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The purpose is to reduce the uncertainty
With analytics we create knowledge to mitigate risk and to deal with uncertainty
A Learning System is equivalent to the convergence of Machine, Business and Statistical Learning Processes -
Strengths by Analytics
The value of analytics is related to impact created in organizations. Impact is real when analytics results are possible to embed in the business processes improvement.
The main principles are: -
The Analytics Process
The most important is the continuous process as a system where feedback is in each stage
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Statistical, Machine and Business Learning
All analytics processes are using Statistical, Machine and Business learning steps and capabilities
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