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 125

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 125

IBM Big Data Hub

SEPTEMBER 19, 2023

Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. A content streaming provider will often use descriptive analytics to understand how many subscribers it has lost or gained over a given period and what content is being watched.

Data Science 82

Data Science Data Analytics Prescriptive Analytics Analytics 82

Birst BI

OCTOBER 30, 2018

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.”

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Smart Data Collective

MARCH 29, 2021

Get started by focusing on these four insights and metrics. Predictive analytics includes several different approaches , including forecasting and regression analysis, and is one of three major levels at which businesses can engage with data; the other two are descriptive and prescriptive. Highlight CLV.

Marketing 123

Marketing Metrics Descriptive Analytics Predictive Analytics 123

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. Yes, business acumen is difficult to collect. Were you prepared for that? First, we have the data.

Machine Learning 40

Machine Learning Metrics Descriptive Analytics Testing 40