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What is advanced analytics - Definition and Explained

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Advanced analytics is the process of reviewing data by independent or dependent means using sophisticated tools to produce deeper insights and solutions for better business practices. The advanced analytic techniques include <a href="https://whatis.ciowhitepapersreview.com/definition/data-mining/"><span style="color:#000000"><u><em><strong><span style="background-color:#F0F8FF">data mining</span></strong></em></u></span></a>, pattern matching, forecasting, sentiment analysis, <a href="https://whatis.ciowhitepapersreview.com/definition/machine-learning/"><span style="color:#000000"><u><em><strong><span style="background-color:#F0F8FF">machine learning</span></strong></em></u></span></a>, network and cluster analysis, simulation and neural networks. 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The advanced analytics techniques can be classified into:</span></p> <ul> <li> <p><span style="font-size:16px">Descriptive Analysis</span></p> </li> <li> <p><span style="font-size:16px">Predictive Analysis</span></p> </li> <li> <p><span style="font-size:16px">Simulation and Optimization</span></p> </li> </ul> <p><span style="font-size:16px">These three techniques differ on their execution but in common directs at extensive research to find the most suitable strategy for best results.The traditional analytical tools consist of researching the past data for performance analysis, the modern business analytical tools allow businesses to predict results and forecast future events. <a href="https://www.ciowhitepapersreview.com/big-data/apache-spark-739.html"><span style="color:#000000"><u><em><strong><span style="background-color:#F0F8FF">Big data analytics</span></strong></em></u></span></a> and location intelligence are the latest development of <u><em><strong><a href="https://whatis.ciowhitepapersreview.com/definition/business-analytics/"><span style="color:#000000"><span style="background-color:#F0F8FF">advanced business analytics</span></span></a></strong></em></u>. 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Hadoop, in particular, has been spectacular and has offered cheap storage in both the HDFS (Hadoop Distributed File System) and MapReduce frameworks to analyze this data offline. New connectors for Spark will continue to...</p> </blockquote> </div> <div class="col-lg-4 col-md-4"> <blockquote id="mypdiv2"> <h5 style="font-weight: 900;margin-top: 0px;font-size: 18px;margin-bottom: 3px;"><a href="https://www.ciowhitepapersreview.com/customer-relationship-management/customer-journey-analysis-to-build-effective-customer-relationship-324.html" style="color:#000;">Analyzing and Shaping Customer Journeys</a></h5> <p style="font-weight: 900;margin-bottom: 3px;">White Paper By: Altocloud</p> <p style="text-align: justify;" id="myp2">Customer journey analysis is the key to analyze how the customer uses information as it navigates, ultimately unlocking more transactions and higher usage, and also to understanding and delivering on the needs of the customer at each stage of its journey. How can you build and manage customer relationships through customer journey analytics? This whitepaper describes a new approach for...</p> </blockquote> </div> <div class="col-lg-4 col-md-4"> <blockquote id="mypdiv3"> <h5 style="font-weight: 900;margin-top: 0px;font-size: 18px;margin-bottom: 3px;"><a href="https://www.ciowhitepapersreview.com/it-infrastructure/digital-transformation-792.html" style="color:#000;">Mastering the challenge of Digital Transformation</a></h5> <p style="font-weight: 900;margin-bottom: 3px;">White Paper By: Software AG</p> <p style="text-align: justify;" id="myp3">Digital business transformation is based on an IT architecture transformation with a roadmap for digital capability implementation. Based on the software platforms, digital companies create enhanced or totally new business models which offer completely new digital customer experiences. Established companies are building up software know-how and are acquiring software companies to accelerate...</p> </blockquote> </div> </div> <div class="col-lg-12 col-md-12"> <div class="col-lg-4 col-md-4"> <blockquote id="mypdiv4"> <h5 style="font-weight: 900;margin-top: 0px;font-size: 18px;margin-bottom: 3px;"><a href="https://www.ciowhitepapersreview.com/supply-chain/5-ways-publishers-can-be-successful-in-the-digital-world-911.html" style="color:#000;">The Top 5 Ways Publishers Can Be Successful in the Digital World</a></h5> <p style="font-weight: 900;margin-bottom: 3px;">White Paper By: Iptor Supply Chain Systems</p> <p style="text-align: justify;" id="myp4">In the publishing industry, the rise of technology has extended beyond publishers simply digitizing content&nbsp;for those readers who prefer ebooks or online learning systems to print&mdash;forcing businesses to adapt their processes and products to accommodate new customer demand. In this new age, technology has allowed for many of these processes to be streamlined or automated, allowing for...</p> </blockquote> </div> <div class="col-lg-4 col-md-4"> <blockquote id="mypdiv5"> <h5 style="font-weight: 900;margin-top: 0px;font-size: 18px;margin-bottom: 3px;"><a href="https://www.ciowhitepapersreview.com/supply-chain/impact-of-digital-technology-912.html" style="color:#000;">The Changing Face of Publishing: Gauging the Impact of Digital Technology</a></h5> <p style="font-weight: 900;margin-bottom: 3px;">White Paper By: Iptor Supply Chain Systems</p> <p style="text-align: justify;" id="myp5">The emergence of digital technology has equally impacted the publishing industry. The threshold to paper-based books is on a significant decline due to the digital revolution. This has led to the advancement of a new phase, in the management of core processes that serve as the backbone for any publishing house. But, the lack of integration on current systems is a major reason for the disruption...</p> </blockquote> </div> <div class="col-lg-4 col-md-4"> <blockquote id="mypdiv6"> <h5 style="font-weight: 900;margin-top: 0px;font-size: 18px;margin-bottom: 3px;"><a href="https://www.ciowhitepapersreview.com/software/digital-business-platform-793.html" style="color:#000;">Digital Business Platform 2.0</a></h5> <p style="font-weight: 900;margin-bottom: 3px;">White Paper By: Software AG</p> <p style="text-align: justify;" id="myp6">Digitalization is the road of moving towards digital business and digital transformation, as well as the creation of new digital revenue streams and offerings while doing so. Through digitalization, a company&rsquo;s digitized resources are transformed into new sources of revenue and operational gains. Businesses need to develop entirely new processes based on modern software architectures...</p> </blockquote> </div> </div> </div> </div> </div> </div> </section> </div> </div> </section> <script src="https://www.ciowhitepapersreview.com//assets/js/jquery-1.10.2.js"></script> <script> $(document).ready(function(){ for(i=1;i<=10;i++){ var div = document.getElementById("mypdiv"+i); var divheight = $("#mypdiv"+i).height(); var lineheight = $("#mypdiv"+i).css('line-height'); tc = Math.round(divheight/parseInt(lineheight)); if(tc > 6){ var words = $("#myp"+i).text().split(" "); $("#myp"+i).text(""); $.each(words, function(index, value){ var divheight = $("#mypdiv"+i).height(); var lineheight = $("#mypdiv"+i).css('line-height'); tc = Math.round(divheight/parseInt(lineheight)); if (tc <= 6){ $("#myp"+i).append(value + " "); } }); } str = $("#myp"+i).text(); str = str.trim(); lastIndex = str.lastIndexOf(" "); str = str.substring(0, (lastIndex - 3)); $("#myp"+i).text(str+'..'); } }); </script> 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