September 22, 2023
Via: CMSWireWhen 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
Via: DATAVERSITYIn 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
Via: DATAVERSITYGartner 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 […]
BI Categories, Business Analysis
April 19, 2023
Via: DATAVERSITYIn 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
Via: DATAVERSITYIn 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 […]
BI Categories, Business Analysis
March 9, 2023
Via: CMSWireThe 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
Via: InfoWorldI’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 […]
BI Categories, Business Analysis, Software & Systems
February 16, 2023
Via: DATAVERSITYPredictive 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 […]
BI Categories, Business Analysis
February 10, 2023
Via: CIOPredictive 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
Via: DATAVERSITYData 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
Via: DATAVERSITYThe 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
Via: DATAVERSITYData 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 […]
BI Categories, Business Analysis
September 26, 2022
Via: DATAVERSITYTypical 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
Via: DATAVERSITYData 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
Via: DATAVERSITYIf 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
Via: DATAVERSITYIn 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
Via: DATAVERSITYAs 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
Via: DATAVERSITYToday’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
Via: DATAVERSITYData 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
Via: CIOThere 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 […]