Diagnostic Analytics, IoT, Manufacturing and Risk

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

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

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics

Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

MARCH 31, 2022

85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: 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.

Data Analytics

Data Analytics Analytics Prescriptive Analytics Predictive Analytics

Data Leaders Brief

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

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