Remove Data Analytics Remove Diagnostic Analytics Remove Predictive Modeling Remove Reference
article thumbnail

Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

There are other dimensions of analytics that tend to focus on hindsight for business reporting and causal analysis – these are descriptive and diagnostic analytics, respectively, which are primarily reactive applications, mostly explanatory and investigatory, not necessarily actionable. ” “Just 26.5%

article thumbnail

What Is Embedded Analytics?

Jet Global

that gathers data from many sources. Third-party data might include industry benchmarks, data feeds (such as weather and social media), and/or anonymized customer data. Four Approaches to Data Analytics The world of data analytics is constantly and quickly changing. It’s all about context.