article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What are the four types of data analytics? 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).

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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. Descriptive analytics: Assessing historical trends, such as sales and revenue.

article thumbnail

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. Artificial Intelligence Analytics. You must be tired of continuously hearing quotes like, ‘data is the new oil’ and what not. AI for Business.

article thumbnail

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.