CIO Business Intelligence

JULY 5, 2022

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. The discipline is a key facet of the business analyst role. Business analytics techniques.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

JUNE 7, 2022

What are the four types of data analytics? 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. In business analytics, this is the purview of business intelligence (BI).

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

IBM Big Data Hub

SEPTEMBER 19, 2023

An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components. Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

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

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. Now that we have described predictive and prescriptive analytics in detail, what is there left?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

DECEMBER 11, 2024

Pillar #3: Analytics and reporting This pillar represents the most traditional aspect of data management, encompassing both descriptive and diagnostic analytics capabilities. The introduction of generative AI (genAI) and the rise of natural language data analytics will exacerbate this problem.

Management 111

Management Data Governance Data Science Reporting 111