December 1, 2023
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predictive analytics

Synchronized Video Data Collaboration for Multi-Layered Insights

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In this digital age, large amounts of data are produced and consumed every second. And particularly for experienced bloggers in the data management or IT industry, synchronized video data collaboration represents an untapped wellspring of potential. By harnessing this data revolution, businesses can gain multi-layered insights into consumer behavior and enhance organizational performance. The Undeniable…

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Fundamentals of Predictive Analytics

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Predictive analytics (PA) is a subfield of data analytics and business intelligence that deals with an in-depth analysis of past events and forecasts of future events. This specialized branch of data analytics combines the power of data mining, data modeling, artificial intelligence (AI), and machine learning (ML) to make probabilistic predictions of future events. Predictive analytics relies…

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Introducing the Data Analytics Fabric Concept

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Organizations all over the world – both profit and nonprofit – are looking at leveraging data analytics for improved business performance. Findings from a McKinsey survey indicate that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times more profitable [1]. Research by MIT found that digitally mature firms are 26%…

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Machine Learning Use Cases for Data Management

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In 2023, machine learning (ML) is a powerful enabler for Data Management, revolutionizing the way organizations handle and analyze vast amounts of data. ML, a subset of artificial intelligence (AI), offers various approaches to tackle Data Management challenges. With the ever-increasing “volume, velocity, and variety of data” being generated today, traditional methods of Data Management have become…

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How Data Pros Can Help Build The Future Of Customer Experience Insights

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Join us at Forrester’s Data Strategy & Insights event to learn about how customer experience and data professionals can work more closely to ensure that they collectively provide the analytics and insights their organizations need to improve experiences. Go to Source Author: Rich Saunders

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Predictive Analytics Use Cases for Citizen Data Scientists

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Gartner technology analysts predict that organizations leveraging augmented analytics solutions will grow at twice the rate of those that do not use these solutions. Those organizations that provide self-serve augmented analytics to their business users can achieve market goals and stay abreast of the competition with fact-based decision-making and a team that leverages analytics daily to make those…

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ThoughtSpot Acquires Mode Analytics, Goes After Data Pros

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In the recently published report, The Forrester Wave™: Augmented Business Intelligence Platforms, Q2 2023, we wrote that “ThoughtSpot’s continued focus on conversational user experience (UX) is no longer differentiating.” ThoughtSpot’s announced acquisition of Mode Analytics on June 26 is perhaps a means for ThoughtSpot to grow beyond its historical business user-focused strength in UX. Mode…

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Key Findings From Forrester’s Latest BI Research, Including The Forrester Wave™: Augmented Business Intelligence Platforms, Q2 2023

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Enterprise business intelligence (BI) continues to be the last mile to insights-driven business capabilities. No matter what technology foundation you’re using — a data lake, a data warehouse, data fabric, data mesh, etc. — BI applications are where business users consume data and turn it into actionable insights and decisions. The BI market has thrived…

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