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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Cognitive analytics is basically the opposite of descriptive analytics. Pay attention!

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Improve Underwriting Using Data and Analytics

Cloudera

To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. It’s not easy, but it can be done in pragmatic steps to yield results.

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Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

Integrating IoT and route optimization are two other important places that use AI. The healthcare industry stores ridiculously high amounts of big data- both structured and unstructured for research & development, population health management, technological innovations, patient health history and their medical reports management.

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The Data Behind Tokyo 2020: The Evolution of the Olympic Games

Sisense

Descriptive analytics also help them understand the number of athletes and workers required to support that specific competition or sport. This analytics engine will process both structured and unstructured data. “We “We get access, post-Games, to the ticket data to analyze any patterns in terms of incidents and responses.”.