Business Over Broadway

MARCH 13, 2019

Next, we can explore our data by calculating some descriptive statistics for our measures. Simply add the Statistics Node to the window and connect it to the Auto Data Prep Node. To view the statistics, click on the Statistics Node and hit run. The level of satisfaction is indexed by a summary statistic.

Statistics 78

Statistics Measurement Descriptive Analytics Machine Learning 78

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

Domino Data Lab

JANUARY 21, 2021

Predictive modeling efforts rely on dataset profiles , whether consisting of summary statistics or descriptive charts. The Importance of Exploratory Analytics in the Data Science Lifecycle. Each dataset has properties that warrant producing specific statistics or charts. There is no clear end state. ref: [link].

Statistics 106

Statistics Unstructured Data Data Science Visualization 106

Smart Data Collective

MARCH 11, 2022

Customer service analytics assist you in tracking and comparing key performance indicators (KPIs) to service level agreements (SLAs). You can see which representatives are meeting their targets and which ones need to boost their statistics this way. Customer Experience Analytics. Finding New Revenue Sources.

Customer Analytics 130

Customer Analytics Analytics Key Performance Indicator Big Data 130

Sisense

JUNE 30, 2020

The primary objective of data visualization is to clearly communicate what the data says, help explain trends and statistics, and show patterns that would otherwise be impossible to see. Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. Visualizations: past, present, and future.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

FineReport

MARCH 24, 2024

Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making.

Statistics 52

Statistics Data mining Visualization Sales 52

Sisense

SEPTEMBER 12, 2019

A business intelligence strategy is a blueprint that enables businesses to measure their performance, find competitive advantages, and use data mining and statistics to steer the business towards success. . Most companies find themselves in the bottom left corner, in the Descriptive Analytics and Diagnostic Analytics sections.

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Cloudera

MARCH 2, 2018

Gain improved intelligence on operating context and needs through expanded use of descriptive analytics techniques. In a next step, the broader adoption of data analysis techniques and tools has the potential to help nonprofits increase their programmatic impact as well as identify completely new ways of achieving their mission.

Data-driven 43

Data-driven Prescriptive Analytics Machine Learning Descriptive Analytics 43

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

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 Statistics 157

Jet Global

MAY 1, 2023

Advanced Analytics Some apps provide a unique value proposition through the development of advanced (and often proprietary) statistical models. These advanced analytics become easy for users to apply in their own analyses. Statistically speaking, you increase your likelihood of success simply by putting your goals on paper.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52