#1 Manufacturing Glossary - SYMESTIC

Intelligent Data Analysis (IDA)

Written by Symestic | Jun 3, 2024 1:54:10 PM

Intelligent Data Analysis (IDA) refers to advanced methods for analyzing large amounts of data in order to identify patterns, trends and correlations. It combines techniques from statistics, machine learning and artificial intelligence.

Pattern recognition: Identification of trends and anomalies in data.
Forecasting: Prediction of future events based on historical data.
Decision support: Support in decision-making through data-driven insights.

Benefits:

Better decisions: Informed decisions through accurate data analysis.
Competitive advantage: Recognition of market opportunities and risks.
Increased efficiency: Optimization of business processes through data-based insights.