Rocket-Powered Data Science

OCTOBER 6, 2023

The point is that the 100% association between the event and the preceding condition has no special predictive or prescriptive power. In statistical terms, the joint probability of event Y and condition X co-occurring, designated P(X,Y), is essentially the probability P(Y) of event Y occurring. Pay attention!

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

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

JULY 27, 2022

As shown in the following diagram, an issue in the environment triggers several events across the full stack of the business solution. This results in an unmanageable event flood. Moreover, there are often duplicate events due to full-stack level observability and these events result in data silos.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

Smart Data Collective

MARCH 11, 2022

Data analytics can assist you in figuring out why people abandon your brand or prefer alternative products instead. Predictive analytics, which analyses historical activities to uncover trends and forecast a specific event, can also predict if a customer is ready to churn or defect. Customer Experience Analytics.

Customer Analytics 130

Customer Analytics Analytics Key Performance Indicator Big Data 130

Birst BI

OCTOBER 30, 2018

Remember when you began your career and the prospect of retirement was an event in the distant future? Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Sisense

JULY 23, 2021

Our Olympic Games Executive Director Christophe Dubi has a very strong belief in the notion that we can’t properly manage an Olympic event unless we can measure it.”. Athletes and sports are the heart of the Games, and the competition schedule drives everything around the event. The results have been highly valuable.

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

IBM Big Data Hub

SEPTEMBER 19, 2023

Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. Manufacturers can analyze a failed component on an assembly line and determine the reason behind its failure.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76