datapine

MARCH 25, 2022

While BI tells you what has happened in the past and what is happening now (descriptive analytics), BA tells you what will happen in the future (predictive analytics). Descriptive analytics : As its name suggests, this analysis method is used to describe and summarize the main characteristics found on a dataset.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

CIO Business Intelligence

JANUARY 20, 2023

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

Business Intelligence 144

Business Intelligence Dashboards Data mining OLAP 144

IBM Big Data Hub

SEPTEMBER 19, 2023

Descriptive analytics: Descriptive analytics evaluates the quantities and qualities of a dataset. A content streaming provider will often use descriptive analytics to understand how many subscribers it has lost or gained over a given period and what content is being watched.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Smart Data Collective

MARCH 11, 2022

Companies frequently use analytical tools to gather customer data from across the organization and provide important insights. This technology is growing in importance. Market analysts project that companies around the world will spend over $47 billion on customer journey analytics by 2030. Customer Experience Analytics.

Customer Analytics 130

Customer Analytics Analytics Key Performance Indicator Big Data 130

Decision Management Solutions

AUGUST 18, 2020

DDPs accomplish this by providing a suite of capabilities that enable business subject-matter experts to define decision logic, incorporate data-driven decision intelligence technologies such as machine learning (ML), govern change, and deploy digital decisions within business applications. But how best to automate these decisions?

Machine Learning 88

Machine Learning Data-driven Predictive Analytics Descriptive Analytics 88

IBM Big Data Hub

JULY 27, 2022

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. Prescriptive analytics to show how to achieve or prevent the prediction. Diagnostics to show why it happened.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

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.

Prescriptive Analytics 74

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 74

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. Visualizations: past, present, and future.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

Sisense

SEPTEMBER 12, 2019

Originating with Gartner, this chart includes the analytic features needed for a full analytics strategy, and what our AI team believe to be the absolute future of analytics – Cognitive Analytics. . In order to know where to go, you must first find yourself on this chart.

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

CIO Business Intelligence

OCTOBER 10, 2022

The company also wanted to improve forecasting accuracy by harnessing the power of intelligent technologies. Shifting descriptive analytics to predictive analytics is a huge undertaking for most companies in their digital transformation. This hampered the company from having an enterprise-wide view.

Enterprise 52

Enterprise Forecasting Descriptive Analytics Data Warehouse 52

Cloudera

MARCH 2, 2018

And entirely new utility start-ups such as Drift use machine learning technologies to provide customers with cheaper wholesale energy prices by more accurately predicting consumption. In the nonprofit sector, early applications of data analytics and machine learning have mostly focused on improving fundraising and marketing.

Data-driven 43

Data-driven Prescriptive Analytics Machine Learning Descriptive Analytics 43

Smarten

NOVEMBER 26, 2023

Find out how business intelligence and analytics technology can support your enterprise and engage the experts to help you choose an approach.’ This approach typically focuses on descriptive analytics based on historical data to answer the question “What happened?” What is Business Intelligence? or What is happening?

Marketing 40

Marketing Business Intelligence Key Performance Indicator Prescriptive Analytics 40

Domino Data Lab

JUNE 2, 2019

Because of anxieties and misunderstandings around the HIPPO (highest paid person’s opinion), who may have little understanding about technology and use cases. Randi Ludwig , a data science leader at Dell Technologies, captured these zen k?ans Because reasons. Because of bad culture. Bad things happen this way.

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

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.

Prescriptive Analytics 40

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 40

BizAcuity

MARCH 31, 2022

The widespread adoption of AI technology is fueled by 3 major challenges that businesses have been facing since the last decade. Artificial Intelligence Analytics. This article (like thousands of other articles), is aimed at presenting consolidated information about AI for business in simple language. AI for Business. AI in Healthcare.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

FineReport

MARCH 24, 2024

Rapid technological advancements and extensive networking have propelled the evolution of data analytics, fundamentally reshaping decision-making practices across various sectors. 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 Sales 52

FineReport

APRIL 26, 2023

By leveraging Big Data technologies, companies can collect, store, and analyze information to make informed decisions and improve their operations. Time Saving : Big data tools and technologies can collect and analyze data from multiple sources in real-time, enabling businesses to make quick decisions based on insights.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

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. Ultimately, business intelligence and analytics are about much more than the technology used to gather and analyze data. 4) Improve Operational Efficiency.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Rocket-Powered Data Science

OCTOBER 6, 2023

Cognitive analytics is basically the opposite of descriptive analytics. In descriptive analytics, the task is to find answers to predetermined business questions (how much, how many, how often, who, where, when), whereas cognitive analytics is tasked with finding the business questions that should be asked.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

Sisense

JULY 23, 2021

To this end, the IOC set up the IKL unit within its technology and information department. This means Chris and his team are tracking things like occupancy numbers and traffic volumes, as well as the use of certain technologies in those spaces. “We

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

Jet Global

MAY 1, 2023

BI is a set of independent systems (technologies, processes, people, etc.) And Manufacturing and Technology, both 11.6 The Hitchhiker’s Guide to Embedded Analytics Download Now Section 2: Embedded Analytics: No Longer a Want but a Need Find out how major shifts in technology are driving the need for embedded analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52