Advanced Analytics
Advanced Analytics is the application of complex methods and algorithms to extract insights from data. It involves the use of statistical models, machine learning algorithms, and data mining techniques to analyze large and complex datasets. Advanced Analytics goes beyond traditional business intelligence by providing deeper insights and predictions that can help organizations make better decisions. It includes techniques such as predictive modeling, data visualization, text analytics, and optimization. Advanced Analytics is used in various industries such as healthcare, finance, marketing, and manufacturing to improve operations, reduce costs, and increase revenue.
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News Source: CNN on 2025-01-18
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