Remove Statistics Remove Uncertainty Remove Visualization
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Why HR professionals struggle with big data

CIO Business Intelligence

In addition, they can use statistical methods, algorithms and machine learning to more easily establish correlations and patterns, and thus make predictions about future developments and scenarios. A central measure here is the definition and visualization of control and monitoring key figures.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. Commonly used models include: Statistical models. They emphasize access to and manipulation of a model.

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Huabao sniffs out the ultimate efficiency formula

CIO Business Intelligence

Without visualized analytics, it was difficult to bridge the void between expectation and accurate analysis. The objectives were lofty: integrated, scalable, and replicable enterprise management; streamlined business processes; and visualized risk control, among other aims, all fully integrating finance, logistics, production, and sales.

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Quantitative and Qualitative Data: A Vital Combination

Sisense

Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. All descriptive statistics can be calculated using quantitative data. Digging into quantitative data. This is quantitative data.

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Hackers beware: Bootstrap sampling may be harmful

Data Science and Beyond

Bootstrap sampling techniques are very appealing, as they don’t require knowing much about statistics and opaque formulas. Instead, all one needs to do is resample the given data many times, and calculate the desired statistics. Don’t compare confidence intervals visually. Pitfall #1: Inaccurate confidence intervals.

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Turn Up the Signal; Turn Off the Noise

Perceptual Edge

This certainly applies to data visualization, which unfortunately lends itself to a great deal of noise if we’re not careful and skilled. Every choice that we make when creating a data visualization seeks to optimize the signal-to-noise ratio. No accurate item of data, in and of itself, always qualifies either as a signal or noise.

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Belcorp reimagines R&D with AI

CIO Business Intelligence

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As To address the challenges, the company has leveraged a combination of computer vision, neural networks, NLP, and fuzzy logic.