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10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting. Prescriptive Analytics provides precise recommendations to respond to the query, “What should I do if ‘x’ occurs?”

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What Is Embedded Analytics?

Jet Global

Predictive Analytics: If x, then y (e.g., Prescriptive Analytics: Here’s what to do to achieve a desired outcome (e.g., Most companies that deploy BI and analytics lean to the left side of this model. Now explaining why things happened (e.g., West Coast sales have plummeted because of bad weather).