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 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI). Data analytics examples.

Data Analytics 129

Data Analytics Diagnostic Analytics Management Analytics 129

Domino Data Lab

MARCH 3, 2021

It’s often stated that nothing changes inside an enterprise because you’ve built a model. In some cases, data science does generate models directly to revenue, such as a contextual deal engine that targets people with offers that they can instantly redeem. But what about good decisions?

Metrics 93

Metrics Modeling Sales Data Science 93

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

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 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Jet Global

MAY 1, 2023

These licensing terms are critical: Perpetual license vs subscription: Subscription is a pay-as-you-go model that provides flexibility as you evaluate a vendor. Pricing model: The pricing scale is dependent on several factors. Show how embedded analytics will enhance sales and marketing through better demos and shorter sales cycles.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52