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This is what makes the casino industry a great use case for prescriptiveanalyticstechnologies and applications. The need for prescriptiveanalytics. Prescriptiveanalytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.
Fortunately, advances in analytictechnology have made the ability to see reliably into the future a reality. An analytics alternative that goes beyond descriptive analytics is called “PredictiveAnalytics.”. PredictiveAnalytics: Predicting Future Outcomes.
This is what makes the casino industry a great use case for prescriptiveanalyticstechnologies and applications. The need for prescriptiveanalytics. Prescriptiveanalytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.
In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analyticstechnology including predictiveanalytics for sales forecasting. Making AI Real (Part 2).
‘To fulfill the role of a Citizen Data Scientist, business users today can leverage augmented analytics solutions; that is analytics that provide simple recommendations and suggestions to help users easily choose visualization and predictiveanalytics techniques from within the analytical tool without the need for expert analytical skills.’
Gartner defines a citizen data scientist as, ‘ a person who creates or generates models that leverage predictive or prescriptiveanalytics, but whose primary job function is outside of the field of statistics and analytics.’ So, let’s get started. What is a Cititzen Data Scientist? Who is a Citizen Data Scientist?
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