IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset.

Data Science 83

Data Science Data Analytics Prescriptive Analytics Analytics 83

IBM Big Data Hub

JULY 27, 2022

Refer to the lower part of the diagram below (box 3: Environment), which represents the environments where the workloads run. The AIOps engine is focused on addressing four key things: Descriptive analytics to show what happened in an environment. Predictive analytics to show what will happen next.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

O'Reilly on Data

OCTOBER 16, 2018

As BI evolves from traditional reporting and descriptive analytics toward data science and AI, many practitioners fear that new capabilities will make their skill sets obsolete.Fighting new initiatives is, perhaps, a natural preservation instinct.

Business Intelligence 149

Business Intelligence Data Science Descriptive Analytics Strategy 149

FineReport

APRIL 26, 2023

This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. The term “Big” does not only refer to its size, but also to its capacity to acquire, organize, and process information beyond the capabilities of traditional databases.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Business Over Broadway

MARCH 13, 2019

For our example, to answer our questions, we need to look at two types of analytics: 1) Descriptive and 2) Predictive. Descriptive analytics are used to indicate the current state of the world. This correlation is referred to as the “ derived importance ” of a particular touch point.

Statistics 78

Statistics Measurement Descriptive Analytics Machine Learning 78

CIO Business Intelligence

JANUARY 20, 2023

BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of the business. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward.

Business Intelligence 144

Business Intelligence Dashboards Data mining OLAP 144

Smart Data Collective

MARCH 11, 2022

Below are the different types of customer service analytics and why they matter to your business. Customer Experience Analytics. Customer experience analytics can help you make more money. CX analytics is a type of descriptive analytics in which “what happened” during the customer journey is asked.

Customer Analytics 119

Customer Analytics Analytics Key Performance Indicator Big Data 119