Posts Tagged ‘Predictive analytics’
Knowledge Management in a Data-Driven World
Technologies that enable knowledge management cover a plethora of functions that affect all parts of our lives, at home and at work. From customer experience to governance and compliance, knowledge management supports data-driven decisions. KM World brought this topic to us in their article, “The expanding world of knowledge management.” Technologies like content management and search have…
Read MoreAnalytics to the Rescue
Predictive analytics is the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. The goal is to go beyond knowing what has happened to providing a best assessment of what will happen in the future. Business 2 Community brought this topic to our attention in their…
Read MoreAnalytics in Collaboration
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 MoreThe Power of Data Analytics
Big data is everywhere these days. What really delivers value from big data is the analytics applied to the data. Without analytics, which involves examining the data to discover patterns, correlations, insights, and trends, the data is just a bunch of ones and zeros with limited business use. To answer the age old question, “what’s…
Read MoreThe Power of Analytics
Data analytics are finding their value in every type of organization and line of business, even education. Universities are improving their data analytics programs using real-time dashboards. These gather and update student data profiles using multiple data points– from financial information to academic performance — to help advisers and faculty provide better support to students. This interesting topic came…
Read MoreLooking Ahead is a Profitable Market
The prescriptive analytics market accounted for $1.2 billion (USD) during the forecast period of 2017 to 2024. Prescriptive analytics is the area of business analytics dedicated to finding the best course of action for a given situation. Call it the magic eight ball of technology. Digital Journal brought this interesting topic to us in their article,…
Read MoreMachine Learning Works on Predictions
A new machine-learning tool from an artificial intelligence (AI) startup used 30,000 Wikipedia entries to create a model that allowed it to identify the characteristics that make a scientist noteworthy enough for encyclopedic inclusion. It mined the academic search-engine Semantic Scholar to identify 200,000 scholars in a variety of fields. To complete the process, it…
Read MoreThe Fascination of AI
Artificial intelligence (AI) is creeping its way into more and more conversations. Other terms have started to join them, which begs the question – What’s the difference between AI, machine learning, and deep learning? This very interesting topic came to us from Predictive Analytics Times in the article, “Deep Learning vs. Machine Learning: A Data Scientist’s…
Read MoreForecasting with Data
Everyone wants to know about the future – what to expect, how to act and most importantly, how to prepare. Prescriptive analytics involves finding the best course of action for a given situation. Similar to its cousins, descriptive analytics and predictive analytics that gathers historical facts and then encompasses a variety of statistical techniques that…
Read MoreAI in HR
The job market is as competitive as it has ever been. This is exacerbated by long-term low unemployment and a service economy that places a premium on talent and performance. Finding candidates who aren’t simply qualified for open positions but are motivated, can be very challenging. Benefit News brought this interesting information to our attention in…
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