Today, with the growing volumes and types of data, organizations are bound to use this data to produce valuable business insights to stay at the competitive edge. The advanced analytics capabilities and data driven approaches such as predictive modelling, data mining, text analytics, entity analytics, optimization, real-time scoring, machine learning, data streaming and much more are used to help organizations realize goals.
With the techniques like data mining, statistical algorithms, modelling, machine learning and artificial intelligence, Predictive Analytics identify the likelihood of future outcomes basis the historical and existing data lying in your data warehouse. Behavioural Analytics is important for finding why people behave the way they do when using e-commerce platforms, social media sites, online games, and any other web application. Using Behaviour Analytics platform that helps understand the interactions and dynamics between processes, machines and equipment which may yield new deductions about operational risks and opportunities.
A picture is worth a thousand or even millions of variables! Especially when you’re trying to find relationships or identify new patterns in your data. Regardless of industry or size, all types of businesses are using data visualization to help make sense of their data and identify areas that need attention or improvement. Infographics (a clipped compound of “information” and “graphics”) are graphic visual representations of information, data or knowledge intended to present information quickly and clearly.