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 78

Data Science Data Analytics Prescriptive Analytics Analytics 78

CIO Business Intelligence

JULY 5, 2022

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. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. Business analytics techniques.

Business Analytics 120

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 120

Smart Data Collective

MARCH 29, 2021

Get started by focusing on these four insights and metrics. Many businesses restrict themselves to descriptive analytics, or what’s described above as knowing what your customers have already done. In recent years, though, there’s been significant growth in the use of predictive analytics. Highlight CLV.

Marketing 123

Marketing Metrics Descriptive Analytics Predictive Analytics 123

CIO Business Intelligence

JANUARY 20, 2023

The potential use cases for BI extend beyond the typical business performance metrics of improved sales and reduced costs. Business intelligence vs. business analytics Business analytics and BI serve similar purposes and are often used as interchangeable terms, but BI should be considered a subset of business analytics.

Business Intelligence 136

Business Intelligence Dashboards Data mining OLAP 136

datapine

MARCH 25, 2022

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.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

datapine

JANUARY 31, 2022

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.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Grooper

AUGUST 19, 2019

What are the metrics that business wants to see and why it is valuable? Then we discover other metrics we can create to provide value along the line based on gathered requirements and interviewing right people and understanding business. I have learned that trust is required to take data modeling in production. Machine learning.

Machine Learning 40

Machine Learning Metrics Descriptive Analytics Testing 40