Tag: predictive analytics

September 22, 2023

When ChatGPT stormed into our lives in 2022, sales and marketing pros recognized it as a tool to make work more efficient, lowering expenses, time and effort across multiple tasks related to their jobs. They were about to discover generative […]

August 31, 2023

In 2023, machine learning (ML) is a powerful enabler for Data Management, revolutionizing the way organizations handle and analyze vast amounts of data. ML, a subset of artificial intelligence (AI), offers various approaches to tackle Data Management challenges. With the […]

July 28, 2023

Gartner technology analysts predict that organizations leveraging augmented analytics solutions will grow at twice the rate of those that do not use these solutions. Those organizations that provide self-serve augmented analytics to their business users can achieve market goals and […]

April 19, 2023

In 2023, organizations that switch to advanced analytics will be better positioned to leverage new opportunities in their respective industries. Increasingly, with the use of automated data analytics, companies are turning to analytics systems and advanced analytics use cases for […]

April 6, 2023

In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the “Cyclopædia of Commercial and Business Anecdotes.” He used it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before […]

March 9, 2023

The term predictive analytics refers to the use of data, statistical algorithms, and AI and machine learning to provide the best assessment of future outcomes, trends, behaviors and events based on historical customer data. Brands often use predictive analytics to […]

March 3, 2023

I’m noticing a pattern in my work with young and old cloud architects. Well-known cloud scaling techniques used years ago are rarely used today. Yes, I understand why, being it’s 2023 and not 1993, but cloud architect silverbacks still know […]

February 16, 2023

Predictive analytics and machine learning are extremely powerful tools used to predict future outcomes from large amounts of data. They help businesses gain insights, improve efficiency, and make informed decisions. With the big data space estimated to reach a value […]

February 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. The science of predictive analytics can generate future […]

December 14, 2022

Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make […]

November 14, 2022

The COVID-19 pandemic accelerated organizations’ digital transformation efforts, regardless of whether they were ready for it or not. Now, as businesses have adjusted their plans to factor in the ongoing effects of the pandemic, digital transformation has become not just […]

October 19, 2022

Data and analytics are particularly critical to today’s businesses because they improve strategic decision-making. Analytics solutions and use cases provide customers with added value in health care, retail, higher education, manufacturing, and other industries that capture a lot of valuable […]

September 26, 2022

Typical business intelligence implementations allow business users to easily consume data specific to their goals and daily tasks. The ability to analyze both past and present events unlocks information about the current state and is essential for remaining competitive in […]

September 8, 2022

Data Science is a broad field with many potential applications. It’s not just about analyzing data and modeling algorithms, but it also reinvents the way businesses operate and how different departments interact. Data scientists solve complex problems every day, leveraging […]

August 29, 2022

If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. The technology research firm Gartner states that “by 2025, 50% of data scientist activities will be automated by artificial intelligence, […]

August 11, 2022

In today’s world of unprecedented connectivity and advances in technology, the benefits of big data are accessible to even modestly scaled businesses. Indeed, business leaders who resist the shift to digital transformation do so at their own risk. But harnessing […]

August 8, 2022

As data science and AI technologies become more integrated into everyday business processes, more and more companies are seeing their tremendous benefits. But there are challenges with successfully deploying AI in a manner that drives measurable business outcomes. I wanted […]

August 4, 2022

Today’s business environment is inherently data-driven. Businesses need data to stay competitive and grow their market presence – data is regarded as the “currency” of the modern world and the key to the future. Data analytics, in turn, is the […]

July 21, 2022

Data analytics in businesses help uncover competitive intelligence, actionable insights and trends. Different types of analytics enable businesses to gain an edge over their competitors. In the “data first” era, data-driven insights and decisions have become the key drivers of […]

June 29, 2022

There is growing belief that businesses are set to spend huge amounts of money on predictive analytics. While in 2021, the global market for corporate predictive analytics was worth $10 billion, it is forecast to balloon to $28 billion by […]