CIO Business Intelligence

JULY 5, 2022

Business analytics and business intelligence (BI) serve similar purposes and are often used as interchangeable terms, but BI can be considered a subset of business analytics. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. Business analytics techniques.

Business Analytics 135

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 135

IBM Big Data Hub

JULY 27, 2022

As shown in the following diagram, an issue in the environment triggers several events across the full stack of the business solution. This results in an unmanageable event flood. Moreover, there are often duplicate events due to full-stack level observability and these events result in data silos.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

IBM Big Data Hub

SEPTEMBER 19, 2023

Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. Manufacturers can analyze a failed component on an assembly line and determine the reason behind its failure.

Data Science 77

Data Science Data Analytics Prescriptive Analytics Analytics 77

Birst BI

OCTOBER 30, 2018

Remember when you began your career and the prospect of retirement was an event in the distant future? Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Business Over Broadway

MARCH 13, 2019

For our example, to answer our questions, we need to look at two types of analytics: 1) Descriptive and 2) Predictive. Descriptive analytics are used to indicate the current state of the world. Predictive analytics are used to make predictions about future events. The next step is to analyze the data.

Statistics 78

Statistics Measurement Descriptive Analytics Machine Learning 78

FineReport

APRIL 26, 2023

The Big Data ecosystem is rapidly evolving, offering various analytical approaches to support different functions within a business. Descriptive Analytics is used to determine “what happened and why.” ” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smart Data Collective

MARCH 11, 2022

Data analytics can assist you in figuring out why people abandon your brand or prefer alternative products instead. Predictive analytics, which analyses historical activities to uncover trends and forecast a specific event, can also predict if a customer is ready to churn or defect. Customer Experience Analytics.

Customer Analytics 116

Customer Analytics Analytics Key Performance Indicator Big Data 116