CIO Business Intelligence

JUNE 7, 2022

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.

Data Analytics 129

Data Analytics Diagnostic Analytics Management Analytics 129

CIO Business Intelligence

JULY 5, 2022

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward.

Business Analytics 126

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 126

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 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

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. Pay attention!

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

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FineReport

MARCH 24, 2024

Rapid technological advancements and extensive networking have propelled the evolution of data analytics, fundamentally reshaping decision-making practices across various sectors. Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios.

Statistics 52

Statistics Data mining Visualization Reporting 52

BizAcuity

MARCH 31, 2022

The widespread adoption of AI technology is fueled by 3 major challenges that businesses have been facing since the last decade. Artificial Intelligence Analytics. This article (like thousands of other articles), is aimed at presenting consolidated information about AI for business in simple language. AI for Business. AI in Healthcare.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52