Remove Competitive Remove Human Resources Remove Management Remove Predictive Analytics
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Revolutionizing Procurement: The Power of AI in Vendor Management Systems

Smart Data Collective

Vendor Management Systems (VMS) have become an indispensable tool for streamlining procurement and fostering strong vendor relationships. This article will delve into the transformative potential of AI in Vendor Management Systems, and how it’s setting the stage for a more strategic, intelligent, and efficient approach to procurement.

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Predictive Analytics Business Use Cases Ensure Results!

Elegant BI

Apply Predictive Analytics to Specific Business Use Cases for Real Results! Gartner has predicted that, ‘Overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’ Maintenance Management. Human Resource Attrition.

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Predictive Analytics Use Case: Marketing Optimization!

Elegant BI

Predictive analytics can help a business develop a profile for a target customer and segment, combine external and internal data like macroeconomics and competitive data, and define marketing and advertising messages and techniques for each segment to optimize the marketing budget and improve the competitive advantage.

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Predictive Analytics Use Cases: Envision Success with Comprehensive Planning and Forecasting!

Elegant BI

These are just some of the examples of use cases that effectively illustrate how your business can benefit from predictive analytics in real-world scenarios. The benefits of advanced analytics and assisted predictive modeling are too numerous to provide a complete list here. Learn More: Augmented Analytics Use Cases.

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Predictive Analytics Use Case: Online Target Marketing!

Elegant BI

Predictive analytics can help the business to understand online buying behavior, and when, where and how to serve ads, market products and offer discounts or other incentives. Predictive analytics will help you optimize your marketing budget and improve brand loyalty. Human Resource Attrition. Loan Approval.

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Advantage of Humans Over Computers in Data Management

ArchIntel

Alexis Hargrave, a contributor for Medium, argued that data management is better left at the hands of humans instead of artificial intelligence and algorithms owing to the moral agency of people. In her article, Hargrave asserted that computers lack the moral acumen to make ethical decisions regarding managing data.

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Newsletter – March 2023

Fuld

Many studies have demonstrated the importance of human resources in obtaining a competitive advantage. This month, we explore how companies can leverage people analytics to optimize their human resources function. Another way data analytics can be used is to elevate a company’s brand.