Remove Data Warehouse Remove Descriptive Analytics Remove Statistics
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What is business intelligence? Transforming data into business insights

CIO Business Intelligence

Improved employee satisfaction: Providing business users access to data without having to contact analysts or IT can reduce friction, increase productivity, and facilitate faster results. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

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.

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Seven Steps to Success for Predictive Analytics in Financial Services

Birst BI

Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior. The vast majority of financial services companies use the data within their applications for what is called “ Descriptive Analytics.”

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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. Data visualization is used to make the consuming, interpreting, and understanding data as simple as possible, and to make it easier to derive insights from data.

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Disrupt and Innovate in a Data-Driven World

Cloudera

In a next step, the broader adoption of data analysis techniques and tools has the potential to help nonprofits increase their programmatic impact as well as identify completely new ways of achieving their mission. Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques.

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Data trust and the evolution of enterprise analytics in the age of AI

CIO Business Intelligence

If we dig deeper, we find that two factors are really at work: Causal data versus correlated data Data maturity as it relates to business outcomes. One of the most fundamental tenets of statistical methods in the last century has focused on correlation to determine causation.

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What Is Embedded Analytics?

Jet Global

Some cloud applications can even provide new benchmarks based on customer data. Advanced Analytics Some apps provide a unique value proposition through the development of advanced (and often proprietary) statistical models. These advanced analytics become easy for users to apply in their own analyses.