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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

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. Another way of saying this is: given some desired optimal outcome Y, what conditions X should we put in place.

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

According to Harvard Business School Online, there are three primary types of business analytics : Descriptive analytics: What is happening in your business right now? Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns.

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

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. SQL manages and retrieves data from databases, handling larger datasets.

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

BizAcuity

This article (like thousands of other articles), is aimed at presenting consolidated information about AI for business in simple language. Marketers also have access to several AI softwares to save time and optimize their work at every step of the funnel. Artificial Intelligence Analytics. AI for Business. AI in Healthcare.

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What Is Embedded Analytics?

Jet Global

Create a quantitative analysis that proves how embedded analytics are the key to meeting these goals. Discuss, don’t present. Show how embedded analytics will enhance sales and marketing through better demos and shorter sales cycles. Present your business case. It is now most definitely a need-to-have.