ElegantJ BI

DECEMBER 5, 2022

Predictive Algorithms CAN Be Easy for Business Users. When a business or a manager is trying to illustrate the value of augmented analytics to its business users, there is nothing more helpful than providing examples. Business users are often daunted by the titles and perceived complexity of the predictive analytics algorithms.

Predictive Analytics 130

Predictive Analytics Logistics Planning 130

BizAcuity

JANUARY 18, 2023

ML algorithms identify patterns in customer behavior which could point to money laundering activities, monitor customer behavior for any sudden changes in spending patterns, any suspicious account activities, and other potential indicators of fraud. Predictive Analytics. Predictive modeling for flagging suspicious activity.

Predictive Analytics 130

Predictive Analytics Monitoring Banking Documentation 130

Analysts Corner

MARCH 7, 2023

Machine learning and data science are two critical components of business analytics. In this article, we will explore what machine learning and data science are, and how they are used in the context of business analytics. Supervised learning involves training a model using labeled data, where the inputs and outputs are known.

Supply Chain 130

Supply Chain Artificial Intelligence Data Visualization Logistics 130

Smart Data Collective

SEPTEMBER 16, 2020

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.

Predictive Analytics 302

Predictive Analytics Pharmaceutical Artificial Intelligence Data Mining 302

Smart Data Collective

JANUARY 14, 2021

The best stock analysis software relies heavily on new machine learning algorithms. A lot of experts have talked about the benefits of using predictive analytics technology to forecast the future prices of various financial assets , especially stocks. Unfortunately, these models only offer so much value in the real world.

Predictive Analytics 205

Predictive Analytics Big Data Data Analytics Data Analytics 205

Smart Data Collective

OCTOBER 8, 2021

Learn how genetic algorithms and machine learning can help hedge fund organizations manage a business. This article looks at how genetic algorithms (GA) and machine learning (ML) can help hedge fund organizations. Similarly, hedge funds often use modern machine learning and back-testing to analyze their quant models.

Finance 284

Finance Big Data 284

Smart Data Collective

MARCH 25, 2021

The predictive maintenance industry has a great impact on the life of equipment. According to data from the US Department of Energy, the savings generated by the application of this model reach up to 30% in maintenance costs, with a reduction of approximately 75% in downtime and up to 45% in downtime.

Artificial Intelligence 263

Artificial Intelligence Predictive Analytics Monitoring Digital 263

Analysts Corner

AUGUST 20, 2023

Leveraging Data, Statistics, and Probability in Business Analytics: A Modern Approach for Transforming Information into Actionable Insights In the age of information, businesses have access to more data than ever before. This prediction can guide inventory management, marketing efforts, and strategic planning.

Supply Chain 130

Supply Chain Retail Predictive Analytics Artificial Intelligence 130

Analysts Corner

MAY 22, 2023

Introduction Logistic regression, much like linear regression, stands as a fundamental method in predictive analytics. However, while linear regression is typically employed for predicting quantitative outputs, logistic regression shines in the realm of categorical predictions, primarily binary. The threshold at 0.5

Logistics 130

Logistics Predictive Analytics Healthcare Finance 130

Smart Data Collective

JULY 16, 2023

We mentioned that data analytics is vital to marketing , but it is affecting many other industries as well. The market for financial analytics was worth $8.2 The market for financial analytics was worth $8.2 Among these tools, quantitative models have emerged as one of the most effective solutions.

Data Analytics 177

Data Analytics Data Analytics Big Data Predictive Analytics 177

Smart Data Collective

OCTOBER 8, 2023

In such a murky pool, the application of data analytics emerges as an invaluable tool. This article delves into the profound impact data analytics can have on fast food legal cases. In the realm of legal affairs, data analytics can serve as a strategic ally. In each scenario, data analytics can provide critical assistance.

Data Analytics 236

Data Analytics Data Analytics Business Intelligence Business Intelligence 236

Smart Data Collective

FEBRUARY 9, 2022

Analytics technology has become an invaluable aspect of modern financial trading. This is one of the reasons that companies are projected to spend over $25 billion on financial analytics services by 2028. This is one of the reasons that companies are projected to spend over $25 billion on financial analytics services by 2028.

