IBM Big Data Hub

SEPTEMBER 19, 2023

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.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? This post will dive deeper into the nuances of each field.

Machine Learning 59

Machine Learning Data Science Statistics Deep Learning 59

CIO Business Intelligence

JUNE 7, 2022

Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance. What are the four types of data analytics? It is frequently used for economic and sales forecasting.

Data Analytics 134

Data Analytics Diagnostic Analytics Management Analytics 134

CIO Business Intelligence

NOVEMBER 14, 2022

With organizations increasingly focused on data-driven decision making, decision science (or decision intelligence) is on the rise, and decision scientists may be the key to unlocking the potential of decision science systems. Forecasting models. Analytics, Data Science Document-driven DSS.

Data mining 137

Data mining Data-driven Statistics OLAP 137

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.

Statistics 52

Statistics Data mining Visualization Reporting 52

Smart Data Collective

OCTOBER 14, 2019

A global retailer like Amazon with its same-day shipping and multi-channel services might have billions of data points across several sectors. Gartner estimates a retail IT spend forecast of $210.9 billion allocated for data center systems and $90.2 These can help a developer find a career in the data science field.

Big Data 74

Big Data Software Data mining Prescriptive Analytics 74

BizAcuity

MARCH 31, 2022

Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management. A lot of testing AI methods can be utilized for better and more accurate outcomes from mining the data.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52