CIO Business Intelligence
JUNE 7, 2022
What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI). Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. For example, how might social media spending affect sales?
CIO Business Intelligence
JULY 5, 2022
What are the benefits of business analytics? Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes. Prescriptive analytics: What do we need to do? Examples of business analytics. San Jose Sharks build fan engagement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
IBM Big Data Hub
SEPTEMBER 19, 2023
The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets. Healthcare systems can also forecast which regions will experience a rise in flu cases or other infections.
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.
Domino Data Lab
MARCH 3, 2021
These could be things such as the total volume of opportunities being processed into a sales queue, or alternatively, the number of potential health and safety risks being recorded in an occupational safety platform based on recommendations and prompts. For example, many sales organizations track sales quarterly.
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. These are primarily forward-looking actionable (proactive) applications.
Jet Global
MAY 1, 2023
In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. Salesforce monitors the activity of a prospect through the sales funnel, from opportunity to lead to customer.
Expert insights. Personalized for you.
134 
Let's personalize your content