data 115

Unstructured Data Manufacturing Data Governance Sales 115

datapine

NOVEMBER 27, 2019

However, businesses today want to go further and predictive analytics is another trend to be closely monitored. Predictive analytics is the practice of extracting information from existing data sets in order to forecast future probabilities. Industries harness predictive analytics in different ways.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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.

Predictive Analytics 78

Predictive Analytics Manufacturing Analytics Forecasting 78

Smarten

JANUARY 28, 2020

Predictive Analytics Can Be Accurate and Easy! Predictive analytics is more refined, more dependable and more comprehensive than ever. The foundation for predictive analysis is a great predictive analytics tool, and features and function that include assisted predictive modeling.

Predictive Analytics 69

Predictive Analytics Software Predictive Modeling Analytics 69

datapine

MARCH 25, 2022

There is not a clear line between business intelligence and analytics, but they are extremely connected and interlaced in their approach towards resolving business issues, providing insights on past and present data, and defining future decisions. Now, BA can help you understand why did sales spike specifically in New York.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Smarten

JULY 30, 2024

Assisted Predictive Modeling Enables Business Users to Predict Results with Easy-to-Use Tools! Gartner predicted that, ‘75% of organizations will have deployed multiple data hubs to drive mission-critical data and analytics sharing and governance.’ That’s why your business needs predictive analytics.

Predictive Analytics 64

Predictive Analytics Prescriptive Analytics Predictive Modeling Analytics 64

KDnuggets

AUGUST 22, 2019

Using the ATTOM dataset, we extracted data on sales transactions in the USA, loans, and estimated values of property. We developed an optimal prediction model from correlations in the time and status of ownership as well as the time of the year of sales fluctuations.

Sales 111

Sales Technology Predictive Modeling Optimization 111

Smart Data Collective

AUGUST 21, 2019

Big Data is Going to Be Essential for the Sale of Digital Products. However, just because a business model is popular doesn’t mean you can go in halfway. They can use many different types of machine learning and predictive analytics technology to get the most of it. All you have to worry about is driving traffic to it.

Big Data 94

Big Data Sales Marketing Predictive Analytics 94

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

CIO Business Intelligence

JANUARY 15, 2024

Sales statistics Two recent surveys concur that only a tiny minority of retailers have no plans to implement AI today. In its Predictive Demand Planning solution, SAP is using a self-learning model to provide longer-range forecasts, alert users to the root causes of forecast changes, and make recommendations.

Sales 105

Sales Software Forecasting Statistics 105

Birst BI

OCTOBER 30, 2018

An analytics alternative that goes beyond descriptive analytics is called “Predictive Analytics.”. Predictive Analytics: Predicting Future Outcomes. While descriptive analytics are focused on historical performance, predictive analytics are about predicting future outcomes.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Smarten

NOVEMBER 26, 2018

Your Business Users Will LOVE Predictive Analytics Tools! Predictive Analytics used to involve a crystal ball but, today, there are other options and they are more widely accepted in the business community!

Predictive Analytics 58

Predictive Analytics Predictive Modeling Analytics Forecasting 58

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. Predictive Analytics Using External Data. Learn More: Demand Planning.

Predictive Analytics 58

Predictive Analytics Analytics Predictive Modeling Forecasting 58

Smarten

MAY 16, 2019

In order to reach the right target and convert prospects into sales, a business must create and distribute messaging to the right target audience, in the right way, at the right tie. We invite you to explore other use cases and discover how predictive analytics, and assisted predictive modeling can help your business to achieve its goals.

Predictive Analytics 58

Predictive Analytics Optimization Marketing Analytics 58

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. What are the four types of data analytics? In business, predictive analytics uses machine learning, business rules, and algorithms.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smarten

MAY 17, 2019

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. Predictive analytics will help you optimize your marketing budget and improve brand loyalty. Predictive Analytics Using External Data.

Predictive Analytics 53

Predictive Analytics Marketing Analytics Predictive Modeling 53

Smarten

MAY 15, 2019

Predictive analytics can identify a trend or pattern so that the organization can anticipate that the market, or buying behavior is changing. You can use Assisted Predictive Modeling and Predictive Analytics to paint a clear picture of your customers and to optimize resources, marketing budgets and inventory.

Predictive Analytics 53

Predictive Analytics Analytics Predictive Modeling Recreation/Entertainment 53

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.’ Predictive Analytics Using External Data. Online Target Marketing.

Predictive Analytics 52

Predictive Analytics Analytics Predictive Modeling Forecasting 52

Smarten

MARCH 23, 2020

Predictive Analytics for Business Users = Assisted Predictive Modeling! These types of decision-making can be particularly dangerous to your business when they are applied to predicting and forecasting. Are you tired of using guesswork and opinions to make business decisions?

