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What is data analytics? Analyzing and managing data for decisions

CIO

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics methods and techniques.

Analytics 334
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Express Cloudera POV on 2021 data trends in insurance

Cloudera

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105
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Combating Fraud in Insurance with Data

Cloudera

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

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Business intelligence and analytics firm Pyramid Analytics raises $100M

TechCrunch

By handling large amounts of data to analyze and benchmark lines of business, BI promises to help identify, develop, and otherwise create new revenue opportunities. Pervasive BI remains elusive, but statistics on the category reveal that about a third of employees use BI tools for analytics to inform strategy.

Analytics 215
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Making the Best of a New Winning Relationship – Robotic Process Automation & Business Process Management

Newgen Software

As a next step, BPM platform introduces the heavy artillery in the form of digital tools ranging from business analytics software to web forms, to data mining to collaborative work tools that will facilitate successful completion of business processes.

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7 famous analytics and AI disasters

CIO

According to CIO’s State of the CIO 2022 report, 35% of IT leaders say that data and business analytics will drive the most IT investment at their organization this year. And 20% of IT leaders say machine learning/artificial intelligence will drive the most IT investment.

Analytics 363
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Technology Trends for 2023

O'Reilly Media - Ideas

Content about software development was the most widely used (31% of all usage in 2022), which includes software architecture and programming languages. Software development is followed by IT operations (18%), which includes cloud, and by data (17%), which includes machine learning and artificial intelligence.

Trends 134