CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? 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. Business analytics techniques. Predictive analytics: What is likely to happen in the future?

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

JUNE 7, 2022

What are the four types of data analytics? 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. In business analytics, this is the purview of business intelligence (BI).

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

IBM Big Data Hub

SEPTEMBER 19, 2023

Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machine learning models and develop artificial intelligence (AI) applications.

Data Science 80

Data Science Data Analytics Prescriptive Analytics Analytics 80

Smart Data Collective

MARCH 29, 2021

It’s great to know what your customers have already done – what campaigns engage them and which they ignore, what they’ve already purchased, and so forth – but if you really want to outperform the competition, you need to think predictively. In recent years, though, there’s been significant growth in the use of predictive analytics.

Marketing 123

Marketing Metrics Descriptive Analytics Predictive Analytics 123

Cloudera

MARCH 2, 2018

The private sector already very successfully uses data analytics and machine learning not only to realise efficiency gains but also – even more importantly – to create completely new services and business models. Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques.

Data-driven 43

Data-driven Prescriptive Analytics Descriptive Analytics Machine Learning 43

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

The Big Data ecosystem is rapidly evolving, offering various analytical approaches to support different functions within a business. Descriptive Analytics is used to determine “what happened and why.” ” 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