CIO Business Intelligence

JULY 5, 2022

Research firm Gartner defines business analytics as “solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”. What are the benefits of business analytics? Prescriptive analytics: What do we need to do? Examples of business analytics.

Business Analytics 135

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 135

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. It is frequently used for economic and sales forecasting.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

IBM Big Data Hub

SEPTEMBER 19, 2023

Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machine learning models and develop artificial intelligence (AI) applications.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

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

Domino Data Lab

MARCH 3, 2021

How do we track value enabled through better decision support such as a data science model or a diagnostic visualization versus an experienced manager making decisions? Still, we often lose context regarding the inputs, assumptions, and external factors that may impact a bottom-line result. But what about good decisions?

Metrics 93

Metrics Modeling Sales Data Science 93

BizAcuity

MARCH 31, 2022

Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management. Artificial Intelligence Analytics. Prescriptive Analytics: Prescriptive analytics is the most complex form of analytics.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Birst BI

FEBRUARY 13, 2018

The user can’t be assumed to be an internal user who can be trained, so intuitive visualization and interfaces are a must.”. The result is a consistent enterprise view that enables users with self-service analytics through world-class dashboards, drill-down reporting, visual discovery, mobile tools, and predictive analytics.

Business Intelligence 66

Business Intelligence Diagnostic Analytics Analytics Visualization 66