Financial Forecasting
Insights
Trends Analysis for Operational Improvement
Predictive Analytics for Risk Assessment
Crafting Effective Business Strategies
Data Mining and Business Intelligence
Impact Assessment
Implementing Predictive Analytics in Business
Data Mining for Enhancing Business Operations 
and targeting Improved ROI on marketing campaigns Sales Sales
forecasting Better inventory management and resource allocation Operations Process optimization Increased
...Fraud Detection
Financial institutions employ data mining to identify unusual patterns that may indicate fraudulent activity
...
Insights 
Finance: Evaluating historical
financial performance to inform budgeting and
forecasting ...
Trends Analysis for Operational Improvement 
Sales
forecasting, inventory management, and demand planning
...Data Collection: Gather relevant data from various sources, including operational databases, customer feedback, and
financial reports
...
Predictive Analytics for Risk Assessment 
Finance Credit scoring and fraud detection Minimizes
financial losses and improves lending accuracy
...Retail Inventory management and demand
forecasting Improves stock management and customer satisfaction
...
Crafting Effective Business Strategies 
Resource Allocation: Efficient allocation of resources, including human,
financial, and technological, is necessary for strategy execution
...Impact of Predictive Analytics in Strategy Formulation Predictive analytics is a subset of business analytics that focuses on
forecasting future events based on historical data
...
Data Mining and Business Intelligence 
Used for
financial forecasting and inventory management
...
Impact Assessment 
Financial forecasting, market analysis Qualitative Analysis Focuses on non-numerical data to evaluate impacts through interviews, surveys, and case studies
...
Implementing Predictive Analytics in Business 
Objectives can range from improving sales
forecasting to enhancing customer retention strategies
...Financial Services A leading bank implemented predictive analytics to detect fraudulent transactions
...
Interpreting Data through Visual Analytics 
Financial reporting, operational analytics, data modeling
...Sales
forecasting, marketing analysis, inventory management
...
Insights from Historical Data Analysis 
Forecasting sales, stock levels Regression Analysis A statistical method for estimating the relationships among variables
...Financial analysts utilize past market data to predict future performance and guide investment decisions
...
Nebenberuflich selbstständig 
Nebenberuflich selbständig ist, wer sich neben seinem Hauptjob im Anstellungsverhältnis eine selbständige Nebentigkeit begründet.