CIO Business Intelligence

JULY 5, 2022

Business analytics and business intelligence (BI) serve similar purposes and are often used as interchangeable terms, but BI can be considered a subset of business analytics. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. Business analytics techniques.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

IBM Big Data Hub

SEPTEMBER 19, 2023

Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. Manufacturers can analyze a failed component on an assembly line and determine the reason behind its failure.

Data Science 83

Data Science Data Analytics Prescriptive Analytics Analytics 83

Birst BI

OCTOBER 30, 2018

Remember when you began your career and the prospect of retirement was an event in the distant future? 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

Domino Data Lab

JUNE 2, 2019

If your business is using big data and putting dashboards in front of analysts, you’re missing the point.”. Then calculate the variance divided by the mean to construct a metric for noise in decision-making. For kicks, try calculating this kind of metric within your own organization. Upcoming events.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

datapine

JANUARY 31, 2022

BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way. Business intelligence can also be referred to as “descriptive analytics”, as it only shows past and current state: it doesn’t say what to do, but what is or was.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Jet Global

MAY 1, 2023

Their dashboards were visually stunning. In turn, end users were thrilled with the bells and whistles of charts, graphs, and dashboards. When visualizations alone aren’t enough to set an application apart, is there still a way for product teams to monetize embedded analytics? Yes—but basic dashboards won’t be enough.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52