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Showing posts with the label DATA_ANALYSIS

AI defined 2023. Bullets and ballots will shape 2024.

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In 2023, Artificial Intelligence (AI) played a significant role in shaping the year's news. While AI tools like OpenAI's ChatGPT and Google's Bard showed the power of AI, they also revealed the limitations compared to human editors. AI provided a hypothetical scenario based on current trends and topics, including measures to reduce carbon emissions, progress in clinical trials for a cancer vaccine, and geopolitical tensions being resolved. However, AI still falls short in real-time access to current events and internet research. Despite this, the emergence of AI technology in 2023 promised a profound shift in human operations and boosted the stock prices of companies embracing AI. In 2024, more progress is expected, along with news of regulators trying to keep pace with AI advancements. Additionally, the future of U.S. democracy may be influenced by the U.S. presidential elections . As we look ahead, it is important to understand the impact of AI on various aspects of ...

The Power of Predictive Analytics in Business

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Predictive analytics is a powerful tool that helps businesses unlock insights from data and make data-driven decisions . It is increasingly being recognized as a crucial component of digital and data transformations in organisations. Predictive analytics has the potential to empower people at all levels of the organisation to use data effectively and improve decision-making. With the advancement of technology , businesses are now able to apply predictive analytics techniques to solve complex problems and gain valuable insights from their data. In this article, we will explore the role of predictive analytics in digital transformation , how it helps businesses overcome data exploration barriers, and the different business scenarios that can benefit from its use. We will also introduce Tableau Business Science , a powerful tool that enhances predictive analytics capabilities. Furthermore, we will examine the growth of the predictive analytics market , the advantages and disadvanta...