IBM Watson Analytics sets powerful analytics capabilities free so practically anyone can use them. Automated data preparation, predictive analytics, reporting, dashboards, visualization and collaboration capabilities, enable you to take control of your own analysis. You can then take the appropriate action to address a problem or seize an opportunity, all without asking IT or a data expert for help.
3. What is Watson Analytics
IBM Watson Analytics sets powerful
analytics capabilities free so practically
anyone can use them. Automated data
preparation, predictive analytics, reporting,
dashboards, visualization and collaboration
capabilities, enable you to take control of
your own analysis. You can then take the
appropriate action to address a problem or
seize an opportunity, all without asking IT
or a data expert for help.
4. Why Watson Analytics
Analysts say only a small fraction of
business professionals use analytics tools as
part of their decision making today
primarily because the tools are - (i) too
complex, (ii) hard to access, and
(iii) require the skill set of a data scientist.
Reason is clear because these analytical
tools are not developed keeping business
users in mind but technical people to
develop customized solutions for end users.
5. Why Watson Analytics
“The purpose of Watson Analytics is to reinvent that
whole analytical experience and to help a
businessperson, not a specialist, but to help a
businessperson inform their decisions with better
information and better insight.
6. Why Watson Analytics
Watson Analytics also removes a lot of the barriers for
business professionals around usability, getting and
cleansing data, learning different analytical techniques
and the cost. WA uses natural language to make
interaction with powerful, predictive analytics easier
with the ability to understand key questions, such
as: What are the key drivers of my product sales?
Which benefits drive employee retention the most?
Which deals are most likely to close?
7. Key Innovation Features
These are the four WA key innovations that enable
business users to unlock the value of analytics at the
same time reduce the skills required to engage in
advanced analytic –
1 Self-service
2 Natural Language Dialogue
3 Single Business Analytics Experience
4 Stories
8. Self-Service
As a business user, you can be completely
self-enabled to conceive a need, to get the
data, to analyze it, and to communicate the
results all by yourself. Watson Analytics
features the use of predictive analytics to
surface key relevant facts and uncover
unforeseen patterns and relationships. This
process sparks new questions and better
insight, directing users to parts of their
business that matter most.
9. Natural Language Dialogue
Watson Analytics speaks the language of
business and people by enabling someone
to simply type in what they would like to
see. WA produces results that explain why
things happened and what's likely to
happen, all in familiar business terms. And
as business professionals interact with the
results, they can fine-tune questions to get
to the heart of the matter.
10. Single Business Analytics
Experience
Unlike today’s separate analytics tools
designed for different kinds of analysis and
data tasks, Watson Analytics is a seamless,
unified experience that brings together a set of
self-service enterprise data and analytics
capabilities on the cloud. Business
professionals identify their problem, and
Watson Analytics can help them source the
data, cleanse and refine it, discover insights,
predict outcomes, visualize results, create
reports or dashboards, and collaborate with
others.
11. Stories
The stories are like templates to start you off
on your analytics process. It could be things
like campaign management for a marketing
person; win-loss analysis for sales;
employer retention for HR. These are pre-
created examples that you can use just to
learn what you might do, or use as a
template for your own analysis if your
business problem is similar.
12. Business Case
There are three TEXTILE companies.
1 Being Human
Other two are
2 Printo
3 Style
There are 15 clients of each company.
This clients are same for every company.
By WATSON ANALYTICS we can compare this 3 companies in
respect to all fields of the data set.
13. Contains of data table
Industry
Client Type
Permanent
New Clients
Clients
Dens Suits Permanent Clients
Eastern Comp
Fashion Notes
Best Go
Aviator Ride
SamSun
Rio
Capssy
Kids Style
Stylo
Express Mastro
My Salfy
AntaZone
Jumbo Kids
Joys
Fabrics
Cotton
Wool
Silk
Jute
Synthetic
Total Expense
Total Supply(in lacs)
Power & Fuel Cost(in lacs)
Employee Cost(in lacs)
Selling and Admin Expenses(in lacs)
Other Manufacturing Expenses(in lacs)
Total income
Net Sales
Other Income
Stock Adjustments
Profit By Per Client
New Clients
21. Click on your data set, three options Exploration
, Prediction, View
22. Data , Data set & Data Quality
When you load data into IBM® Watson Analytics, it becomes
available for analysis as a data set.
Watson Analytics assesses your data set for interestingness
and quality. It then determines what you might want to analyze.
A data set is a collection of data from external sources that is in
the form of a table of rows and columns.
1. Adding a new data set
You can add data that is in a .csv or Microsoft Excel file. If a
Microsoft Excel file contains several worksheets, the first
worksheet is added as a data set.
2. Cleaning your data to improve its quality
IBM Watson Analytics can provide better predictions and
explorations if the quality of your data is high. If the quality of
your data is low, the accuracy of the analyses in your
explorations and predictions is less reliable. You can improve
the quality of your data.
3. Optimizing the quality and usage of your data
When a data set is loaded, IBM Watson Analytics reads the
data and assesses it for data quality. If the data quality score is
low, you can improve its quality and usage so that your
predictions and explorations are more accurate.
78. Conclusion
Watson Analytics is the software which is
provide many features with easy use.
Here in textile business by this analytics I
easily see and understand all the queries.
It shows relations b/w fields and also
shows the information which Is helpful for
future planning of business and as well as
profit.
Most wonderful that if ones you know about
it then in future you no need of any
specialist . you can do your work your self.