Smart Data Collective

MARCH 29, 2021

Predictive analytics includes several different approaches , including forecasting and regression analysis, and is one of three major levels at which businesses can engage with data; the other two are descriptive and prescriptive. In recent years, though, there’s been significant growth in the use of predictive analytics.

Marketing 138

Marketing Metrics Descriptive Analytics Predictive Analytics 138

Birst BI

OCTOBER 30, 2018

Today, the most common usage of business intelligence is for the production of descriptive analytics. . Descriptive Analytics: Valuable but limited insights into historical behavior. The vast majority of financial services companies use the data within their applications for what is called “ Descriptive Analytics.”

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Cloudera

SEPTEMBER 22, 2022

To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. It’s not easy, but it can be done in pragmatic steps to yield results.

Analytics 102

Analytics Insurance IoT Risk 102

Domino Data Lab

JANUARY 21, 2021

It’s worth noting that there is a landscape of proprietary tools dedicated to producing descriptive analytics in the name of business intelligence. Designed for Jupyter : the output report can be rendered as an interactive widget directly in-line, or saved as an HTML file. ref: [link]. Last but not least: it is customizable.

Statistics 106

Statistics Unstructured Data Data Science Visualization 106

IBM Big Data Hub

JULY 27, 2022

Specifically, AIOps uses big data, analytics, and machine learning capabilities to do the following: Collect and aggregate the huge and ever-increasing volumes of operations data generated by multiple IT infrastructure components, applications and performance-monitoring tools. Predictive analytics to show what will happen next.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

Sisense

JUNE 30, 2020

Analytics acts as the source for data visualization and contributes to the health of any organization by identifying underlying models and patterns and predicting needs. Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. Visual analytics and data visualizations in action.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

CIO Business Intelligence

OCTOBER 10, 2022

This enabled the company to generate simulations, planning, and reporting solutions based on SAP Analytics Cloud. Shifting descriptive analytics to predictive analytics is a huge undertaking for most companies in their digital transformation. Save significant time with reporting automation .

Enterprise 52

Enterprise Forecasting Descriptive Analytics Data Warehouse 52

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. You can use the output for your reporting. The next step is to analyze the data.

Statistics 78

Statistics Measurement Descriptive Analytics Machine Learning 78

Smarten

NOVEMBER 26, 2023

You may be interested to know that TechJury reports seven out of ten businesses rate data discovery as very important, and that the top three business intelligence trends are data visualization, data quality management and self-service business intelligence. or What is happening?

Marketing 40

Marketing Business Intelligence Key Performance Indicator Prescriptive Analytics 40

Sisense

SEPTEMBER 12, 2019

Most companies find themselves in the bottom left corner, in the Descriptive Analytics and Diagnostic Analytics sections. You likely already have some form of scheduled reports, are drilling down into your data, discovering what is in your data, and may even be visualizing to some extent.

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

FineReport

MARCH 24, 2024

By conducting extensive research and analysis, they generate reports that inform strategic decisions, identify areas for enhancement, and guide the implementation of new initiatives. Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios.

Statistics 52

Statistics Data mining Visualization Reporting 52

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

BizAcuity

MARCH 31, 2022

The healthcare industry stores ridiculously high amounts of big data- both structured and unstructured for research & development, population health management, technological innovations, patient health history and their medical reports management. Artificial Intelligence Analytics. AI in Ecommerce.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Alation

NOVEMBER 28, 2022

Spreadsheets dominate the activities of gathering and preparing data, and performing descriptive analytics. Or they don’t have the technical skill to extract, cleanse, or transform data they need. Spreadsheets are dark matter. However, time spent in spreadsheets is often ineffective.

Descriptive Analytics 52

Descriptive Analytics Sales Risk Data-driven 52

Grooper

AUGUST 19, 2019

For simple reporting projects, I might spend 8 hours getting the right data and then just a couple of hours producing the needed visualizations. Haha, well, I ask them the importance of the answer and look at current reports to see how they are getting their current figures. Let me know, and we’ll get answers on a future interview!

Machine Learning 40

Machine Learning Metrics Descriptive Analytics Testing 40

CIO Business Intelligence

MARCH 27, 2024

Le aziende italiane investono in infrastrutture, software e servizi per la gestione e l’analisi dei dati (+18% nel 2023, pari a 2,85 miliardi di euro, secondo l’Osservatorio Big Data & Business Analytics della School of Management del Politecnico di Milano), ma quante sono giunte alla data maturity?

Data Governance 52

Data Governance Data Lake Data Strategy Data-driven 52

datapine

JANUARY 31, 2022

BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way. 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.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

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. Cognitive analytics is basically the opposite of descriptive analytics. Pay attention!

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

Sisense

JULY 23, 2021

Descriptive analytics also help them understand the number of athletes and workers required to support that specific competition or sport. This analytics engine will process both structured and unstructured data. “We “We get access, post-Games, to the ticket data to analyze any patterns in terms of incidents and responses.”.

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

Jet Global

MAY 1, 2023

But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. The Definitive Guide to Embedded Analytics is designed to answer any and all questions you have about the topic. It will show you what embedded analytics are and how they can help your company.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52