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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. These predictive models can be used by enterprise marketers to more effectively develop predictions of future user behaviors based on the sourced historical data.

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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade.

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What is data analytics? Analyzing and managing data for decisions

CIO

In business analytics, this is the purview of business intelligence (BI). Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. In business, predictive analytics uses machine learning, business rules, and algorithms.

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Epicor announces Grow portfolio to weave AI into ERP

CIO

ERP vendor Epicor is introducing integrated artificial intelligence (AI) and business intelligence (BI) capabilities it calls the Grow portfolio. And we’re empowering users with a rich, industry-centric data platform and no-code tools to create purpose-built data pipelines to help solve specific challenges.”

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Impressive Ways that AI Improves Business Analytics Insights

Smart Data Collective

In addition, several enterprises are using AI-enabled programs to get business analytics insights from volumes of complex data coming from various sources. AI is undoubtedly a gamechanger for business intelligence. AI and machine learning. As you can see from the above example, businesses today are data-centric.

Business 350
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Sport analytics leverage AI and ML to improve the game

CIO

In the years since author Michael Lewis popularized sabermetrics in his 2003 book, Moneyball: The Art of Winning an Unfair Game , sports analytics has evolved considerably beyond baseball. Computer vision, AI, and machine learning (ML) all now play a role.

Sports 444
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What are decision support systems? Sifting data for better business decisions

CIO

Decision support systems vs. business intelligence DSS and business intelligence (BI) are often conflated. Decision support systems are generally recognized as one element of business intelligence systems, along with data warehousing and data mining. Some experts consider BI a successor to DSS.