CIO Business Intelligence

FEBRUARY 6, 2025

For example, at a company providing manufacturing technology services, the priority was predicting sales opportunities, while at a company that designs and manufactures automatic test equipment (ATE), it was developing a platform for equipment production automation that relied heavily on forecasting. And guess what?

Unstructured Data 115

Unstructured Data Manufacturing Data Governance Sales 115

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? 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. Business analytics techniques. Predictive analytics: What is likely to happen in the future?

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI).

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

IBM Big Data Hub

SEPTEMBER 19, 2023

Healthcare systems can also forecast which regions will experience a rise in flu cases or other infections. Prescriptive analytics: Prescriptive analytics predicts likely outcomes and makes decision recommendations. Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

BizAcuity

MARCH 31, 2022

More use-cases are being tried, tested and built everyday, the innovation in this field will not cease for the next few years. Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management.

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. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

CIO Business Intelligence

APRIL 9, 2025

According to ResearchGate , leaders leveraging quantitative analysis can forecast future trends, optimize operations, improve product offerings and increase customer satisfaction with greater reliability. These approaches influence decision-making by providing business leaders with evidence-based foundations rather than just intuition.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102