article thumbnail

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

BizAcuity

Integrating IoT and route optimization are two other important places that use AI. Predictive Analytics: Predictive analytics is the most talked about topic of the decade in the field of data science. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes.

article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

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. This is predictive power discovery.