Rocket-Powered Data Science

OCTOBER 6, 2023

Note how this simple mathematical expression of prescriptive analytics is exactly the opposite of our previous expression of predictive analytics (given X, find Y). 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?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. Your Chance: Want to try a professional BI analytics software? Business Intelligence And Analytics Lead To ROI.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Smarten

NOVEMBER 26, 2023

This approach typically focuses on descriptive analytics based on historical data to answer the question “What happened?” or What is happening? The primary difference between traditional and modern BI lies in flexibility and accessibility.

Marketing 40

Marketing Business Intelligence Key Performance Indicator Prescriptive Analytics 40

Jet Global

MAY 1, 2023

These licensing terms are critical: Perpetual license vs subscription: Subscription is a pay-as-you-go model that provides flexibility as you evaluate a vendor. Pricing model: The pricing scale is dependent on several factors. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52