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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What are the benefits of business analytics? What is the difference between business analytics and business intelligence? Business analytics techniques.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Data science is an area of expertise that combines many disciplines such as mathematics, computer science, software engineering and statistics.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. According to Gartner, the goal is to design, model, align, execute, monitor, and tune decision models and processes. Model-driven DSS. They emphasize access to and manipulation of a model.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance. What are the four types of data analytics? It is frequently used for economic and sales forecasting.

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Big Data Skill sets that Software Developers will Need in 2020

Smart Data Collective

For current and future software development companies that want to be knowledgeable about using data and analysis, a few big data skillsets will help give them leverage in the coming year. Gartner estimates a retail IT spend forecast of $210.9 Software businesses are using Hadoop clusters on a more regular basis now.

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What is the Future of Business Intelligence in the Coming Year?

Smart Data Collective

Business intelligence software will be more geared towards working with Big Data. The current BI trends show that in the future, the BI software will be more accessible, so that even non-techie workers will rely on data insights in their working routine. Prescriptive Analytics. Data Governance. Identify Opportunities.

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