CIO Business Intelligence

JUNE 7, 2022

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

Data Analytics 131

Data Analytics Diagnostic Analytics Management Analytics 131

FineReport

APRIL 26, 2023

This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

IBM Big Data Hub

JULY 6, 2023

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 data science? This post will dive deeper into the nuances of each field.

Machine Learning 54

Machine Learning Data Science Statistics Deep Learning 54

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. JPMorgan Chase & Co.:

Statistics 52

Statistics Data mining Visualization Reporting 52

BizAcuity

MARCH 31, 2022

of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. 85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Alation

MARCH 21, 2023

To fully realize data’s value, organizations in the travel industry need to dismantle data silos so that they can securely and efficiently leverage analytics across their organizations. What is big data in the travel and tourism industry? Otherwise, they risk a data privacy violation.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

AWS Big Data

MARCH 26, 2024

Enrichment typically involves adding demographic, behavioral, and geolocation data. You can use third-party data products from AWS Marketplace delivered through AWS Data Exchange to gain insights on income, consumption patterns, credit risk scores, and many more dimensions to further refine the customer experience.

Data Strategy 69

Data Strategy Strategy Data Warehouse Prescriptive Analytics 69