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 124

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 124

IBM Big Data Hub

SEPTEMBER 19, 2023

Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. A content streaming provider will often use descriptive analytics to understand how many subscribers it has lost or gained over a given period and what content is being watched.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

Birst BI

OCTOBER 30, 2018

Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior. The vast majority of financial services companies use the data within their applications for what is called “ Descriptive Analytics.”

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Smart Data Collective

MARCH 29, 2021

Get started by focusing on these four insights and metrics. Predictive analytics includes several different approaches , including forecasting and regression analysis, and is one of three major levels at which businesses can engage with data; the other two are descriptive and prescriptive. Highlight CLV.

Marketing 124

Marketing Metrics Descriptive Analytics Predictive Analytics 124

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. I added the three loyalty metrics to the model. The next step is to analyze the data. Low correlations (near 0.o)

Statistics 78

Statistics Measurement Descriptive Analytics Machine Learning 78

Smart Data Collective

MARCH 11, 2022

This article will go over the concept of customer service analytics and some of the uses and advantages it could provide to a business. What Is Customer Service Analytics? Below are the different types of customer service analytics and why they matter to your business. Customer Experience Analytics. Conclusion.

Customer Analytics 117

Customer Analytics Analytics Key Performance Indicator Big Data 117

datapine

MARCH 25, 2022

While BI tells you what has happened in the past and what is happening now (descriptive analytics), BA tells you what will happen in the future (predictive analytics). Descriptive analytics : As its name suggests, this analysis method is used to describe and summarize the main characteristics found on a dataset.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264