CIO Business Intelligence
JUNE 7, 2022
It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems.
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.
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FineReport
MARCH 24, 2024
Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making.
Smart Data Collective
MARCH 11, 2022
There is no disputing that data analytics is a huge gamechanger for companies all over the world. Global businesses are projected to spend over $684 billion on big data by 2030. There are many ways that companies are using big data to boost their profitability. Customer Experience Analytics.
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.
Domino Data Lab
JANUARY 21, 2021
Producing insights from raw data is a time-consuming process. Predictive modeling efforts rely on dataset profiles , whether consisting of summary statistics or descriptive charts. The Importance of Exploratory Analytics in the Data Science Lifecycle. But what about the costs involved with doing so, “properly”?
Rocket-Powered Data Science
OCTOBER 6, 2023
What is the point of those obvious statistical inferences? In statistical terms, the joint probability of event Y and condition X co-occurring, designated P(X,Y), is essentially the probability P(Y) of event Y occurring. How do predictive and prescriptive analytics fit into this statistical framework? Pay attention!
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