Analytics Enabled Decision Making

Analytics is revolutionizing businesses worldwide, leading to increased interest from scholars and practitioners. This book provides a theoretical perspective and practical applications of machine learning techniques for decision-making, covering paradigms such as pattern mining, clustering, classification, and data analysis. Its main objective is to offer insight into accelerated and precise decision-making through analytics.

Format: Hardback
Length: 288 pages
Publication date: 24 May 2023
Publisher: Springer Verlag, Singapore

Analytics is revolutionizing the business landscape across industries worldwide, generating significant interest among scholars and practitioners alike. The advent of 'big data' has accelerated the adoption of machine learning techniques and facilitated the acceptance of 'Analytics-Enabled Decision Making.' This comprehensive book offers a theoretical framework complemented by real-world applications, drawing expertise from industry professionals and academicians across the globe. It explores various paradigms such as pattern mining, clustering, classification, and data analysis, aiming to provide insights into the enhanced decision-making process facilitated by analytics.

The significance of analytics lies in its ability to transform the way businesses operate and make informed decisions. By leveraging large datasets and advanced analytical tools, organizations can gain valuable insights into customer behavior, market trends, and operational efficiency. This information can be used to optimize processes, improve customer experiences, and develop new products and services that meet market demands.

One of the key advantages of analytics is its ability to automate repetitive tasks and reduce human error. By analyzing data and identifying patterns, machines can perform tasks such as data entry, sorting, and analysis more accurately and efficiently than humans. This not only saves time and resources but also improves the accuracy and reliability of decision-making processes.

Moreover, analytics enables organizations to make data-driven decisions. By analyzing historical data and using statistical models, businesses can predict future trends and make informed decisions based on empirical evidence. This approach helps organizations avoid costly mistakes and capitalize on opportunities that may arise.

In conclusion, analytics is a transformative force that is reshaping the business landscape globally. Its ability to generate insights, automate processes, and make data-driven decisions has the potential to drive innovation, growth, and competitive advantage. As the amount of data continues to grow, the importance of analytics will only increase, and organizations that embrace this technology will be well-positioned to succeed in the future.

Weight: 549g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811996573
Edition number: 1st ed. 2023