Articles

How Machine Learning Has Hit Its Stride With Business Intelligence

Business Intelligence is one of the oldest concepts in data processing. Though it was first coined by Richard Millar Devens in 1865 in the Cyclopædia of Commercial and Business Anecdotes, mining transactional data for business insights has been popular since the 90s.

Today, Business Intelligence tools are systems that enable companies to collect, store, access, and analyse enterprise data to allow for efficient decision-making and strategic predictive intelligence for planning. Businesses can also leverage predictive models to help detect patterns in transactional and historical data in order to identify risks and take advantage of the opportune potential of different aspects of machine learning.

Source: inc42.com
Author: Amarpreet Kalkat

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s