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. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on machine learning and/or deep learning.

Data Analytics 133

Data Analytics Diagnostic Analytics Management Analytics 133

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

FineReport

APRIL 26, 2023

Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. E-commerce giants like Alibaba and Amazon extensively use big data to understand the market. ” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Birst BI

OCTOBER 30, 2018

Every day, these companies pose questions such as: Will this new client provide a good return on investment, relative to the potential risk? Is this existing client a termination risk? A well-designed credit scoring algorithm will properly predict both the low- and high-risk customers. Will this next trade return a profit?

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Sisense

JUNE 30, 2020

Data is usually visualized in a pictorial or graphical form such as charts, graphs, lists, maps, and comprehensive dashboards that combine these multiple formats. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

AWS Big Data

MARCH 26, 2024

For example, you can use C360 to segment and create marketing campaigns that are more likely to resonate with specific groups of customers. faster time to market, and 19.1% AWS Data Exchange makes it straightforward to find, subscribe to, and use third-party data for analytics. Organizations using C360 achieved 43.9%

Data Strategy 69

Data Strategy Strategy Data Warehouse Prescriptive Analytics 69

Alation

MARCH 21, 2023

With data analytics , travel organizations can gain real-time insights about customers to make strategic decisions and improve their travel experience. For example, if an airline needs to cancel a flight, it can leverage data analytics to notify customers of the change and help them adjust their travel plans.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52