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Some certifications in project management , governance, and architecture also attract big bonuses, with CGEIT (Certified in the Governance of Enterprise IT) pulling in a 14% pay premium, up 27% over the last six months, and TOGAF 9 Certified (The Open Group’s Enterprise Architecture Framework certification) attracting a 12%premium, up 9%.
However, another type of analytics, called “prescriptiveanalytics”, involves simulation tools that look towards the future with a view of many potential scenarios. Prescriptiveanalytics provides decision-makers with thousands of potential future scenarios. To capture the importance of sequencing of events. .
Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and riskmanagement. Predictive analytics, with the help of machine learning, keeps getting more accurate with the continuous inflow of data.
Data analysts leverage four key types of analytics in their work: Prescriptiveanalytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.
What are you seeing as the differences between a Chief Analytics Officer and the Chief Data Officer? Value Management or monetization. RiskManagement (most likely within context of governance). Product Management. Saul Judah is our main person focusing on D&A riskmanagement. Governance.
Artificial intelligence (AI)-enabled systems are driving a new era of business transformation, revolutionizing industries through prescriptiveanalytics, personalized customer experiences and process automation. Inclusive AI reduces bias, promoting fair access to services. AI systems are uniquely vulnerable to advanced cyberattacks.
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