Rocket-Powered Data Science

OCTOBER 6, 2023

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. Now that we have described predictive and prescriptive analytics in detail, what is there left?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

JULY 5, 2022

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. The discipline is a key facet of the business analyst role. Business analytics techniques.

Business Analytics 120

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 120

datapine

MARCH 25, 2022

There is not a clear line between business intelligence and analytics, but they are extremely connected and interlaced in their approach towards resolving business issues, providing insights on past and present data, and defining future decisions. What’s the difference between Business Analytics and Business Intelligence?

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI).

Data Analytics 123

Data Analytics Diagnostic Analytics Management Analytics 123

BizAcuity

AUGUST 26, 2019

While its operation could throw many challenges your way, it presents even more and bigger opportunities. 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.

Prescriptive Analytics 74

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 74

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. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

BizAcuity

AUGUST 26, 2019

While its operation could throw many challenges your way, it presents even more and bigger opportunities. 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.

Prescriptive Analytics 40

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 40