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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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What Is The Difference Between Business Intelligence And Analytics?

datapine

While BI tells you what has happened in the past and what is happening now (descriptive analytics), BA tells you what will happen in the future (predictive analytics). Descriptive analytics : As its name suggests, this analysis method is used to describe and summarize the main characteristics found on a dataset.

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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

Business intelligence can also be referred to as “descriptive analytics”, as it only shows past and current state: it doesn’t say what to do, but what is or was. BI dashboards like the one presented below provide a centralized view of the most important metrics businesses need to stay ahead of their competitors.

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What Is Embedded Analytics?

Jet Global

As rich, data-driven user experiences are increasingly intertwined with our daily lives, end users are demanding new standards for how they interact with their business data. When visualizations alone aren’t enough to set an application apart, is there still a way for product teams to monetize embedded analytics?

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5 Sources of Data for Customer Analytics and Their Benefits

Smart Data Collective

This article will go over the concept of customer service analytics and some of the uses and advantages it could provide to a business. What Is Customer Service Analytics? Below are the different types of customer service analytics and why they matter to your business. Customer Experience Analytics.