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. Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Birst BI

OCTOBER 30, 2018

An analytics alternative that goes beyond descriptive analytics is called “Predictive Analytics.”. Predictive Analytics: Predicting Future Outcomes. While descriptive analytics are focused on historical performance, predictive analytics are about predicting future outcomes.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Domino Data Lab

JUNE 2, 2019

To do this, first review quantitative decisions being made by staff – for example, settlement prices quoted by insurance claims adjusters. The most poignant for me was a simple approach for measuring noise within an organization. Measure how these decisions vary across your population.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. On end user clients calls, are you hearing a greater focus on use cases and greater need for prescriptive analytics, ex marketing analytics, sales analytics, healthcare, etc.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52