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Revolutionizing Procurement: The Power of AI in Vendor Management Systems

Smart Data Collective

The Intersection of AI and VMS AI has penetrated virtually every aspect of business operations, from customer service to human resources, and VMS is a prime candidate for the application of AI technologies. Natural Language Processing (NLP) is another powerful tool, used to facilitate communication between humans and machines.

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Predictive Analytics Use Case: Loan Approval!

Elegant BI

Predictive analytics can be a crucial piece of the puzzle in supporting the loan approval process and monitoring and managing loans throughout the life cycle of the contract. Use Assisted Predictive Modeling to define the perfect loan applicant profile and to monitor and manage existing loans to anticipate and mitigate loan defaults.

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Predictive Analytics Use Case: Fraud Mitigation!

Elegant BI

An enterprise can leverage predictive analytics to identify the most likely areas and actors that will be involved in fraudulent activities and by developing fraud detection models, the enterprise can reduce the cost and the negative impact to the business reputation and to the bottom line. Learn More: Fraud Mitigation.

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Can Big Data Eliminate Shortcomings of Team Extension Models?

Smart Data Collective

One of the biggest applications is that new predictive analytics models are able to get a better understanding of the relationships between employees and find areas where they break down. These big data algorithms can offer insights to improve harmony within the team. Big Data is the Key to Stronger Team Extension Models.

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How real-time operational insights drive superior tech platform development

CIO

The sheer volume of manual work involved can pull human resources away from more strategic, value-adding activities. Tools like GPS and AI for route optimization, alongside machine learning (ML) algorithms for predictive analytics, complete the stack.

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Small and Medium Sized Businesses (SMEs) Needs Self-Serve Advanced Analytics!

Elegant BI

Fortunately, the self-serve advanced analytics market now provides visual-based data analytics like Smart Data Visualization that help the user to choose the right visualization technique for the data they wish to analyze. Original Post : Small and Medium Sized Businesses (SMEs) Needs Self-Serve Advanced Analytics!

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How Can My Business Use Citizen Data Scientists?

Elegant BI

The ideal Citizen Data Scientist is a person who is respected in the enterprise, one who shares data and information with others to collaborate and product positive outcomes and one who is curious and likes learning new things. Businesses and users can get ahead of the curve in the market and enable true collaboration.