CIO Business Intelligence

JULY 5, 2022

Business analytics also involves data mining, statistical analysis, predictive modeling, and the like, but is focused on driving better business decisions. What is the difference between business analytics and business intelligence? Prescriptive analytics: What do we need to do?

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

JUNE 7, 2022

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 135

Data Analytics Diagnostic Analytics Management Analytics 135

CIO Business Intelligence

NOVEMBER 14, 2022

ERP dashboards. Decision support systems vs. business intelligence DSS and business intelligence (BI) are often conflated. Decision support systems are generally recognized as one element of business intelligence systems, along with data warehousing and data mining. Analytics, Data Science

Data mining 144

Data mining Data-driven Statistics OLAP 144

IBM Big Data Hub

SEPTEMBER 19, 2023

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.

Data Science 83

Data Science Data Analytics Prescriptive Analytics Analytics 83

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Visualization

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

Birst BI

OCTOBER 30, 2018

This data retrieval and summarization capability gave rise to what we now know as the business intelligence industry. Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73