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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What are the four types of data analytics? More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI).

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

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. This is the purview of BI.

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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

The probability of the condition X occurring, P(X), is irrelevant since the existence of the precondition X is implicitly present by default. Using the same statistical terminology, the conditional probability P(Y|X) (the probability of Y occurring, given the presence of precondition X) is an expression of predictive analytics.

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What Is The Difference Between Business Intelligence And Analytics?

datapine

There is not a clear line between business intelligence and analytics, but they are extremely connected and interlaced in their approach towards resolving business issues, providing insights on past and present data, and defining future decisions. What Is Business Intelligence And Analytics?

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Are You Getting The Most Out Of Your Marketing Data?

Smart Data Collective

Remarketing is essentially what it sounds like; based on earlier insights, you have the opportunity to present your brand to potential clients a second time. Many businesses restrict themselves to descriptive analytics, or what’s described above as knowing what your customers have already done. Generate More Reports.

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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way. 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.

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Prescriptive Analytics – a Winning Bet for Casinos

BizAcuity

It has not only tripled in size in recent years but sources predict that it is about to rise to new heights in the coming years. While its operation could throw many challenges your way, it presents even more and bigger opportunities. Ever since the digitization of casinos, casino managers are being exposed to a great deal of data.