datapine

MARCH 25, 2022

It seems clear that there isn’t one standard “correct” definition of the differences between the two terms. The most straightforward and useful difference between business intelligence and data analytics boils down to two factors: What direction in time are we facing; the past or the future? Definition: description vs prediction.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Rocket-Powered Data Science

OCTOBER 6, 2023

The counterexample to the supervised learning explanation of precursor analytics is a “black swan” event – a rare high-impact event that is difficult to predict under normal circumstances – such as the global pandemic, which led to the failure of many predictive models in business. Pay attention! Ask questions about this!”

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

CIO Business Intelligence

JANUARY 20, 2023

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

Business Intelligence 144

Business Intelligence Dashboards Data mining OLAP 144

Cloudera

SEPTEMBER 22, 2022

This approach does not by definition mean that we need great quantities of data sources, just that we need the right ones. The next step leads to performing exploratory, descriptive analytics, “why is this happening,” and so on. Utilizing a variety of data sources creates a more accurate picture of risks.

Analytics 102

Analytics Insurance IoT Risk 102

Smart Data Collective

MARCH 11, 2022

Below are the different types of customer service analytics and why they matter to your business. Customer Experience Analytics. Customer experience analytics can help you make more money. CX analytics is a type of descriptive analytics in which “what happened” during the customer journey is asked.

Customer Analytics 130

Customer Analytics Analytics Key Performance Indicator Big Data 130

Smarten

NOVEMBER 26, 2023

‘Find out how business intelligence and analytics technology can support your enterprise and engage the experts to help you choose an approach.’ Before you can decide which BI tools and approach are right for your business, you must have a solid definition of Business Intelligence and the tools on the market today.

Marketing 40

Marketing Business Intelligence Key Performance Indicator Prescriptive Analytics 40

FineReport

APRIL 26, 2023

The Big Data ecosystem is rapidly evolving, offering various analytical approaches to support different functions within a business. Descriptive Analytics is used to determine “what happened and why.” ” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52