Visualization 331

Visualization Data Mining Planning Data Analytics 331

ElegantJ BI

JANUARY 18, 2022

Predictive Analytics That is Easy Enough for Any Business User! Predictive analytics may seem too complex for business users but with advanced technology like machine learning and features like assisted predictive modeling users can dive into the process without the skills of an IT professional or a data scientist.

Predictive Analytics 130

Predictive Analytics Planning 130

ElegantJ BI

JANUARY 18, 2022

Predictive Analytics That is Easy Enough for Any Business User! Predictive analytics may seem too complex for business users but with advanced technology like machine learning and features like assisted predictive modeling users can dive into the process without the skills of an IT professional or a data scientist.

Predictive Analytics 130

Predictive Analytics Planning 130

ElegantJ BI

JANUARY 18, 2022

Predictive Analytics That is Easy Enough for Any Business User! Predictive analytics may seem too complex for business users but with advanced technology like machine learning and features like assisted predictive modeling users can dive into the process without the skills of an IT professional or a data scientist.

Predictive Analytics 130

Predictive Analytics Planning 130

Smart Data Collective

NOVEMBER 1, 2020

Unlike supervised ML, we do not manage the unsupervised model. Unsupervised ML uses algorithms that draw conclusions on unlabeled datasets. As a result, unsupervised ML algorithms are more elaborate than supervised ones, since we have little to no information or the predicted outcomes.

Data Mining 332

Data Mining Visualization Artificial Intelligence Digital 332

Smart Data Collective

APRIL 10, 2020

Algorithmic bots have revolutionized customer facing services. Smart Sales Predictions. One-way artificial intelligence is changing the industry is by providing smarter sales predictions. These smart sales predictions utilize AI to secure your supply chain. AI is being implemented in systems across the eCommerce sector.

Artificial Intelligence 358

Artificial Intelligence Logistics Supply Chain Visualization 358

Smart Data Collective

MARCH 27, 2023

Unleash your analytical prowess in today’s most coveted professions – Data Science and Data Analytics! Companies are also investing heavily in data science initiatives, with an increasing number of corporations building out their own analytics teams to stay ahead of the curve.

Predictive Analytics 227

Predictive Analytics Big Data Data Analytics Data Analytics 227

ElegantJ BI

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’

Predictive Analytics 130

Predictive Analytics Planning Monitoring Business Intelligence 130

ElegantJ BI

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’

Predictive Analytics 130

Predictive Analytics Planning Monitoring Business Intelligence 130

ElegantJ BI

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Complete Set of Analytical Techniques. Access to Flexible, Intuitive Predictive Modeling.

Predictive Analytics 130

Predictive Analytics Planning Monitoring Business Intelligence 130

Smart Data Collective

JULY 24, 2023

Modern VMS can harness AI to automate routine tasks, analyze vendor performance, predict future outcomes, and assist in making strategic decisions. For instance, an AI-powered VMS could use machine learning algorithms to predict a vendor’s reliability based on historical data, aiding procurement professionals in decision making.

Procurement 217

Procurement Supply Chain Artificial Intelligence Predictive Analytics 217

Analysts Corner

OCTOBER 17, 2023

Data mining is the process of discovering patterns, trends, and relationships within large data sets using various algorithms, statistical analysis, and machine learning techniques. Regression: Regression is a statistical technique used to model the relationship between a dependent variable and one or more independent variables.

Data Mining 130

Data Mining Retail Healthcare Portfolio Management 130

Smart Data Collective

AUGUST 30, 2020

Predictive analytics is revolutionizing the future of cybersecurity. A growing number of digital security experts are using predictive analytics algorithms to improve their risk scoring models. The features of predictive analytics are becoming more important as online security risks worsen.

Predictive Analytics 272

Predictive Analytics E-Commerce Cybersecurity Planning 272

Smart Data Collective

DECEMBER 9, 2020

Data from these accidents is used to train machine learning algorithms to identify correlating risk factors with car accidents. The goal is to develop predictive analytics models that will be able to recommend changes to prevent such accidents from occurring in the first place.

