CIO Business Intelligence
JULY 5, 2022
What are the benefits of business analytics? Data analytics is used across disciplines to find trends and solve problems using data mining , data cleansing, data transformation, data modeling, and more. What is the difference between business analytics and business intelligence? Kaiser Permanente streamlines operations.
IBM Big Data Hub
SEPTEMBER 19, 2023
Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations. Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred.
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CIO Business Intelligence
JUNE 7, 2022
More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics vs. business analytics.
Rocket-Powered Data Science
OCTOBER 6, 2023
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. How do predictive and prescriptive analytics fit into this statistical framework?
Jet Global
MAY 1, 2023
Leading research and consultancy company, Gartner describes the path that businesses take as they move to higher levels: Descriptive Analytics: Describe what happened (e.g., Diagnostic Analytics: No longer just describing. Predictive Analytics: If x, then y (e.g., Now explaining why things happened (e.g.,
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