This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment.
Tag: Predictive Analytics
Big Data and Predictive Analytics: Control Your Business and Achieve Results!
Even if you do not work in IT, you have probably heard the term ‘Big Data’. These days, Big Data can cause big problems. If you do not have a plan to manage all that data and to make it easily accessible to your users, the data may as well not exist. If you cannot use that data for predictive analytics, you cannot accurately forecast your business results, plan for growth or compete in the market.
Can Plug & Play Predictive Analytics Help Business Users Function Effectively?
Plug & Play Predictive Analytics is not an exotic process that is limited to data scientists or IT staff. Plug & play predictive analysis is so named because it really is a plug and play process. This type of predictive analytics tool is designed to be accessible and usable by business users.
How Can Assistive Predictive Modeling Help My Business Users?
Assistive Predictive Modeling allows business users to leverage a self-serve advanced analytical tool and to enjoy complex, sophisticated forecasting and business predictions in a simple, user-friendly dashboard environment – all without the skills of an analyst, data scientist or IT professional.
Can Business Users Adopt Assisted Predictive Modeling?
Assisted predictive modeling is no longer the sole domain of data scientists and IT staff. With the right predictive analytics tools, your business users can accurately plan and forecast results and share data to build a dependable picture of the future for your organization, and for each team, division and individual.
Today, enterprises recognize the critical value of advanced analytics within the organization and they are implementing data democratization initiatives. As these initiatives evolve, new roles emerge in the organization. The newest of these analysis-related roles is the ‘analytics translator‘. As the enterprise considers the relevance of this new role within the business, it is important to understand the responsibilities of an Analytics Translator, and how this role might help the organization to achieve its goals.
Predictive Analytics, Spark and R Programming: What a Combination!
You may think your business is unique (and it is) but in lots of ways, it is just like mine. Here’s what I mean. Every enterprise, including yours, desperately needs dependable, accurate data to support decisions and planning processes. So, in that way, all businesses are the same. Whether data analysis requirements are ongoing or specialized to support a focused initiative, the challenges of advanced data analytics and data science efforts can be daunting.
What is Assisted Predictive Modeling?
Anything that can help your business users to understand, interpret and analyze data is a help! Users have many tasks to perform in a given day and while analysis may not be their forte, they definitely need clear, concise data to share, to make decisions and to see opportunities, challenges and patterns.
ElegantJ BI, an innovative vendor in Business Intelligence and Augmented Analytics, is pleased to announce that ElegantJ BI is named as Representative Vendors in the Gartner ‘Market Guide for Traditional Enterprise Reporting Platforms‘ report published September 28, 2017.
Plug n’ Play Predictive Analytics Solutions for Every Business User!
Predictive analysis is very important to your organization. If you can dependably predict and forecast results, you can stay ahead of the competition, address changing customer needs, capitalize on opportunities and solve problems before they negatively impact your enterprise.
