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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

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.

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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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Re-Visualizing Business Intelligence, now let’s chat!

Smarten

We know that by designing self-learning programs, we are in a position to provide prescriptive analytics. Some prescriptive analytics based on known parameters were always a part of ERP or BI offering. Original Post: Re-Visualizing Business Intelligence, now let’s chat!

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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

It features support for creating and visualizing decision tree–driven customer interaction flows. Geared for midsize/large companies, Parmenides Eidos provides visual reasoning and knowledge representation to support scenario-based strategizing, problem solving, and decision-making. Analytics, Data Science Parmenides Edios.

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MRO spare parts optimization

IBM Big Data Hub

Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms? Can you conduct what-if scenarios to visualize your options? It can be if you rely on a spreadsheet, physical asset counts or solely on condition monitoring.