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. What is the point of those obvious statistical inferences? Let’s define what these are.

article thumbnail

Impressive Ways that AI Improves Business Analytics Insights

Smart Data Collective

Most traditional business insight tools are no longer capable of processing and visualizing the growing volumes of complex data coming from various devices, channels, and business systems. Artificial intelligence and allied technologies make business insight tools and data analytics software more efficient.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

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.

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. BA and BI are broad terms covering all kinds of technologies and approaches – and, to add to the confusion, are often used interchangeably. Confused yet?

article thumbnail

What Is The Difference Between Business Intelligence And Analytics?

datapine

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. We already saw earlier this year the benefits of Business Intelligence and Business Analytics.

article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.

article thumbnail

What is a business intelligence analyst? A key role for data-driven decisions

CIO Business Intelligence

Business intelligence (BI) analysts transform data into insights that drive business value. It’s a role that combines hard skills such as programming, data modeling, and statistics with soft skills such as communication, analytical thinking, and problem-solving.