Predictive Analytics 52

Predictive Analytics Forecasting Predictive Modeling Analytics 52

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

datapine

JANUARY 31, 2022

That is precious insight for the sales team who can look into the data in real-time and understand what the leverages beneath it are. A simple example is: if there are many low-cost seats still available for an upcoming game, the sales team can send a customized email offer to local students. The results?

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

BizAcuity

FEBRUARY 15, 2019

Sales Analytics in simple terms can be defined as the process used to identify, understand, predict and model sales trends and sales results and in this process of understanding of these trends helps its users in finding improvement points. Sales Analytics in Event Industry – A Perspective View.

Sales 67

Sales Analytics B2B ROI 67

David Menninger's Analyst Perspectives

OCTOBER 30, 2024

Supply chain management is also an area where ISG Research finds a high propensity for enterprises to spend on AI, coming in second behind sales performance management in terms of an average acceptable price per seat increase. The quality, quantity and ease of use of the data needed to train models is a determining factor.

Management 130

Management IT Sales Manufacturing 130

Smart Data Collective

AUGUST 29, 2022

Predictive analytics. Predictive analytics uses historical data to predict future trends and models , determine relationships, identify patterns, find associations, and more. ” Although most BI tools have out-of-the-box solutions for predictive analytics, there are prerequisites and limitations.

Analytics 132

Analytics Machine Learning Predictive Analytics Insurance 132

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 64

Modeling Predictive Analytics Predictive Modeling IT 64

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.

Forecasting 126

Forecasting Predictive Analytics Machine Learning Data-driven 126

CIO Business Intelligence

NOVEMBER 14, 2022

A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more. Model-driven DSS.

Data mining 144

Data mining Data-driven Statistics OLAP 144

Smart Data Collective

JUNE 16, 2022

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives. Having effective tools is vital to the organization’s success.

Business Analytics 135

Business Analytics Analytics Forecasting Business Analysis 135

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

The difference is in using advanced modeling and data management to make faster scenario planning possible, driven by actionable key performance measures that enable faster, well-informed decision cycles. A major practical benefit of using AI is putting predictive analytics within easy reach of any organization.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

Smart Data Collective

NOVEMBER 25, 2019

Some of these new tools use AI to predict events more accurately by employing predictive analytics to identify subtle relationships between even seemingly unrelated variables. Predictive analytics is the use of data and AI-powered algorithms to help analysts forecast the future and better predict business outcomes.

Business Intelligence 132

Business Intelligence Predictive Analytics Data Collection Internet of Things 132

CIO Business Intelligence

MARCH 30, 2022

became CIO in 2020, he and his leadership team defined a new digital strategy and IT operating model to bring the full force of digital technologies to the company’s customers and employees. This model gives our clients greater access to the full scope of our expertise and allows us to be more responsive to client needs. Yes, we have.

Modeling 98

Modeling IT IoT Internet of Things 98

CIO Business Intelligence

JULY 5, 2022

Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What are the benefits of business analytics? What is the difference between business analytics and business intelligence? This is the purview of BI.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

DataRobot Blog

NOVEMBER 8, 2022

In a world that is increasingly outcome-focused and platform-based, we have integrated strategy and predictive analytics to move at the speed of our clients’ decisions and established a scalable framework for uncovering and acting on insights in an organized, simple, and transparent operating model. Request a demo.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

Cloudera

FEBRUARY 8, 2021

This blog series follows the manufacturing, operations and sales data for a connected vehicle manufacturer as the data goes through stages and transformations typically experienced in a large manufacturing company on the leading edge of current technology. This is part 2 in this blog series. STEP 2: Combine the data.

Manufacturing 118

Manufacturing Data Warehouse Sales Predictive Analytics 118

CIO Business Intelligence

APRIL 21, 2022

Some CDPs rely on a sales team to set up demonstrations and then create a price. Pricing is through the sales team, based on the number of customers, the number of marketing messages, and the size of the backend product collection. Pricing is available from the sales team. Pricing is available from the sales team.

Sales 145

Sales Marketing Dashboards Advertising 145

Smart Data Collective

OCTOBER 31, 2021

The good news is that highly advanced predictive analytics and other data analytics algorithms can assist with all of these aspects of the design process. Analytics technology can help in a number of ways. Analytics is Crucial to the Future of E-Commerce. This is a crucial step when launching an online store.

Analytics 133

Analytics Data mining Analytics Technologies Predictive Analytics 133