Rocket-Powered Data Science

JULY 19, 2023

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

Data-driven 186

Data-driven Enterprise Analytics Machine Learning 186

Smarten

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Descriptive Statistics. Access to Flexible, Intuitive Predictive Modeling. Trends and Patterns. Forecasting.

Predictive Analytics 67

Predictive Analytics Analytics Predictive Modeling Prescriptive Analytics 67

FineReport

MARCH 24, 2024

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.

Statistics 52

Statistics Data mining Visualization Reporting 52

IBM Big Data Hub

JULY 6, 2023

Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming. Ultimately, data science is used in defining new business problems that machine learning techniques and statistical analysis can then help solve.

Machine Learning 57

Machine Learning Data Science Statistics Deep Learning 57

Smarten

JANUARY 18, 2023

Gartner defines a citizen data scientist as ‘a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics.’

Key Performance Indicator 52

Key Performance Indicator Prescriptive Analytics Business Objectives Measurement 52

Rocket-Powered Data Science

MARCH 10, 2020

And this: perhaps the most powerful node in a graph model for real-world use cases might be “context”. How does one express “context” in a data model? After all, the standard relational model of databases instantiated these types of relationships in its very foundation decades ago: the ERD (Entity-Relationship Diagram).

Metadata 250

Metadata Machine Learning ROI Prescriptive Analytics 250

Smarten

FEBRUARY 16, 2023

Gartner says that a Citizen Data Scientist is “a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics.” This term has been around for some time and was popularized by Gartner.

Prescriptive Analytics 52

Prescriptive Analytics Statistics Consulting Metrics 52

FineReport

JULY 28, 2021

It can be defined as a combination of statistics, math, and computer science techniques employed to discover the patterns behind data and thus help the decision-making process. Data science generally refers to all the knowledge, techniques, and methods used for data analysis, while data analytics is the manner of analyzing massive data.

Business Intelligence 98

Business Intelligence Data Science Data Analytics Analytics 98

Smart Data Collective

NOVEMBER 24, 2020

Prescriptive Analytics. In the future of business intelligence, eliminating waste will be easier thanks to better statistics, timely reporting on defects and improved forecasts. This shows why self-service BI is on the rise. Using the information in making business predictions is not a new trend. QlickSense.

Business Intelligence 131

Business Intelligence Visualization Dashboards Prescriptive Analytics 131

Smart Data Collective

OCTOBER 14, 2019

Apache Hadoop develops open-source software and lets developers process large amounts of data across different computers by using simple models. They can use predictive, descriptive and prescriptive analytics to help CSCOs turn metrics into insights for better decision-making. Apache Spark. Quantitative Analysis.

Big Data 75

Big Data Software Data mining Prescriptive Analytics 75

Sisense

AUGUST 11, 2019

Typically, this involves using statistical analysis and predictive modeling to establish trends, figuring out why things are happening, and making an educated guess about how things will pan out in the future. What About “Business Intelligence”? But fundamentally, your expertise and judgment are crucial.

Business Intelligence 75

Business Intelligence Business Analytics Analytics OLAP 75

Cloudera

MARCH 2, 2018

Banking, transportation, healthcare, retail, and real estate, all have seen the emergence of new business models fundamentally changing how customers use their services. Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques.

Data-driven 42

Data-driven Prescriptive Analytics Descriptive Analytics Machine Learning 42

Birst BI

OCTOBER 30, 2018

The foundation of predictive analytics is based on probabilities. To generate accurate probabilities of future behavior, predictive analytics combine historical data from any number of applications with statistical algorithms. Integrate the data sources of the various behavioral attributes into a functional data model.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Sisense

SEPTEMBER 12, 2019

A business intelligence strategy is a blueprint that enables businesses to measure their performance, find competitive advantages, and use data mining and statistics to steer the business towards success. . But what is a BI strategy in today’s world? Every company has been generating data for a while now. Do you want to be more efficient?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Rocket-Powered Data Science

JULY 14, 2023

I recently saw an informal online survey that asked users what types of data (tabular; text; images; or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

Analytics 165

Analytics Internet of Things Prescriptive Analytics Data Science 165

Sisense

JUNE 30, 2020

The primary objective of data visualization is to clearly communicate what the data says, help explain trends and statistics, and show patterns that would otherwise be impossible to see. Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. Visualizations: past, present, and future.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

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. What is the point of those obvious statistical inferences? How does that work in practice?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

datapine

NOVEMBER 27, 2019

The demand for real-time online data analysis tools is increasing and the arrival of the IoT (Internet of Things) is also bringing an uncountable amount of data, which will promote the statistical analysis and management at the top of the priorities list. 4) Predictive And Prescriptive Analytics Tools. How can we make it happen?

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smarten

FEBRUARY 27, 2020

The goal of enabling Citizen Data Scientists is to optimize business decisions and the time of data scientists so that business users can confidently leverage advanced analytics tools to make decisions and data scientists can focus on more critical, strategic activities.

Analytics 52

Analytics Prescriptive Analytics Statistics Optimization 52

Smarten

FEBRUARY 11, 2019

Analytics Translators bridge the gap between IT, data scientists and business users, and move initiatives forward by acting as a liaison and topic expert to help the organization focus on the right things to achieve its goals.

Analytics 40

Analytics Prescriptive Analytics ROI Statistics 40

datapine

DECEMBER 4, 2019

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. The commercial use of predictive analytics is a relatively new thing.

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

Smarten

APRIL 11, 2018

Gartner defines a Citizen Data Scientist as ‘a person who creates or generates models that leverage predictive or prescriptive analytics but whose primary job function is outside of the field of statistics and analytics.’ What is a Citizen Data Scientist (Citizen Analyst)?

Analytics 40

Analytics Prescriptive Analytics Business Intelligence ROI 40

Andrew White

JANUARY 11, 2021

Where does the Data Architect role fits in the Operational Model ? Assuming a data architect helps model and guide and assist D&A then they play a key role. Decision modeling (one of my favorites). Explore in dialogue decisions and outcomes rather than focus on data and analytics asked for. Try some gamification?

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

These licensing terms are critical: Perpetual license vs subscription: Subscription is a pay-as-you-go model that provides flexibility as you evaluate a vendor. Pricing model: The pricing scale is dependent on several factors. These advanced analytics become easy for users to apply in their own analyses.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52