IBM Big Data Hub

SEPTEMBER 19, 2023

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.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

CIO Business Intelligence

JANUARY 20, 2023

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

Business Intelligence 144

Business Intelligence Dashboards Data mining OLAP 144

Domino Data Lab

JANUARY 21, 2021

Additionally, the Python ecosystem is flush with open source development projects that maintain the language’s relevancy in the face of new techniques in the field of data science. It’s worth noting that there is a landscape of proprietary tools dedicated to producing descriptive analytics in the name of business intelligence.

Statistics 106

Statistics Unstructured Data Data Science Predictive Modeling 106

Sisense

JULY 23, 2021

We get access, post-Games, to the ticket data to analyze any patterns in terms of incidents and responses.”. Descriptive analytics also help them understand the number of athletes and workers required to support that specific competition or sport.

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

Jet Global

MAY 1, 2023

Use the experts in analytics to add value to your product. Let’s just give our customers access to the data. You’ve settled for becoming a data collection tool rather than adding value to your product. Ideally, your primary data source should belong in this group. Diagnostic Analytics: No longer just describing.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52