Rocket-Powered Data Science

OCTOBER 6, 2023

What is the point of those obvious statistical inferences? 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. How do predictive and prescriptive analytics fit into this statistical framework? Pay attention!

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Alation

NOVEMBER 28, 2022

Spreadsheets dominate the activities of gathering and preparing data, and performing descriptive analytics. Demand generation marketing teams rely on spreadsheets for analyzing the performance and ROI of different channels. Or they don’t have the technical skill to extract, cleanse, or transform data they need.

Descriptive Analytics 52

Descriptive Analytics Sales Risk Data-driven 52

CIO Business Intelligence

APRIL 9, 2025

One of the most fundamental tenets of statistical methods in the last century has focused on correlation to determine causation. For example, an analytics dashboard that correlates shipping data gaps in a logistics view could be correlated to quantities released for distribution in a warehouse.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. Benefits: The combination of strategic benefits (e.g., cost reduction).

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52