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Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

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MRO spare parts optimization

IBM Big Data Hub

Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0 When assets lack criticality and priority assignments, there is a risk of accumulating unnecessary parts that might become obsolete on the shelves. Now, consider the just-in-case approach.

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Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

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Infor’s Velocity Summit Highlights Multiple Advances and Enhancements

David Menninger's Analyst Perspectives

Also center stage were Infor’s advances in artificial intelligence and process mining as well as its environmental, social and governance application and supply chain optimization enhancements. Optimize workflows by redesigning processes based on data-driven insights. It also offered a chatbot that utilized Amazon Lex.

Finance 130
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The Role Of Technology In A Changing Financial Services Sector Part II

Cloudera

One of the key takeaways from recent times that should be considered into the future, is that banks need to rethink how they look at tail risk or extreme events that rarely happen. . This is critically important for predicting risk exposures. Prescriptive analytics provides decision-makers with thousands of potential future scenarios.

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Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: Marketers also have access to several AI softwares to save time and optimize their work at every step of the funnel. Content writing, copywriting, video analytics and customer reinvestment, all have AI applications now.

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. SQL manages and retrieves data from databases, handling larger datasets.