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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.

Analytics 324
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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.

Budget 363
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ChatGPT: le nuove sfide della strategia sui dati nell’era dell’IA generativa

CIO

Le aziende italiane investono in infrastrutture, software e servizi per la gestione e l’analisi dei dati (+18% nel 2023, pari a 2,85 miliardi di euro, secondo l’Osservatorio Big Data & Business Analytics della School of Management del Politecnico di Milano), ma quante sono giunte alla data maturity?

ChatGPT 130
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Data Science on Steroids: Productionised Machine Learning as a Value Driver for Business

OpenCredo

Machine Learning, alongside a mature Data Science, will help to bring IT and business closer together. By leveraging data for actionable insights, IT will increasingly drive business value. Stop the press, the world doesn’t revolve around software delivery! The Role of Data.

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Data Lake Explained: A Comprehensive Guide to Its Architecture and Use Cases

Altexsoft

In 2010, a transformative concept took root in the realm of data storage and analytics — a data lake. The term was coined by James Dixon , Back-End Java, Data, and Business Intelligence Engineer, and it started a new era in how organizations could store, manage, and analyze their data.

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Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

Leading executives focus on building resilient and intelligent supply chains that can withstand the turmoil due to data-based proactive decisions. Obviously, it’s all about collecting data from various sources, both external and internal which is possible with specialized technologies.

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Supply Chain Analytics: Opportunities in Data Analysis and Business Intelligence

Altexsoft

These challenges can be addressed by intelligent management supported by data analytics and business intelligence (BI) that allow for getting insights from available data and making data-informed decisions to support company development. Supply chain management process.