Remove Prescriptive Analytics Remove Statistics Remove Structured Data Remove Testing
article thumbnail

Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

article thumbnail

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

CIO Business Intelligence

They emphasize access to and manipulation of large databases of structured data, often a time-series of internal company data and sometimes external data. Commonly used models include: Statistical models. XLSTAT is an Excel data analysis add-on geared for corporate users and researchers. Model-driven DSS.

article thumbnail

Delivering Low-latency Analytics Products for Business Success

Rocket-Powered Data Science

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 166