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?

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

Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns. Predictive analytics: What is likely to happen in the future? Prescriptive analytics: What do we need to do? Examples of business analytics. This is the purview of BI.

Business Analytics 126

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 126

IBM Big Data Hub

SEPTEMBER 19, 2023

Having the right data strategy and data architecture is especially important for an organization that plans to use automation and AI for its data analytics. The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets.

Data Science 79

Data Science Data Analytics Prescriptive Analytics Analytics 79

BizAcuity

MARCH 31, 2022

Enterprise Artificial Intelligence. Enterprise Artificial intelligence (AI) is a common jargon used to refer to how an organization integrates artificial intelligence (AI) into its infrastructure to drive digital transformation. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes.

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. The business department can view reports or update data fillings.

Statistics 52

Statistics Data mining Visualization Reporting 52

Sisense

SEPTEMBER 12, 2019

Originating with Gartner, this chart includes the analytic features needed for a full analytics strategy, and what our AI team believe to be the absolute future of analytics – Cognitive Analytics. . In order to know where to go, you must first find yourself on this chart. Do you want to be more efficient?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81