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. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on machine learning and/or deep learning.

Data Analytics 129

Data Analytics Diagnostic Analytics Management Analytics 129

IBM Big Data Hub

JANUARY 25, 2024

Over time, inventory managers have tested different approaches to determine the best fit for their organizations. Considering that IDC surveyed 37% of companies that manage spare parts inventory by using spreadsheets, email, shared folders or an uncertain approach, it becomes evident that this practice carries more risk than it might seem.

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

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. AWS S3: Offers cloud storage for storing and retrieving large datasets.

Statistics 52

Statistics Data mining Visualization Reporting 52

Rocket-Powered Data Science

JULY 14, 2023

When data science was in its “early days” within businesses, the data scientists mostly worked offline with static sources (like databases or web-based reports) to build and test analytics models for potential deployment in the enterprise. These may not be high risk. They might actually be high-reward discoveries.

Analytics 166

Analytics Internet of Things Prescriptive Analytics Data Science 166

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. (Source: Gartner Research). Source: TCS). Source: Gartner Research). Applications of AI.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

datapine

NOVEMBER 27, 2019

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. 4) Predictive And Prescriptive Analytics Tools.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361