Artificial Intelligence 352

Artificial Intelligence Government Predictive Analytics Monitoring 352

Smart Data Collective

JULY 16, 2023

billion on financial analytics last year. When it comes to predicting future price movements in the market, technical analysis emerges as the most powerful weapon at our disposal. As we pointed out in a previous article, you can even use data analytics to provide better Fibonacci retracements.

Big Data 190

Big Data Artificial Intelligence Innovation Banking 190

ElegantJ BI

AUGUST 5, 2022

Can Predictive Analytics Provide Accurate Results for My Business Without Burdening My Users? If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. What is Predictive Analytics?

Predictive Analytics 130

Predictive Analytics Artificial Intelligence 130

ElegantJ BI

AUGUST 5, 2022

Can Predictive Analytics Provide Accurate Results for My Business Without Burdening My Users? If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. What is Predictive Analytics?

Predictive Analytics 130

Predictive Analytics Artificial Intelligence 130

ElegantJ BI

AUGUST 5, 2022

Can Predictive Analytics Provide Accurate Results for My Business Without Burdening My Users? If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. What is Predictive Analytics?

Predictive Analytics 130

Predictive Analytics Artificial Intelligence 130

Analysts Corner

APRIL 19, 2024

Technologies like natural language processing models and AI-driven simulations exemplify GenAI’s capabilities, which can be particularly beneficial in a learning and development context by offering more dynamic and adaptive solutions. The results are then stored back in S3, queried via Amazon Athena, and visualized through Amazon QuickSight.

Artificial Intelligence 130

Artificial Intelligence Customer Experience Customer Experience Predictive Analytics 130

Smart Data Collective

SEPTEMBER 24, 2021

Machine learning programs can be trained on large sets of data, such as customer reviews and feedback, to identify patterns and make predictions about future behaviors. If we train a machine learning program on this data set, it will be able to predict whether or not someone is likely to leave positive reviews.

Artificial Intelligence 305

Artificial Intelligence Customer Experience Customer Experience Data Requirement 305

ElegantJ BI

JANUARY 24, 2019

Quite simply, it is the means by which your business can optimize resources, encourage collaboration and rapidly and dependably distribute data across the enterprise and use that data to predict, plan and achieve revenue goals. Take for example, the task of performing predictive analytics.

Predictive Analytics 130

Predictive Analytics Embedded Analytics Planning Visualization 130

ElegantJ BI

JANUARY 24, 2019

Quite simply, it is the means by which your business can optimize resources, encourage collaboration and rapidly and dependably distribute data across the enterprise and use that data to predict, plan and achieve revenue goals. Take for example, the task of performing predictive analytics.

Predictive Analytics 130

Predictive Analytics Embedded Analytics Planning Visualization 130

ElegantJ BI

JANUARY 24, 2019

Quite simply, it is the means by which your business can optimize resources, encourage collaboration and rapidly and dependably distribute data across the enterprise and use that data to predict, plan and achieve revenue goals. Take for example, the task of performing predictive analytics.

Predictive Analytics 130

Predictive Analytics Embedded Analytics Planning Visualization 130

ElegantJ BI

MARCH 23, 2020

Predictive Analytics for Business Users = Assisted Predictive Modeling! These types of decision-making can be particularly dangerous to your business when they are applied to predicting and forecasting. Original Post: Forecast and Plan with Confidence (and Predictive Analytics)!

Predictive Analytics 130

Predictive Analytics Planning 130

Analysts Corner

MAY 22, 2023

Introduction Predictive analytics stands as a cornerstone of modern data science, influencing decisions across industries — from finance to healthcare, from marketing to operations research. Simple linear regression In simple linear regression, we predict the response variable Y based on a single predictor variable X.

Predictive Analytics 130

Predictive Analytics Healthcare Finance Data Analytics 130

Smart Data Collective

NOVEMBER 14, 2019

They have refined their data decision-making approaches to include new predictive analytics models to forecast trends and adapt to evolving customer behavior. They have developed analytics models to address looming changes in the dynamic industry.

Predictive Analytics 197

Predictive Analytics Logistics Digital Big Data 197