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Predictive vs. Prescriptive Analytics: What’s the Difference?

Dataiku

The bulk of an organization’s data science, machine learning, and AI conquests come down to improving decision-making capabilities. When during this process, though, should data executives get either predictive or prescriptive? When during this process, though, should data executives get either predictive or prescriptive?

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Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. One CIO said it this way , “If CIOs invested in machine learning three years ago, they would have wasted their money. How to make smarter data-driven decisions at scale : [link]. trillion by 2030.”.

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Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. The results showed that (among those surveyed) approximately 90% of enterprise analytics applications are being built on tabular data.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

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Hype Cycle for Supply Chain Strategy, 2020

Read the latest insights on AI, IoT, network design, machine learning, prescriptive analytics and other hot technologies. Gartner’s latest recommendations on tried and true capabilities. Find out what's essential to supply chain excellence. Research insights on new technologies. Vendors you can work with.

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Data science vs. machine learning: What’s the difference?

IBM Big Data Hub

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is machine learning? This post will dive deeper into the nuances of each field.

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What are the benefits of business analytics? What is the difference between business analytics and data analytics?

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Common Use Cases for Mathematical Optimization

Mathematical optimization is a subset of artificial intelligence and a type of prescriptive analytics. How can this type of prescriptive analytics be applied to lower costs, reduce carbon emissions and build more resilient supply chains? Want ballpark estimates of value and benefits achieved through optimization.