IBM Big Data Hub

SEPTEMBER 19, 2023

Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred. Manufacturers can analyze a failed component on an assembly line and determine the reason behind its failure. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI).

Data Analytics 127

Data Analytics Diagnostic Analytics Management Analytics 127

FineReport

APRIL 26, 2023

For example, a computer manufacturing company could develop new models or add features to products that are in high demand. 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.”

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

OCTOBER 10, 2022

Shifting descriptive analytics to predictive analytics is a huge undertaking for most companies in their digital transformation. With enterprise-wide planning, we built a simulation platform to establish confidence in our predictions and ensure a smooth transition to predictive steering,” said Jochen Moelber, CIO of FHCS. .

Enterprise 52

Enterprise Forecasting Descriptive Analytics Digital Transformation 52

BizAcuity

MARCH 31, 2022

AI comes handy for managing inventory, manufacturing, production and marketing. Artificial Intelligence Analytics. Customer satisfaction is the single-most priority that this entire industry is centered around. It can only be achieved through sophisticated use of AI. AI Platforms. Not to be confused with AI-driven platforms.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Rocket-Powered Data Science

OCTOBER 6, 2023

Here are a few business examples of this type of prescriptive analytics: Which marketing campaign is most efficient and effective (has best ROI) in optimizing sales? Which environmental factors during manufacturing, packaging, or shipping lead to reduced product returns? Which pricing strategies lead to the best business revenue?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Jet Global

MAY 1, 2023

The industries that are users of embedded analytics are interesting. The Business Services group leads in the usage of analytics at 19.5 And Manufacturing and Technology, both 11.6 The sample included 1,931 knowledge workers from various industries, including financial services, healthcare, and manufacturing.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52