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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

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?

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The future of data: A 5-pillar approach to modern data management

CIO Business Intelligence

By modern, I refer to an engineering-driven methodology that fully capitalizes on automation and software engineering best practices. Pillar #3: Analytics and reporting This pillar represents the most traditional aspect of data management, encompassing both descriptive and diagnostic analytics capabilities.

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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. Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred.