Remove Business Analytics Remove Manufacturing Remove Predictive Modeling
article thumbnail

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. In business analytics, this is the purview of business intelligence (BI). Data analytics vs. business analytics.

article thumbnail

How IBM Planning Analytics can help fix your supply chain

IBM Big Data Hub

With the right technology-foundation in place, it becomes easier to tackle the business alignment questions, starting with designing an end-to-end integrated business planning process that will lead efficiently to a consensus forecast (or plan). In a manufacturing, distribution or retail context, this is the supply plan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

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.

article thumbnail

Announcing the 2021 Data Impact Awards

Cloudera

With use cases across Manufacturing, Financial Services, Healthcare, and beyond, our customers showcased immense innovations in tackling some big challenges. Industry Transformation: Telkomsel — Ingesting 25TB of data daily to provide advanced customer analytics in real-time .

article thumbnail

What is FP Growth Analysis and How Can a Business Use Frequent Pattern Mining to Analyze Data?

Smarten

Cross marketing/Selling – To work with other businesses that complement your business, but not your competitors. For example, vehicle dealerships and manufacturers have cross marketing campaigns with oil and gas companies for obvious reasons.

article thumbnail

What is the Paired Sample T Test and How is it Beneficial to Business Analysis?

Smarten

Manufacturing – Has the cycle time or defect instance been reduced following a particular process change. Let’s look at two use cases to better understand the benefit of this technique in business analysis. This type of analysis can be useful in numerous situations. Use Case – 1.

article thumbnail

What is Frequent Pattern Mining (Association) and How Does it Support Business Analysis?

Smarten

Cross Marketing and Selling – To work with other businesses that complement your own, not competitors. For example, vehicle dealerships and manufacturers have cross marketing campaigns with oil and gas companies for obvious reasons.