Search the Community
Showing results for tags 'predictive analytics'.
Found 3 results
-
Cognitive Analytics
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q 541. What is Cognitive Analytics? How is it different from other traditional analytics approaches - descriptive, predictive and prescriptive? Provide some examples where Cognitive Analytics is being deployed to support your answer. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are open till Friday and questions launched on Friday are open till Tuesday. When you respond to this question, your answer will not be visible till it is reviewed. Only non-plagiarised (plagiarism below 5-10%) responses will be approved. If you have doubts about plagiarism, please check your answer with a plagiarism checker tool like https://smallseotools.com/plagiarism-checker/ before submitting. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term -
Q. 186 Provide some of the latest examples where breakthroughs with improved accuracy or reduced turnaround times have been achieved due to use of effective algorithms for predictive analytics. Do provide your reference source of information at the end of your response. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.
-
Business Analytics
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
One industry sector that is booming globally is Business Analytics. One way to understand this domain is to divide in three parts - Descriptive Analytics (What has happened), Predictive Analytics (Understanding the future), and Prescriptive Analytics (Decision making to influence business outcomes). There are Analytics experts who do not link well with business excellence and there are business excellence professionals who do not know much about the vast and expanding domain of Analytics. Benchmark Six Sigma is about to launch Business Analytics courses in January 2018 to address this. Which among the three Business Analytics areas (Descriptive, Predictive and Prescriptive) are captured by the Lean Six Sigma community reasonably well and which areas still seem largely unexplored? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.