Descriptive Analytics Predictive Analytics Reference 
Rocket-Powered Data Science
OCTOBER 6, 2023
Using the same statistical terminology, the conditional probability P(Y|X) (the probability of Y occurring, given the presence of precondition X) is an expression of predictive analytics. By exploring and analyzing the business data, analysts and data scientists can search for and uncover such predictive relationships.
datapine
JANUARY 31, 2022
Business intelligence can also be referred to as “descriptive analytics”, as it only shows past and current state: it doesn’t say what to do, but what is or was. 5) Find improvement opportunities through predictions. The responsibility to take action still lies in the hands of the executives.
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IBM Big Data Hub
JULY 27, 2022
Refer to the lower part of the diagram below (box 3: Environment), which represents the environments where the workloads run. The AIOps engine is focused on addressing four key things: Descriptive analytics to show what happened in an environment. Predictive analytics to show what will happen next.
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.
IBM Big Data Hub
SEPTEMBER 19, 2023
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. For example, retailers can predict which stores are most likely to sell out of a particular kind of product.
Business Over Broadway
MARCH 13, 2019
For our example, to answer our questions, we need to look at two types of analytics: 1) Descriptive and 2) Predictive. Descriptive analytics are used to indicate the current state of the world. Predictive analytics are used to make predictions about future events.
BizAcuity
MARCH 31, 2022
Enterprise Artificial intelligence (AI) is a common jargon used to refer to how an organization integrates artificial intelligence (AI) into its infrastructure to drive digital transformation. Artificial Intelligence Analytics. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes.
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