Rocket-Powered Data Science

OCTOBER 6, 2023

There are other dimensions of analytics that tend to focus on hindsight for business reporting and causal analysis – these are descriptive and diagnostic analytics, respectively, which are primarily reactive applications, mostly explanatory and investigatory, not necessarily actionable.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

JUNE 7, 2022

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.

Data Analytics 129

Data Analytics Diagnostic Analytics Management Analytics 129

CIO Business Intelligence

JULY 5, 2022

Simplilearn adds a fourth technique : Diagnostic analytics: Why is it happening? Diagnostic analytics uses analytics techniques to discover the factors or reasons for past or current performance. Examples of business analytics. San Jose Sharks build fan engagement.

Business Analytics 126

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 126

IBM Big Data Hub

SEPTEMBER 19, 2023

Business users will also perform data analytics within business intelligence (BI) platforms for insight into current market conditions or probable decision-making outcomes. Many functions of data analytics—such as making predictions—are built on machine learning algorithms and models that are developed by data scientists.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

bridgei2i

FEBRUARY 12, 2019

Addressing the transformative impact of exponential technologies across industries, the chapter: ‘Staying Relevant in Changing Times: AI to the Forefront of the CPG Storefront,’ touches upon diagnostic analytics and changing consumer behavior in the CPG sector.

Technology 40

Technology Diagnostic Analytics Contextual Data Advertising 40

BizAcuity

MARCH 31, 2022

By 2025, AI will be the top category driving infrastructure decisions, due to the maturation of the AI market, resulting in a tenfold growth in compute requirements. 85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: AI in Marketing. Source: Gartner Research).

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52