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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. This is predictive power discovery. Or more simply: given Y, find X.

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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 methods and techniques.

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Assisted Predictive Modeling for Simple Business Analytics!

Smarten

You can’t get a business loan, join with a business partner, successfully bid on a project, open a new location, hire the right employees or plan for the future without predictive analytics. And, with Assisted Predictive Modeling , you can make these tasks even easier.

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What is SVM Classification Analysis and How Can It Benefit Business Analytics?

Smarten

SVM Classification Analysis can be used for many analytical tasks: Credit/Loan Approval Analysis – Given a list of client transactional attributes, a business can predict whether a client will default on a loan. Medical Diagnosis – Given a list of symptoms, a doctor can predict if a patient has a particular disease.

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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

In the future, companies that come to rely on these new data sources will also need to protect that data — or risk the consequences. Predictive Business Analytics. Predictive analytics is the use of data and AI-powered algorithms to help analysts forecast the future and better predict business outcomes.

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making.

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What Are the Benefits of BI Tools for My Business?

Smarten

Self-serve business intelligence provides an analytics approach that is accessible to business users. This approach to analytics offers many benefits to the business and to its business users and stakeholders.