{"id":4637,"date":"2021-04-16T19:39:01","date_gmt":"2021-04-16T19:39:01","guid":{"rendered":"https:\/\/enterprisemindfactory.com\/?page_id=4637"},"modified":"2022-07-25T20:27:45","modified_gmt":"2022-07-25T20:27:45","slug":"analytics","status":"publish","type":"page","link":"https:\/\/enterprisemindfactory.com\/?page_id=4637&lang=en","title":{"rendered":"Analytics"},"content":{"rendered":"
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Business Analytics<\/h3>
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Analytics can be used to develop intelligent, self-learning systems based on Big Data that can recognize patterns, predict events, and suggest actions. Through cognitive capabilities, also called artificial intelligence, actions are not programmed but learned by machine. For example, a recommender system can use past data and patterns to make suggestions to customers that are tailored to their needs and circumstances, thereby increasing the attractiveness of the service.<\/p>\n

Meanwhile, there are a variety of use cases of such systems such as.<\/p>\n

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  • Fraud detection: detection of irregularities in business transactions and transcation<\/li>\n
  • Smart metering: Enables intelligent network and resource control<\/li>\n
  • Smart Billing: Building flexible billing systems<\/li>\n
  • Predective Maintenance : Reduction of machine and equipment downtime<\/li>\n
  • …<\/li>\n<\/ul>\n

    These use cases are leading to new disruptive, data-driven business models and services and are changing the business and working world on an enormous scale. This is because companies can generate significant competitive advantages through Big Data Analytics by<\/p>\n

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    • Improve decision making<\/li>\n
    • Optimize business processes and increase profitability<\/li>\n
    • Provide better and individual service to the customer<\/li>\n
    • Calculate and minimize risks<\/li>\n
    • Make prices more precise and dynamic<\/li>\n
    • Identify and exploit trends and opportunities<\/li>\n<\/ul>\n

      As a result, business analytics projects have a direct impact on corporate strategy, organization and processes. These must be taken into account in advance and brought into line with the corporate strategy so that the solution can later be integrated into the organization and process landscape.<\/p>\n<\/div><\/section><\/p><\/div>\n<\/div><\/div><\/main><\/div><\/div>