CIO Business Intelligence

JULY 5, 2022

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.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

IBM Big Data Hub

SEPTEMBER 19, 2023

Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machine learning models and develop artificial intelligence (AI) applications.

Data Science 85

Data Science Data Analytics Prescriptive Analytics Analytics 85

Smart Data Collective

OCTOBER 14, 2019

They can use predictive, descriptive and prescriptive analytics to help CSCOs turn metrics into insights for better decision-making. Software developers will also want to take classes in data visualization and data mining. Machine learning is a trending field and a hot topic right now. Apache Spark. Other coursework.

Big Data 75

Big Data Software Data mining Prescriptive Analytics 75

IBM Big Data Hub

JULY 6, 2023

Other challenges include communicating results to non-technical stakeholders, ensuring data security, enabling efficient collaboration between data scientists and data engineers, and determining appropriate key performance indicator (KPI) metrics. It’s also necessary to understand data cleaning and processing techniques.

Machine Learning 60

Machine Learning Data Science Statistics Deep Learning 60

Birst BI

OCTOBER 30, 2018

Descriptive analytics are useful because this method of analysis enables financial services companies to learn from past behaviors. Descriptive analytics techniques are often used to summarize important business metrics such as account balance growth, average claim amount and year-over-year trade volumes.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Sisense

AUGUST 11, 2019

BI lets you apply chosen metrics to potentially huge, unstructured datasets, and covers querying, data mining , online analytical processing ( OLAP ), and reporting as well as business performance monitoring, predictive and prescriptive analytics.

Business Intelligence 75

Business Intelligence Business Analytics Analytics OLAP 75

AWS Big Data

MARCH 26, 2024

The following figure shows some of the metrics derived from the study. Strategize based on how your teams explore data, run analyses, wrangle data for downstream requirements, and visualize data at different levels. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics.

Data Strategy 68

Data Strategy Strategy Data Warehouse Prescriptive Analytics 68