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

IBM Big Data Hub

SEPTEMBER 19, 2023

For example, retailers can predict which stores are most likely to sell out of a particular kind of product. Healthcare systems can also forecast which regions will experience a rise in flu cases or other infections. Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

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. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on machine learning and/or deep learning.

Data Analytics 134

Data Analytics Diagnostic Analytics Management Analytics 134

IBM Big Data Hub

JULY 6, 2023

Some examples of data science use cases include: An international bank uses ML-powered credit risk models to deliver faster loans over a mobile app. A manufacturer developed powerful, 3D-printed sensors to guide driverless vehicles. An e-commerce conglomeration uses predictive analytics in its recommendation engine.

Machine Learning 59

Machine Learning Data Science Statistics Deep Learning 59

datapine

NOVEMBER 27, 2019

Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. 4) Predictive And Prescriptive Analytics Tools. Business analytics of tomorrow is focused on the future and tries to answer the questions: what will happen?

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. The industries that are users of embedded analytics are interesting. Financial Services represent 13.0

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52