Elegant BI

JULY 18, 2018

The business can use this information for forecasting and planning, and to test theories and strategies. If a business wishes to produce clear, accurate results, it must choose the algorithm and technique that is the most appropriate for a particular type of data and analysis. About Smarten.

Business 52

Business Competitive Landscape Business Intelligence Analysis 52

Elegant BI

OCTOBER 17, 2018

This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. Business Problem: A bank wants to find the correlation between income and credit card delinquency rate of credit card holders. What is the Karl Pearson Correlation Analytical Technique? About Smarten.

Analysis 52

Analysis Competitive Landscape IT Business Intelligence 52

Elegant BI

OCTOBER 18, 2018

How Does Frequent Pattern Mining Support Business Analysis? This method of analysis can be useful in evaluating data for various business functions and industries. Cross Marketing and Selling – To work with other businesses that complement your own, not competitors. Use Case – 1. Use Case – 2. About Smarten.

Analysis 52

Analysis Business IT Banking 52

Elegant BI

OCTOBER 17, 2018

For example, a business might use this technique to understand whether there was a difference in manager salaries before and after undertaking a PhD program. How is the Paired Sample T Test Beneficial to Business Analysis? Let’s look at two use cases to better understand the benefit of this technique in business analysis.

Analysis 52

Analysis Business IT Competitive Landscape 52

Elegant BI

OCTOBER 16, 2018

This technique is used to determine if the relationship exists between any two business parameters that are of categorical data type. This technique is helpful in finding a relationship between any demographic characteristic of consumers or research respondents for education, location, gender etc. Use Case – 1. About Smarten.

Analysis 52

Analysis IT Competitive Landscape Retail 52

Elegant BI

OCTOBER 18, 2018

Some of the most common strata used in stratified random sampling include age, gender, religion, race, educational attainment, socioeconomic status, and nationality. For instance Age group, Gender, Occupation, Income, Education, Religion, Region etc. Cons: Need to define the categorical variable by which sub groups should be created.

Competitive Landscape 40

Competitive Landscape Briefing Education Business Intelligence 40

Alpha Sense BI

APRIL 26, 2024

Market landscapes are moving fast in 2024—and so are your competitors. Businesses must stay on the pulse of competitor strategies, activities, and market positions in order to maintain their competitive edge and win clients. Contact the AlphaSense team to learn more.

Battlecard 52

Battlecard Startups Competitor Analysis Competitive Intelligence 52

ArchIntel

DECEMBER 7, 2020

We have to look at the marketing competitive landscape through different lenses, which help keep us honest. . There are plenty of great business intelligence platforms out there. . Bias checks truly come down to education. HP has a broader competitive intelligence council, where we unite each business unit. .

Competitive Intelligence 156

Competitive Intelligence Competitive Intelligence Intelligence 156

Elegant BI

OCTOBER 17, 2018

This method helps a business to identify the relationship between X and Y and the nature and direction of that relationship. Business Problem: An eCommerce company wants to measure the impact of product price on product sales. Let’s look at two use cases that illustrate the value of Simple Linear Regression. Use Case – 1.

Competitive Landscape 52

Competitive Landscape Business Intelligence Analysis Sales 52

Elegant BI

OCTOBER 17, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’ What is ARIMAX Forecasting?

Analysis 52

Analysis IT Competitive Landscape Business Intelligence 52

Elegant BI

OCTOBER 16, 2018

Business Problem: A bank wants to group loan applicants into high/medium/low risk based on attributes such as loan amount, monthly installments, employment tenure, the number of times the applicant has been delinquent in other payments, annual income, debt to income ratio etc. Use Case – 1. Use Case – 2. About Smarten.

Banking 52

Banking Competitive Landscape IT Business Intelligence 52

Elegant BI

OCTOBER 16, 2018

How Can Outlier Detection Improve Business Analysis? When considering the use of Outlier analysis, a business should first think about why they want to find the outliers and what they will do with that data. Here is another illustration of an outlier. This data point is an outlier. About Smarten.

Analysis 52

Analysis IT Competitive Landscape Briefing 52

Elegant BI

AUGUST 14, 2018

For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’ Business Benefit: The business can make use of these forecasts for better planning of drug production and accuracy of sales targets.

Analysis 52

Analysis Pharmaceutical IT Competitive Landscape 52

Elegant BI

OCTOBER 17, 2018

In this article, we will discuss the Binary Logistic Regression Classification method of analysis, and how it can be used in business. Business Benefit: Once classes are assigned, the bank will have a loan applicant dataset with each applicant labeled as “likely/unlikely to default. What is Binary Logistic Regression Classification?

Analysis 52

Analysis Banking IT Competitive Landscape 52

Elegant BI

AUGUST 10, 2018

This method is used to find groups that have not been explicitly labeled in the data, and it can be used to confirm business assumptions about what types of groups exist, or to identify unknown groups in complex data sets. The attributes of objects decide which objects should be grouped together. Use Case – 1. Use Case – 2.

Algorithm 52

Algorithm Competitive Landscape Briefing IT 52

Elegant BI

AUGUST 14, 2018

Business Problem: A research agency wants to predict the likelihood of each election candidate being voted on by each voter and in turn devise a strategy to take proactive steps. Business Benefit: Given the profile of a patient and predicted level of disease, the doctor can determine the right treatment and/or medication.

Algorithm 52

Algorithm Analysis Competitive Landscape Briefing 52

Elegant BI

OCTOBER 18, 2018

Business Problem: An HR Manager wants to find out whether male employees earn more than female employees. Business Benefit: Once the test is completed, a p-value is generated which indicates whether there is a statistical difference between the income of two groups. Here, the dependent variable would be ‘Total Annual Income’.

Analysis 52

Analysis Competitive Landscape IT Business Intelligence 52

Elegant BI

OCTOBER 18, 2018

Credit/Loan Approval Analysis – Given a list of client transactional attributes, the business can predict whether a client will default on a bank loan. Fraud Analysis – Based on various bills submitted for reimbursement by an employee for food, travel, and other expense a business can predict the likelihood of fraud.

Analysis 52

Analysis Algorithm Banking Competitive Landscape 52

Elegant BI

AUGUST 10, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’

Algorithm 52

Algorithm Analysis IT Competitive Landscape 52

Elegant BI

OCTOBER 18, 2018

a business can predict the likelihood of fraud. Business Problem: A bank loans officer wants to predict if a loan applicant will be a bank defaulter or non defaulter based on attributes such as loan amount, monthly installment, employment tenure, the number of times delinquent, annual income, debt to income ratio etc. About Smarten.

Analysis 52

Analysis Banking IT Competitive Landscape 52

Elegant BI

AUGUST 10, 2018

Business Problem: Find out the average age and income for a particular type of product category purchased. Business Benefit: By identifying mean/median income of this segment, one can target marketing to this segment in order to improve ROI and sales revenue. 1) Mean/Median. 3) Percentile. 4) Quartile. 5) Standard Deviation/Variance.

Analysis 52

Analysis Restaurants Algorithm Business Intelligence 52

ATTEST

JULY 30, 2021

In this article, we dive into a specific area of competitive analysis: product categories. Find out what it’s all about, if it’s useful to your business and if so, how to do it the right way. Analysing the competition of a product category. In busy times, perhaps around Christmas, can you take on the extra capacity?

Competitive 52

Competitive Competitor Analysis Analysis Advantage 52