CIO Business Intelligence

JULY 5, 2022

Business analytics and business intelligence (BI) serve similar purposes and are often used as interchangeable terms, but BI can be considered a subset of business analytics. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. Business analytics techniques.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

IBM Big Data Hub

SEPTEMBER 19, 2023

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. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Cloudera

SEPTEMBER 22, 2022

The next step leads to performing exploratory, descriptive analytics, “why is this happening,” and so on. Finally, the end goal is to enable proactive, predictive analytics — “what if” — using applied ML and AI to better predict what will happen and recommend actions to prevent or manage activities as necessary.

Analytics 101

Analytics Insurance IoT Risk 101

CIO Business Intelligence

JANUARY 20, 2023

Business intelligence vs. business analytics Business analytics and BI serve similar purposes and are often used as interchangeable terms, but BI should be considered a subset of business analytics. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward.

Business Intelligence 144

Business Intelligence Dashboards Data mining OLAP 144

O'Reilly on Data

OCTOBER 16, 2018

Create a coherent BI strategy that aligns data collection and analytics with the general business strategy. They recognize the instrumental role data plays in creating value and see information as the lifeblood of the organization. That’s why decision-makers consider business intelligence their top technology priority.

Business Intelligence 150

Business Intelligence Data Science Descriptive Analytics Strategy 150

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

Domino Data Lab

JANUARY 21, 2021

Additionally, the Python ecosystem is flush with open source development projects that maintain the language’s relevancy in the face of new techniques in the field of data science. It’s worth noting that there is a landscape of proprietary tools dedicated to producing descriptive analytics in the name of business intelligence.

Statistics 106

Statistics Unstructured Data Data Science Visualization 106