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Predictive Analytics: Not Just for Blue Sky Projects, But can Successfully Impact Daily Business Problems Too
Predictive Analytics is the combination of big data, analytics and forecasting algorithms. The algorithms make predictions based on models that use real-time, historical and third-party information. The predictions help businesses more accurately plan for business conditions, consumer sentiment, and market…
Business Intelligence: Modern BI and Analytics Sector Growing 8 Times Faster Than Total BI Market
The worldwide Business Intelligence and Analytics software market will grow to $18.3 billion in 2016, an increase of 7.3 percent from 2016, according to Gartner. By 2020, it is expected to reach $22.8 billion. It’s the piece within the BI market…
Big Data Analytics (BDA): Analytics Capable of Enhancing and Optimizing Processes Across Many Industries
Big Data Analytics (BDA) is expected to reach more than $150 billion in global revenues in 2017, an increase of more than 12 percent compared to 2016, according to IDC. Dan Vesset, group vice president of analytics and information management at…
Compliance and Analytics: Businesses Need to Embrace and Support Analytics by Investing in Technology and Training
Even as businesses increasingly use data and analytics (D&A) within their organizations, a majority of executives at those same companies distrust the findings, according to a study by KPMG. 48 percent use D&A for finding new customers and 47 percent…
Business Intelligence (BI) and Analytics: Factors Driving the Huge Market Growth
The Business Intelligence (BI) and Analytics market is forecast to increase 7.3 percent this year compared to 2016 to $18.3 billion and reach $22.8 billion by 2020, according to a recent report by Gartner. Gartner has identified one sector of…