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What Is Business Intelligence and How Can It Benefit Your Business

Owler

Businesses everywhere benefit from collecting the right data that drive strategic decision-making. This is where business intelligence comes in. Here are a few key ways that the pipeline between business intelligence and sales can help improve your decision-making and revenue.

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Business Intelligence and Analytics for All Users!

Elegant BI

Data Analysis for Business Supports Fact-Based Decisions! Business intelligence and analytics are necessary tools for every business today. Data analysis for business need not be complex or restrictive.

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Pharma Analytics: Unlocking Success and Transforming Your Business

Netbasequid

And pharmaceutical analytics can help brands stand out amid growing competition to unlock previously hidden opportunities. Let’s discuss the benefits of using data-driven insights in your business, the different areas where analytics plays a crucial role in Pharma, and key techniques to use for better results.

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How to Conduct Competitive Intelligence Research

Owler

Competitive intelligence is the practice of gathering, analyzing, and acting on information about your market, industry activity and disruptions, competitors, and their products/services. Where are they getting most of their business from these days? Who are their clients? What are their similarities and differences to my own?

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What is Multiple Linear Regression and How Can it be Helpful for Business Analysis?

Elegant BI

How Can Multiple Linear Regression Be Helpful for Business Analysis? Business Problem: An ecommerce company wants to measure the impact of product price, product promotions, and holiday seasonality on product sales. Business Benefit: An agriculture firm can understand the impact of each of these predictors on the target variable.

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What is SVM Classification Analysis and How Can It Benefit Business Analytics?

Elegant BI

SVM Classification Analysis can be used for many analytical tasks: Credit/Loan Approval Analysis – Given a list of client transactional attributes, a business can predict whether a client will default on a loan. How Can SVM Classification Analysis Benefit Business Analytics? There is 8% chance of error in classification.

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What is the Decision Tree Analysis and How Does it Help a Business to Analyze Data?

Elegant BI

Let’s look at an example: A business will analyze the past behavior of customers on a retail website, and look at variables like the number of days from the last purchase, the brand preference, income, age, gender, website visits, location, and the total amount of purchases. Use Case – 1. Use Case – 2. About Smarten.