article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?

article thumbnail

What’s the Difference Between Business Intelligence and Business Analytics?

Sisense

This is where Business Analytics (BA) and Business Intelligence (BI) come in: both provide methods and tools for handling and making sense of the data at your disposal. So…what is the difference between business intelligence and business analytics? What Does “Business Analytics” Mean?

article thumbnail

Top 10 Analytics And Business Intelligence Trends For 2020

datapine

Share the essential business intelligence trends among your team! 4) Predictive And Prescriptive Analytics Tools. Business analytics of tomorrow is focused on the future and tries to answer the questions: what will happen? Prescriptive analytics goes a step further into the future.