Using Data Analytics To Endure The Coronavirus Pandemic And After
In part 1 of this blog, we looked at the disruption in business brought on by COVID-19 and talked about how data analytics was the one scientific response available to tackle these challenges. In this blog, we will discuss how your business can use data analytics to not
Why And How Should Your Business Use Data Analytics In COVID-19 Crisis And After
To rephrase German entrepreneur and religious leader Dieter F. Uchtdorf in today’s time of the pandemic: It is your reaction to adversity, not the adversity itself, that determines how your business story will develop hereon. The COVID-19 pandemic has put the world of bus
How To Use Machine Learning In Predictive CLV Models (2 of 2)
In the first post on this topic, we defined customer lifetime value (CLV) and learned about customer lifetime value models. How to use machine learning in predictive CLV models (Customer Lifetime Value Prediction Model). In this post, we’ll learn how machine learning
What is A Data Fabric And What Is It’s Business Value
What is a Data Fabric and What is Its Business Value What is the business value of a data fabric solution? There’s a new buzzword in the world of data analytics, and that is – data fab
5 Predictive Analytics Use Cases for Retail Industry
Top 5 Predictive Analytics Use Cases for Retail Industry Retail analytics is about using data to identify the factors that are impacting business outcomes. It also helps retailers evaluate strategies and understand why certain strategies are working or not. It can also hel
Prediction using Neural Networks
Prediction Using Neural Networks In the first part of this post, we discussed what neural networks prediction are, what the “artificial” component in them is, and how they are used in data science. Today we look at how they are used in predictive analytics. We will also a
Why Are Artificial Neural Networks Important
Why are Artificial Neural Networks important in data science? Artificial Neural networks are an extremely complicated piece of research/technology being developed for decades. They use man-made computing power to try and replicate the way the human brain calculates, and
What is Cohort Analysis? And How it Helps to Retain Customers
What is Cohort Analysis? How does Cohort Analysis Help to Retain Customers? Before getting into cohort analysis and its benefits, one must take note of the fact that businesses devote a huge chunk of their resources to find new customers but, sometimes, they lose sight
Here’s Why Machine Learning Data Catalogs are Becoming Popular
Why Machine Learning Data Catalogs (MLDCs) are becoming popular In part one of this blog post we had discussed what data catalogs are, and why there is an increase in their use by enterprises over the last two years. In this second and final part of that post, we look at