Remove Dashboards Remove Predictive Analytics Remove Prescriptive Analytics
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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns. Predictive analytics: What is likely to happen in the future? Prescriptive analytics: What do we need to do? Business analytics dashboard components.

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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. Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

An analytics alternative that goes beyond descriptive analytics is called “Predictive Analytics.”. Predictive Analytics: Predicting Future Outcomes. While descriptive analytics are focused on historical performance, predictive analytics are about predicting future outcomes.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Bayer Crop Science has applied analytics and decision-support to every element of its business, including the creation of “virtual factories” to perform “what-if” analyses at its corn manufacturing sites. ERP dashboards. Dashboards and other user interfaces that allow users to interact with and view results. Clinical DSS.

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Data Visualization and Visual Analytics: Seeing the World of Data

Sisense

Data is usually visualized in a pictorial or graphical form such as charts, graphs, lists, maps, and comprehensive dashboards that combine these multiple formats. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes.

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Reporting vs Analytics: Why Different & Which is More Needed?

FineReport

Dashboard Example: Grid Monitoring(by FineReport). A dashboard is a graphical interface that usually provides an overview of key performance indicators (KPIs) concerning a definite goal or business process. Predictive analytics (answer what will happen in the future?) Advanced reporting software (i.e.,

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Having the right data strategy and data architecture is especially important for an organization that plans to use automation and AI for its data analytics. The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets.