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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Research firm Gartner defines business analytics as “solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”. Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Data analytics is a task that resides under the data science umbrella and is done to query, interpret and visualize datasets. Business users will also perform data analytics within business intelligence (BI) platforms for insight into current market conditions or probable decision-making outcomes.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

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.

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

Smart Data Collective

The market for business intelligence services is expected to reach $33.5 Prescriptive Analytics. The emerging trends of the last decade prove that in the future of business intelligence, the market of BI-as-a-Service will grow exponentially. Unique feature: custom visualizations to fit your business needs better.

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Monetizing Analytics Features: Why Data Visualizations Will Never Be Enough

Think your customers will pay more for data visualizations in your application? But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics. Five years ago they may have.

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

CIO Business Intelligence

Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help. It features support for creating and visualizing decision tree–driven customer interaction flows. Analytics, Data Science ERP dashboards. These systems help managers monitor performance indicators.

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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.