article thumbnail

The 4 Common Challenges of Predictive Analytics Solutions

Jet Global

Predictive analytics is a branch of analytics that uses historical data, machine learning, and Artificial Intelligence (AI) to help users act preemptively. Predictive analytics answers this question: “What is most likely to happen based on my current data, and what can I do to change that outcome?”

article thumbnail

What is The Difference Between BI and Analytics?

Jet Global

Both of these are predictive statistical tools. You can also do prescriptive in Excel using the Solver,” says Langer, “to, for example, optimize a supply chain.” Solver is an add-in you can use to perform if-then analyses; conditional logic is the key to prescriptive.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Embedded Analytics in 2023: A Year in Review

Jet Global

Here are some of the top trends from last year in embedded analytics: Artificial Intelligence : AI and embedded analytics are synergistic technologies that, when combined, offer powerful capabilities for data-driven decision-making within applications. Scalability : Think of growing data volume and performance here.

article thumbnail

What Is Embedded Analytics?

Jet Global

Advanced Analytics Some apps provide a unique value proposition through the development of advanced (and often proprietary) statistical models. These advanced analytics become easy for users to apply in their own analyses. Statistically speaking, you increase your likelihood of success simply by putting your goals on paper.