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Prescriptive Analytics: An Introduction

DataRobot Blog

Where descriptive analytics reveals what has happened in the past, prescriptive analytics delivers insight into optimizing future decisions. As data-driven organizations mature, they will begin to apply prescriptive analytics. by Jen Underwood. Read More.

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

Dataiku

When during this process, though, should data executives get either predictive or prescriptive? Is there a time when both analytics approaches should be used in unison? We’ll unpack the answers in this blog post.

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Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

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Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations. An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components.

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Optimization technology and AI in the real world: Operational efficiency stories

IBM Big Data Hub

In this blog post, we’ll share real-world stories of how decision optimization technology delivers prescriptive analytics capabilities and opens the door to operational efficiency. We will also introduce you to the IBM data science and AI platform solutions that can deliver operational efficiency that satisfies the business.

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MRO spare parts optimization

IBM Big Data Hub

Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms? The post MRO spare parts optimization appeared first on IBM Blog. It can be if you rely on a spreadsheet, physical asset counts or solely on condition monitoring. Results may vary.