The finance industry generates a huge amount of data. Did you know big data in finance refers to the petabytes of structured and unstructured information that helps anticipate customer behaviors and create strategies that support banks and financial institutions? The structured information managed within an organization enables providing key…

Big data in human resource management refers to the use of several data sources to evaluate and improve practices including recruitment, training and development, performance, compensation, and end-to-end business performance.

It has attracted the attention of human resource professionals who can analyze huge amounts of data to answer important…

Visit the KDNuggets.com Statistics page and download a free outlier analysis boxplot template from the Topics section. Boxplot analysis can solve business analysis problems. This free…

There's nothing constant in our lives but change. Over the years, we’ve seen how businesses have become more modern, adopting the latest technology to boost productivity and increase the return on investment. 

Data analytics, big data,…

Predictive analytics tools are a key asset in detecting natural disasters. With higher accuracy than other weather detection sensors, they can detect early signs of an oncoming calamity to prevent mistakes like the one that happened in 2016.…

Big data analytics are used in the tremendously big, varied data groups that include organized and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining…

How accurate is predictive analytics? Is it worth using for my business? How can forecasting and prediction help me in such an uncertain environment? These are all valid questions and they are they are questions your business (and your fellow business owners) must grapple with to understand the value of planning and analytical tools.

While predictive…

Big data analytics are used in the quite classy analytic techniques on tremendously big varied data groups that include organized, and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining to a massive…

The Healthcare sector is one sector that is always in demand. Lately, the rate and necessity of patient responsibility and innovative medicines have developed. With the growth in such requirements, the latest technologies have been adopted in the industry. One such significant development that had to take place is the application of Big Data and…

Introduction

Data science is driving the industry crazy. It is trending everywhere. Everyone is talking about data science. Whether it’s data science in the industry or data science as a career. Over time, it has become like a superhero! Along with this, we all have frequently heard…

Business intelligence has the potential to help small businesses, crisis management experts, or also business administrators evaluate and appreciate investment opportunities simply and straightforwardly. Furthermore, research is used in the placement of goods in the industry. In reality, knowledge management's value cannot be comparable to that of any…

When everyone has access data analytics, they have the context to make the best decisions for their team, their department, and the company – in real time.

Facilitating decision making throughout the enterprise starts with commitment from the top

Many…

Telecommunications customer service teams have long been tasked with multiple roles – delivering superior experiences, being savvy with multiple tools, working with bots or assisted automatons, and curating omnichannel interactions to name a few. They are also responsible for ensuring that customers complete payments and clear their dues on…

Not one or two, but more than enough studies have shown that for businesses to succeed, insights are vital. Insights about customer behavior, market trends, operations, and so much more — the point is that insight is essential. Now, how do you gain these insights then? Data — tons and tons of it — and a technology to help you make sense of it.…

We exist in a world where data is everywhere, not just data but an augmented data. Digging through this data is challenging but enforceable with the right tools. Today, a Business intelligence app makes business goes thrive. There are numerous advantages of business intelligence, and companies are utilizing it more effectively. If your business didn't feel…

Perhaps most organizations already know what to do with the data gathered. The data is used to make better decisions at work, right? But do you have all the skills needed to parse swaths of data thrown at you?

Well, you might not need to do the digging all by yourself, but you do need to know how to correctly interpret the analysis created by your data…

Big data analytics is concerned with examining data to uncover correlations, hidden patterns, customer preferences and market trends that can enhance decision-making. People are advancing the data science careers to become data analysts and…

In many cases, for an enterprise to build its digital business technology platform, it must modernize its traditional data and analytics architecture. A modern data and analytics platform should be built on a services-based principles and architecture.…

We live in an information age where the world of almost every organization revolves around data. Big Data is a field that has been working on the swaths of consumer data for driving valuable outputs. 

This is when companies are…

Embedded analytics allow users to integrate business intelligence and its processes into another software application.

Embedded real-time reports and dashboards allow end customers to cheque the data saved in the product…