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Showing posts from December, 2022

Modern Data Stack Simply Refers to Data Integration and Analysis

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One of the key characteristics that distinguishes these technologies as "current" ones is the fact that every tool in the stack is cloud-native. The information is then modified within the data warehouse so that data scientists and business users may use it more efficiently. Despite changes in data processing volume and speed, the necessary components are still controlled in a similar manner. This usually involves modelling the data and creating a few aggregate or structured analytic-specific tables out of some of the other tables in the warehouse. Current stacks are still gathering data that needs to be processed, transformed, and visualized . The phrase " Modern Data Stack " simply refers to a collection of technologies used by tech-savvy companies for data integration and analysis. Additionally, businesses may now acquire information more rapidly and effectively because vast tech stacks are no longer required to be constructed in-house. The switch from clumsy m

The Concept of Decision Intelligence in Artificial Intelligence

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Intelligent decision making is an engineering discipline that complements data science with  social science theory, decision theory, and management science. Its application provides a framework for best practices in organisational and process decision-making to apply machine learning at scale. The basic idea is that decisions are based on our understanding of how actions lead to results. Smart decisions are a discipline for analysing these chains of cause and effect, and decision modelling is a visual language for representing these chains. Smart decisions are a discipline for analysing these chains of cause and effect, and decision modelling is a visual language for representing these chains.  Decision Intelligence (DI) solves the world's most complex problems or the toughest problems, as they say. It connects human decision makers with technologies like machine learning, AI, deep learning, visual decision modelling, complex systems modelling, big data, predictive analytics, UX d

The Role of Decision Intelligence in Pharmaceutical Life Sciences

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Decision intelligence is a data-driven process that allows you to quickly make faster, more accurate decisions, based on facts instead of relying on your intuition or instincts. Decision intelligences combine various decision-making techniques with AI, ML, contextual intelligence and automation to create actionable and concrete business proposals that can be deployed instantly to create business value, thereby solving the final leg of the analytical challenge. Decision Intelligence does not replace people in the decision-making process, but increases their ability to make better and more consistent decisions. As ID becomes central to business processes, decisions are made faster, easier, and more cost-effectively than ever before. The biotechnology, pharmaceutical and life sciences industries are subject to rapid changes in consumer preferences, changing supply and demand, and frequent innovation.  Decision intelligence extends an organisation's ability to use massive amounts of d

Marketing with Augmented Analytics - Different Ways to Make it Work

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A variety of data processing methods, including data mining, statistical modelling, and machine learning, are put to use in augmented analytics to analyse a variety of historical and current data in order to enhance data exploration and analysis. In order to model customer behaviour, identify trends and anomalies, and develop predictions that allow organisations to act on them rather than instinct, it achieves this by using complex algorithms to data. This "enhances" how businesses can use data for more in-depth analysis in business intelligence applications. To improve decision-making, Augmented Analytics automatically identifies and highlights the most significant business insights or changes. Compared to manual approaches, it completes this task quickly. One of the main advantages of augmented analytics and other artificial intelligence-based technologies is this degree of automation and process speeding. By answering the most crucial questions, often even before they ari