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Businessintelligence is an increasingly well-funded category in the software-as-a-service market. By handling large amounts of data to analyze and benchmark lines of business, BI promises to help identify, develop, and otherwise create new revenue opportunities.
More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In businessanalytics, this is the purview of businessintelligence (BI). Data analytics vs. businessanalytics.
To date, many of those appointments have been concentrated in the insurance, banking, media and entertainment, retail, and IT/technology verticals. They may also be responsible for data analytics and businessintelligence — the process of drawing valuable insights from data.
0xdata customers have built powerful domain specific predictive engines for Recommendations, Pricing and Outlier detection in Fraud & Insurance. The Datameer Analytics App Market provides pre-built analytic applications built by subject matter experts to jumpstart the process on common analytical tasks. The result?
The IC can get those insights by leveraging businessanalytics—already widely used in the corporate world—to transform the way it performs its mission. While the benefits of better IC businessanalytics are clear, so are the anticipated obstacles to adopting an enterprise-wide solution. That needs to change.
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