Descriptive Analytics Predictive Modeling Prescriptive Analytics ROI 
Rocket-Powered Data Science
OCTOBER 6, 2023
Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?
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? And that is exactly what is happening!
Jet Global
MAY 1, 2023
Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. Benefits: The combination of strategic benefits (e.g., cost reduction).
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