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Ways Businesses Can Boost Logistics Performance with Analytics

Smart Data Collective

One of the most important ways that analytics can help companies thrive is by improving their logistics. Analytics Technology Helps Companies Bolster their Logistics Strategies. This is particularly true with logistics processes. The IoT has helped improve logistics , but big data has been even more impactful.

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Unraveling logistic regression: An essential guide to predictive analysis

Analysts Corner

Introduction Logistic regression, much like linear regression, stands as a fundamental method in predictive analytics. However, while linear regression is typically employed for predicting quantitative outputs, logistic regression shines in the realm of categorical predictions, primarily binary. The threshold at 0.5 Less than 0.5,

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The Evolving Role of Analytics in Supply Chain Security

Smart Data Collective

They are also using data analytics tools to help streamline many logistical processes and make sure supply chains operate more efficiently. Supply chain refers to the ecosystem of resources used in designing, manufacturing, and distributing a product. Some of the benefits of analytics actually have crossover with each other.

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Cloud Servers Are Fundamentally Rewriting The Rules Of Data Storage

Smart Data Collective

In simple words, this process refers to the logistics leading to the delivery of different services with the help of the internet. Before we dig deep into the crux of this discussion, it is imperative to introduce the concept of cloud computing. What is Cloud Computing?

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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. However, many data scientists and business analysts can’t readily lean on automated regression techniques like logistic regression and linear regression.

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Data-Driven Companies Leverage OCR for Optimal Data Quality

Smart Data Collective

Every company deals with a certain number of documents on a daily basis: invoices, receipts, logistics, or HR documents… You have to keep these documents, extract the useful information for your business, and then integrate them manually into your database. Each data point is linked to its reference.

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The Power of Human Intelligence via Experience Management

Timo Elliott

With the right tools, this information holds out the possibility of improving “every experience that matters” Experience management can help spot and correct problems in real time, not only to improve customer and employee satisfaction, but also in less glamorous areas like IT, finance, logistics, or analytics.