Descriptive Analytics Forecasting Predictive Analytics Reporting 
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).
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. Predictive analytics: What is likely to happen in the future? This is the purview of BI.
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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.
FineReport
MARCH 24, 2024
By conducting extensive research and analysis, they generate reports that inform strategic decisions, identify areas for enhancement, and guide the implementation of new initiatives. Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios.
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.
datapine
MARCH 25, 2022
On the other hand, BA is concerned with more advanced applications such as predictive analytics and statistic modeling. By using Business Intelligence and Analytics (ABI) tools, companies can extract the full potential out of their analytical efforts and make improved decisions based on facts.
CIO Business Intelligence
OCTOBER 10, 2022
The company also wanted to improve forecasting accuracy by harnessing the power of intelligent technologies. FHCS integrated its landscape built on SAP ERP and SAP Business Warehouse with specialized forecasting in SAP Integrated Business Planning (IBP). Save significant time with reporting automation .
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