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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

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. In business analytics, this is the purview of business intelligence (BI). Data analytics vs. business analytics.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Data analytics is a task that resides under the data science umbrella and is done to query, interpret and visualize datasets. Business users will also perform data analytics within business intelligence (BI) platforms for insight into current market conditions or probable decision-making outcomes.

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Consider the Benefits of Augmented Analytics

Smarten

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. Every business needs to understand how these solutions can and will affect users, processes and workflow.

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What is FP Growth Analysis and How Can a Business Use Frequent Pattern Mining to Analyze Data?

Smarten

Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions. Cross marketing/Selling – To work with other businesses that complement your business, but not your competitors.

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What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

Manufacturing – Has the cycle time or defect instance been reduced following a particular process change. Let’s look at two use cases to better understand the benefit of this technique in business analysis. This type of analysis can be useful in numerous situations. Use Case – 1.

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What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

Cross Marketing and Selling – To work with other businesses that complement your own, not competitors. For example, vehicle dealerships and manufacturers have cross marketing campaigns with oil and gas companies for obvious reasons.

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Augmented Analytics Algorithms and Techniques: Learning for Citizen Data Scientists

Smarten

Use Case(s): Predict if loan default based on attributes of applicant; predict likelihood of successful treatment of new patient based on patient attributes and more. Paired Sample T Test: What is the Paired Sample T Test and How is it Beneficial to Business Analysis?