13 May 2022 By PAYCEC
Advanced analytics is a data analysis methodology that analyzes company data from a range of data sources using predictive modeling, machine learning algorithms, deep learning, business process automation, and other statistical methodologies.
Beyond typical business intelligence (BI) methodologies, advanced analytics employs data science to forecast patterns and evaluate the likelihood of future events. As a result, a company can become more responsive and improve its decision-making accuracy dramatically.
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