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?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

BizAcuity

MARCH 8, 2019

Human resource leaders are using workforce analytics under various forms such as predictive and prescriptive analytics. A growing number of organizations especially in the event management industry or sector are using workforce analytics to examine and act upon data about their people in the workplace.

Analytics 73

Analytics Prescriptive Analytics Cost-Benefit Metrics 73

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.

Business Analytics 131

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 131

datapine

NOVEMBER 27, 2019

That way, any unexpected event will be immediately registered and the system will notify the user. 4) Predictive And Prescriptive Analytics Tools. Business analytics of tomorrow is focused on the future and tries to answer the questions: what will happen? Prescriptive analytics goes a step further into the future.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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.

Data Science 80

Data Science Data Analytics Prescriptive Analytics Analytics 80

Birst BI

OCTOBER 30, 2018

Remember when you began your career and the prospect of retirement was an event in the distant future? The credit scores generated by the predictive model are then used to approve or deny credit cards or loans to customers. A well-designed credit scoring algorithm will properly predict both the low- and high-risk customers.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Jet Global

MAY 1, 2023

Predictive Analytics: If x, then y (e.g., Prescriptive Analytics: Here’s what to do to achieve a desired outcome (e.g., Most companies that deploy BI and analytics lean to the left side of this model. Now explaining why things happened (e.g., West Coast sales have plummeted because of bad weather).

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52