Posts Tagged ‘Predictive analytics’
Reading the Data
In the world of retail, POS (point of sale) is king. Using data and the predictive analytics it can provide is key to a successful retail adventure. This interesting topic came to us in their article, “How Can POS Data Analytics Help in Optimizing Operations?“ Predictive analytics is a branch of advanced analytics that makes…
Read MorePredictive Analytics and Shopping
Predictive analytics and artificial intelligence (AI) continue to impact our businesses and personal lives, mostly in a positive way. This interesting news came to us from Machine Learning Times in their article, “Walmart’s AI is Getting Smarter About Grocery Delivery.” The pandemic brought about a new demand – online grocery ordering, pickup and delivery. I…
Read MoreAnalytics and Trends
Data is undergoing a dramatic evolution. Businesses, governments and other organizations are unlocking value by turning everyday information into actionable insights. Analytics Insight brought this interesting information to our attention in their article, “Trust and Data Analytics: Protecting Privacy in Analysis.” Real-time analytics provides swift solutions to complex problems, enabling faster decision-making and accelerating investments…
Read MoreData Analytics in Visual
According to research, a vast majority (94%) of large enterprises say data visualization and analytics are critical to their business growth and digital transformation. However, another study estimates business intelligence and analytics adoption hovers around 30% of all employees and given that staff are making decisions daily in response to customers’ needs, it is a missed opportunity not to…
Read MoreTechnology’s Good Side
What is social good and how can technology make it happen? This interesting topic came to us from Machine Learning Times in their article, “How Machine Learning Works for Social Good.” Social good is something that benefits the largest number of people in the largest possible way, such as clean air, clean water, healthcare and…
Read MoreSecurity Insights
Predictive analytics is finding its niche in various applications across various industries. One of those is helping businesses identify security threats. Business Wire brought this interesting information to our attention in their article, “Predictive Analytics in Cybersecurity: How Does It Help Prevent a Data Breach.” The cybersecurity environment is shifting. Firms and government agencies are faced…
Read MoreLooking Deeper at Predictive Analytics
Predictive modeling and predictive analytics are terms used, often interchangeably, in big data. Predictive modeling uses regression models and statistics to predict the probability of outcomes and it can be applied to any unknown event. Predictive modeling is often used in the field of machine learning and artificial intelligence (AI). The model is chosen using detection theory to…
Read MoreUsing Predictive Analytics in Healthcare
Technology continues to improve many areas of our lives, including healthcare. Using emerging technologies such as artificial intelligence (AI) and predictive analytics, diagnostic efficiencies have improved significantly. Healthcare IT News brought this interesting information to our attention in their article, “SSM Health innovates kidney care with predictive analytics and machine learning.” Kidney disease is complex…
Read MoreGaining Intelligence from the Data
Construction projects can be highly complex and are not without possibilities of inefficiency and risks. These challenges can result in project costs and delays. Construction Dive brought this topic to our attention in their article, “How predictive AI will curb construction risk and improve decision-making.” Many engineering and construction organizations are exploring their automation options.…
Read MoreMarketing Strategy Takes New Approach
Marketing strategy is being responsive to the digital changes presented in creative and science-based ways. Digital Insurance brought us this interesting information in their article, “Predictive analytics powering insurance comparison marketing.” A small group of insurance carriers have turned showing their competitors’ ads on their own websites. Why, you ask? Due to advances in data…
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