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What are the four types of dataanalytics? In business analytics, this is the purview of business intelligence (BI). Diagnosticanalytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Dataanalytics and datascience are closely related.
Though you may encounter the terms “datascience” and “dataanalytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, dataanalytics is the act of examining datasets to extract value and find answers to specific questions.
There are other dimensions of analytics that tend to focus on hindsight for business reporting and causal analysis – these are descriptive and diagnosticanalytics, respectively, which are primarily reactive applications, mostly explanatory and investigatory, not necessarily actionable.
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