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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

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).

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior. The vast majority of financial services companies use the data within their applications for what is called “ Descriptive Analytics.”

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Themes and Conferences per Pacoid, Episode 10

Domino Data Lab

To do this, first review quantitative decisions being made by staff – for example, settlement prices quoted by insurance claims adjusters. The most poignant for me was a simple approach for measuring noise within an organization. Measure how these decisions vary across your population.