Smart Data Collective

OCTOBER 13, 2021

The study and analysis of data allows to improve the automation of processes, optimizing sales strategies and improving business efficiency. Prescriptive analytics. In forecasting future events. This type of analysis is primarily aimed at prescribing actions to be taken to address an anticipated future challenge.

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

FineReport

MARCH 2, 2021

Predictive analytics (answer what will happen in the future?) Prescriptive analytics (answer what are optimal next steps?). Take a look at the following chart example: We are naturally curious (1) why beer and ice cream sales increase as the temperature rises? And (2) how to deal with this growth trend next summer?

Reporting 98

Reporting Analytics Key Performance Indicator Prescriptive Analytics 98

Smarten

JULY 30, 2024

Prescriptive analytics for regression models combines predictive modeling and optimization techniques to produce actionable recommendations for decision-making. Prescriptive analytics for regression models combines predictive modeling and optimization techniques to produce actionable recommendations for decision-making.

Predictive Analytics 64

Predictive Analytics Prescriptive Analytics Predictive Modeling Analytics 64

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

Smart Data Collective

NOVEMBER 24, 2020

Prescriptive Analytics. BI software will gauge internal data on performance, sales and marketing, social media and other sources to build actionable recommendations for your business. This shows why self-service BI is on the rise. Using the information in making business predictions is not a new trend. Identify Opportunities.

Business Intelligence 134

Business Intelligence Visualization Dashboards Prescriptive Analytics 134

Smarten

AUGUST 8, 2017

Predictive analytics like this allows pushing of right products to e-commerce shoppers. In the world or predictive and prescriptive analytics on small data for big impact, one needs to work hard on acquiring the small data and ensuring its validity. Public data will allow one to get the regional demographics and the GDP.

Predictive Analytics 65

Predictive Analytics Analytics Prescriptive Analytics Sales 65

CIO Business Intelligence

FEBRUARY 16, 2023

Now, the team’s information architects, in conjunction with business analysts, are working on the semantic layer, which feeds data from data warehouses and data lakes into data marts, including a finance mart, sales mart, supply chain mart, and market mart.

Unstructured Data 105

Unstructured Data Data Lake Prescriptive Analytics Data Warehouse 105

IBM Big Data Hub

SEPTEMBER 19, 2023

Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations. An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Sisense

JUNE 30, 2020

Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. By switching to Sisense, they were able to offer all of this, doubling sales revenue at the same time.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

Jedox

JULY 31, 2018

Now, we will take a deeper look into AI, Machine learning and other trending technologies and the evolution of data analytics from descriptive to prescriptive. Analytic Evolution in Enterprise Performance Management. This is known as prescriptive analytics. Jedox GPU Accelerator. Stay tuned for more updates.

Technology 44

Technology Prescriptive Analytics Machine Learning Business Intelligence 44

Sisense

SEPTEMBER 12, 2019

With a goal of getting to the end of the chart with predictive and prescriptive analytics, you can ask questions like: Are we going to hit our targets by the end of the year? When working with customers we’ve found that a good place to start is with finance and sales data. Do you want to be more efficient?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Jet Global

OCTOBER 9, 2024

According to a recent Forbes article, “the prescriptive analytics software market is estimated to grow from approximately $415M in 2014 to $1.1B Because you can track what sources leads are coming in from, what sales team members are having the most success and even how much is spent on various campaigns.

Prescriptive Analytics 52

Prescriptive Analytics IoT Internet of Things Cost-Benefit 52

AWS Big Data

MARCH 26, 2024

reduction in sales cycle duration, 22.8% Pillar 1: Data collection As you start building your customer data platform, you have to collect data from various systems and touchpoints, such as your sales systems, customer support, web and social media, and data marketplaces. Organizations using C360 achieved 43.9%

Data Strategy 78

Data Strategy Strategy Data Warehouse Prescriptive Analytics 78

Smarten

JANUARY 18, 2023

Gartner defines a citizen data scientist as ‘a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics.’

Key Performance Indicator 52

Key Performance Indicator Prescriptive Analytics Business Objectives Measurement 52

Smarten

FEBRUARY 27, 2020

The goal of enabling Citizen Data Scientists is to optimize business decisions and the time of data scientists so that business users can confidently leverage advanced analytics tools to make decisions and data scientists can focus on more critical, strategic activities.

Analytics 52

Analytics Prescriptive Analytics Statistics Reporting 52

Sisense

OCTOBER 27, 2020

However, in order to truly digitally evolve, every company needs to start infusing data and analytics throughout the organization to streamline processes and decision-making. That’s where prescriptive analytics and assisted intelligence truly start changing how HR professionals do their jobs.

People Analytics 74

People Analytics Analytics Cost-Benefit Key Performance Indicator 74

Birst BI

OCTOBER 30, 2018

The biggest competitive gains in financial services companies are realized when the solution is deployed to every employee to whom the predictive analytics could be useful. Often, that means deploying the solution to every customer service agent and every sales representative in a company.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

FineReport

MARCH 24, 2024

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. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Sales 52

Sisense

JULY 22, 2020

With our API-driven platform and approach, we can bring analytics to the salesperson that spends their entire day in whatever sales platform or CRM (customer relationship management) platform they use, and for someone like me that’s always on the go, send it to my cellphone.

Prescriptive Analytics 52

Prescriptive Analytics Dashboards Statistics Data-driven 52

Andrew White

JANUARY 11, 2021

On end user clients calls, are you hearing a greater focus on use cases and greater need for prescriptive analytics, ex marketing analytics, sales analytics, healthcare, etc. Yes, prescriptive and predictive analytics remain very popular with clients. Thanks for the overview Andrew.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smarten

JUNE 2, 2017

We know that by designing self-learning programs, we are in a position to provide prescriptive analytics. Some prescriptive analytics based on known parameters were always a part of ERP or BI offering. CEO will ask, “What caused the sales drop last month?” We respond using SMARTEN !

Business Intelligence 40

Business Intelligence Visualization Prescriptive Analytics Predictive Analytics 40

Jet Global

MAY 1, 2023

Net sales of $386 billion in 2021 200 million Amazon Prime members worldwide Salesforce As the leader in sales tracking, Salesforce takes great advantage of the latest and greatest in analytics. Salesforce monitors the activity of a prospect through the sales funnel, from opportunity to lead to customer.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

CIO Business Intelligence

DECEMBER 19, 2024

As organizations struggle with the increasing volume, velocity, and complexity of data, having a comprehensive analytics and BI platform offers real solutions that address key challenges, such as data management and governance, predictive and prescriptive analytics, and democratization of insights. Heres how they did it.

Sales 122

Sales Analytics Key Performance Indicator Prescriptive Analytics 122

CIO Business Intelligence

FEBRUARY 13, 2025

Artificial intelligence (AI)-enabled systems are driving a new era of business transformation, revolutionizing industries through prescriptive analytics, personalized customer experiences and process automation. Recommendation engines personalize shopping experiences, boosting sales. Regulatory compliance.

Risk 116

Risk Data-driven Finance Risk Management 116