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Published in:
2020 | OriginalPaper | Chapter
Introduction
Author : Andre Große Kamphake
Published in: Digitization in Controlling
Publisher: Springer Fachmedien Wiesbaden
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In today’s world, data volumes are growing at an explosive rate due to digitization. With the objective of both managing and harnessing these data for business purposes, this development is currently leading to a trend shift towards the use of predictive analytics in companies. With the help of modern statistical algorithms and their utilization within corporate management, patterns, trends, and structures can be found more accurately, particularly given that efficiency pressure will continue to increase.