Forward Focus: Analytics – Turning Data into DollarsDecember 2011 |
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Advanced analytics involves the use of modern data mining, pattern matching, data visualization and predictive modeling tools to produce analyses and algorithms that help businesses make better decisions. With this foresight, analytics can help determine which events may have the most impact on the enterprise as a whole.
Predictive analytics is now coming into its own, both because of the findings of cognitive science and behavioral economics, and also because of a recent and rapid proliferation of huge databases, cheap computing power, and advances in data acquisition, aggregation, visualization, applied statistics and machine learning techniques.
This issue of Forward Focus features the following topics:
- Analytics – Facts vs. faith
- Analytics – Getting started
- Analytics – Advances
- Advanced analytics – Hindsight, insight and foresight
- Advanced analytics – The potential for profit
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Forward Focus: Analytics – Turning data into dollars
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