article thumbnail

Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. The applications of predictive analytics are extensive and often require four key components to maintain effectiveness. Data Sourcing.

article thumbnail

Benefits of Automated Financial Analysis

Argon Digital

From budgeting, expense tracking, and account reconciliation, to risk management and compliance reporting, nearly every financial process can be automated to some degree. Practical Applications of Automated Analysis Advanced technologies are revolutionizing financial analysis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive into Predictive Analytics Models and Algorithms

Marutitech

You leave for work early, based on the rush-hour traffic you have encountered for the past years, is predictive analytics. Financial forecasting to predict the price of a commodity is a form of predictive analytics. Simply put, predictive analytics is predicting future events and behavior using old data.

article thumbnail

Top 10 Analytics And Business Intelligence Trends For 2020

Data Pine

Companies are no longer wondering if data visualizations improve analyses but what is the best way to tell each data-story. 2020 will be the year of data quality management and data discovery: clean and secure data combined with a simple and powerful presentation. 3) Artificial Intelligence.