Advanced analytics
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The document discusses how companies can make advanced analytics work for them using big data. It recommends that companies identify trustworthy sources to collect data, develop capabilities to build advanced analytics models to predict and optimize outcomes from the collected data. It also stresses that companies must help decision makers understand how data insights align with business processes and decision-making norms so they can be implemented smoothly to provide a competitive edge over others and increase profits.
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Making advanced analytics work for you
Big data and analytics is becoming increasingly important for corporations. Many top companies like Google and Amazon use business models fueled by big data to gain a competitive advantage. Research also shows companies that effectively use big data have productivity and profitability rates 5-6% higher than peers. However, some leaders are still cautious about using big data, due to inability to fully utilize existing analytics programs or prior experiences not meeting expectations. To successfully use big data, organizations need three key capabilities: collecting and managing multiple data sources, building advanced analytics models, and transforming the organization so data and models can improve decision making.
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Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
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Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar KanvariaExecutive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
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Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityAkanksha trivedi rama nursing college kanpur.
Natural birth techniques are various type such as/ water birth , alexender method, hypnosis, bradley method, lamaze method etcThe simplified electron and muon model, Oscillating Spacetime: The Foundation...
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS Template 2023-2024 by: Irene S. Rueco
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
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This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.Recently uploaded (20)
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Advanced analytics
- 1. MAKING ADVANCED ANALYTICS WORK FOR YOU BY DOMINIC BARTON AND DAVID COURT
- 2. BIG DATA AND ANALYTICS IS A MUCH NEEDED HYPE:- YOU CAN’T JUST DO WITHOUT THEM. BIG GUNS LIKE GOOGLE, AMAZON HAVE OUTSMARTED MANY ON THIS FRONT
- 3. Overview Big data could transform the way companies do business, delivering performance gains. This article helps you how to get the strategy suited to your needs? It also explore the supportive capabilities that are required to fully exploit the data and analytics
- 4. KEY INSIGHTS
- 5. Big data could transform the way companies do business and deliver the performance gains. Companies must have/hire the capability to collect and process the data. Sources of data should be identified properly and collection of data must be done through trustworthy sources. Moreover, firms should have the capability/machinery to build advanced analytics models for predicting and optimizing outcomes from the collected data. INSIGHT 1
- 6. HAVE A PASSIONATE LOVE AFFAIR WITH YOUR DATA & DON’T HESITATE TO SPEND ON IT
- 7. HAVE TRUSTWORTHY SOURCES OTHERWISE BAD DATA COULD HURT YOU REAL BAD
- 8. Need to change the mindset towards big data analytics. Once you have the insights from the big data, you’ll have to make the decision makers of your firm to understand the business usage of your data analysis. It should be in-line of company’s processes guidelines and decision-making norms, so that it can be implemented without any hassle. INSIGHT 2
- 9. UNDERSTANDING THE BUSINESS USAGE OF INSIGHTS
- 10. SELL THE PROFITABILITY OF YOUR DATA INSIGHTS Big Data Analytics has helped companies to increase their profit pie by more than 6% as compared to the peers
- 12. ENJOY A COMPETITIVE EDGE OVER YOUR COMPETITORS
- 13. WITH DATA INSIGHTS IN-LINE TO YOUR BUSINESS, DECISION MAKING IS CAKE WALK
- 14. Prakash Raj Ramjas College Delhi University Project under Prof. Sameer Mathur IIM Lucknow