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 135

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 135

IBM Big Data Hub

SEPTEMBER 19, 2023

An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components. Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred.

Data Science 77

Data Science Data Analytics Prescriptive Analytics Analytics 77

Rocket-Powered Data Science

OCTOBER 6, 2023

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.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Jet Global

MAY 1, 2023

Leading research and consultancy company, Gartner describes the path that businesses take as they move to higher levels: Descriptive Analytics: Describe what happened (e.g., Diagnostic Analytics: No longer just describing. sales went up, and here’s a chart depicting that trend). Now explaining why things happened (e.g.,

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52