IBM Big Data Hub

JANUARY 25, 2024

trillion, up from USD 864 billion in 2019 to 2020. Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0 Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms?

Optimization 81

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 81

CIO Business Intelligence

JULY 5, 2022

Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes. Prescriptive analytics: What do we need to do? Simplilearn adds a fourth technique : Diagnostic analytics: Why is it happening? Examples of business analytics.

Business Analytics 135

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 135

BizAcuity

MARCH 31, 2022

By 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. Source: Gartner Research). Source: TCS).

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Sisense

JUNE 30, 2020

Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. Predicting forthcoming trends sets the stage for optimizing the benefits your organization takes from them.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

datapine

NOVEMBER 27, 2019

The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts. 2019 was a particularly major year for the business intelligence industry. 4) Predictive And Prescriptive Analytics Tools. Prescriptive analytics goes a step further into the future.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

DECEMBER 4, 2019

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. Prescriptive Analytics: What should we do? Mobile Analytics.

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

Andrew White

JANUARY 11, 2021

For a time, I believed simulation was more useful a capability than optimization, at the time that larger firms were seeking optimization solutions. On end user clients calls, are you hearing a greater focus on use cases and greater need for prescriptive analytics, ex marketing analytics, sales analytics, healthcare, etc.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52