Prediction – Dyntell Bi

Future Proof? – Predictive Analytics in Action

Automation of most business processes is now the norm across major industries. Mountains of data are being created and collected for further analysis daily, uncovering hidden trends, correlations and opportunities. Users are discovering new horizons of data analytics, and one of the most exciting applications is predictive analytics. The benefits are of course quite obvious: Any company, organization or individual can now make complex decisions based on reliable predictions, for a minute from now or years down the road. Being able to foresee coming trends and events, to either capitalize on or avoid, can save you money, earn you money and give you a sizable competitive advantage. And the business world has taken notice: A 2018 Zion Market Research report indicates that the global predictive…

Prediction

Analyzing the Fear Index

The fear index is something that you might have heard before; it’s a phrase widely used between stock market investors and traders as a general term to describe volatility in stocks. ‘Fear Index’, also sometimes referred to as the ‘fear gauge’, refers to the CBOE ‘Volatility Index’ – or the VIX. The VIX is used to measure the expected volatility on the stock market. It makes use of S&P 500 index options to calculate, to an extent, any predicted variance (or volatility) for the following 30 days. How Stock Prices Correlate with Market Volatility It’s hard to say for certain whether the Fear Index is an accurate way to measure or predict future realized volatility, as there are always outside contributions that may affect the…

Prediction

From Astrology to Predictive Analytics: Understanding how data is used to make...

An Anecdote about Astrology Years ago, a friend’s mother drove me home from a study session and during the drive the topic of my impending move across the Atlantic Ocean came up. Little did I know that this woman was a practicing astrologist and insisted on providing me insight about my future. I was definitely curious and decided to give a few details about myself, which included my date and time of birth. The next time I saw her she had read my birth chart and supplied me with what I thought at the time was compelling information. Something about an easy journey there, but a complicated existence upon arrival. In retrospect I realized the vagueness of her fortune telling, but I couldn’t help but…

Prediction

Four Predictions for BI

BI Software – Exciting Trends to Look for in 2019 Dyntell’s mission is to become a global leader in business intelligence (BI). We are always searching for new solutions to benefit our clients. Dyntell does this by figuring out how we can help our clients grow and succeed in a sustainable way. Our versatile business software, Dyntell Bi, was originally developed from our ERP system. This means Dyntell Bi has a different foundation from other business intelligence systems. By having a different foundation, Dyntell Bi benefits from easier integration into already existing enterprise processes. This is compared to current market-leading BI systems that do not have this advantage. Additionally, Dyntell Bi’s data modeling is very flexible extremely customizable. Although Dyntell Bi has that edge of…

Prediction

Effective Forecasting: 7 Types of Predictive Analytics Methods in BI Systems

You may not realize it, but the everyday technologies which we have come to rely on use predictive analytics. For example, your car’s navigation system uses predictive analytics when planning the fastest route to your destination. Your smartphone weather app uses a similar method to predict if it’s going to rain tomorrow or not. These days data science, and more specifically machine learning methods, dominate prediction systems and methods. Researchers are applying these systems and methods, specifically algorithms, across a wide range of everyday situations. In particular, the business world benefits from predictive analytics. Having an accurate and effective forecast can reduce overhead and increase operational stability. Advantages of successful forecasting include: Foreseeing expected fluctuations in cash flow in order to prepare for it in…

Prediction

Where Are the Robots?

Seven ways to leverage Business Intelligence to increase your manufacturing business’ production efficiencies by double-digits There is an important curve: f(x) = 1/(1+e^-x), the Sigmoid (or S) curve, with the shape of the Greek Sigma letter, which describes a large number of phenomena in the universe: At first the output increases slowly along with the input – so slowly that it seems almost constant. Then it starts to change faster, then very fast, then slower and slower until it becomes almost constant again. The Sigmoid curve captures the shape of phase transitions of all kinds, including the processes of ice melting, water evaporating, writing a bit of memory to a hard disk, an ion channel opening in a cell, the inflationary expansion of the early…

Prediction

Ready, Set, Predict!

The hidden AI button that gives your company the power to be self-driven Have you ever tried to drive your car forward relying on only the rear-view mirrors? Please don’t try this, as it would be difficult – if not impossible – to avoid a major accident. Yet your business is in a similar situation if you’re relying only on your ERP system to power it forward. ERP systems are great at showing your company’s past data. Business Intelligence (BI) system(s), on the other hand, can display your car’s dashboard (as well as the rear-view mirrors) and will show you your data transparently and parsed in many different ways. It’s better than using just those three mirrors, but it won’t show your future – the…

Prediction

Danger! The Robots Will Kill Us All.

A year after the clash of the tech titans, are we any closer to facing Elon Musk’s dire AI Apocalypse predictions? Controversial or not, I support Elon Musk’s growing contributions to technology, his drive to reduce climate change and his powerful entrepreneurial spirit. As for his numerous new projects like the Hyperloop, Musk electric jet and Solar City, I’m cheering them on as well. But I don’t think he’s right when it comes to AI predictions. About a year ago, Tesla and SpaceX CEO Musk locked horns with tech titan and Facebook CEO Mark Zuckerberg on the possibility of an AI Apocalypse. This scenario, which Musk views as very plausible, envisions robots with the power to take over the world and possibly even destroy their…

Posts Categorized: Prediction

Future Proof? – Predictive Analytics in Action

Analyzing the Fear Index

From Astrology to Predictive Analytics: Understanding how data is used to make...

Four Predictions for BI

Effective Forecasting: 7 Types of Predictive Analytics Methods in BI Systems

Where Are the Robots?

Ready, Set, Predict!

Danger! The Robots Will Kill Us All.

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