Descriptive Analytics Prescriptive Analytics Risk 
BizAcuity
AUGUST 26, 2019
This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.
Rocket-Powered Data Science
OCTOBER 6, 2023
Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CIO Business Intelligence
JUNE 7, 2022
More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). It is frequently used for risk analysis.
BizAcuity
AUGUST 26, 2019
This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.
Birst BI
OCTOBER 30, 2018
Every day, these companies pose questions such as: Will this new client provide a good return on investment, relative to the potential risk? Is this existing client a termination risk? Today, the most common usage of business intelligence is for the production of descriptive analytics. .
Sisense
JUNE 30, 2020
Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. Visualizations: past, present, and future.
Cloudera
MARCH 2, 2018
Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques. Identify those most at risk or most affected by a problem more accurately by using predictive analytics. The model has been shown to be effective in preventing the screening-out of at-risk children.
Expert insights. Personalized for you.
74 
Let's personalize your content