Rocket-Powered Data Science

SEPTEMBER 25, 2022

The digital twin is more than a data collector. It is an insight engine, providing not only data for descriptive and diagnostic analytics applications, but also providing essential data for predictive and prescriptive analytics applications.

Diagnostic Analytics 216

Diagnostic Analytics Prescriptive Analytics Internet of Things IoT 216

CIO Business Intelligence

JUNE 7, 2022

What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI). Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Data analytics and data science are closely related.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

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

Domino Data Lab

MARCH 3, 2021

In some cases, data science does generate models directly to revenue, such as a contextual deal engine that targets people with offers that they can instantly redeem. How do we track value enabled through better decision support such as a data science model or a diagnostic visualization versus an experienced manager making decisions?

Metrics 93

Metrics Modeling Data Science Sales 93

BizAcuity

MARCH 31, 2022

Artificial Intelligence Analytics. AI can be applies to all 3 major types of analytics: Descriptive Analytics: The entire journey of the descriptive and diagnostic analytics process includes data extraction, data aggregation and data mining; 3 applications where AI is widely used to reduce costs, and eliminate complex actions.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

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.

Statistics 52

Statistics Data mining Visualization Reporting 52

CIO Business Intelligence

DECEMBER 11, 2024

This approach is repeatable, minimizes dependence on manual controls, harnesses technology and AI for data management and integrates seamlessly into the digital product development process. The higher the criticality and sensitivity to data downtime, the more engineering and automation are needed.

Management 111

Management Data Governance Data Science Reporting 111