article thumbnail

Editorial Review of “Building Industrial Digital Twins”

Rocket-Powered Data Science

It is an insight engine, providing not only data for descriptive and diagnostic analytics applications, but also providing essential data for predictive and prescriptive analytics applications. This book is a very timely contribution to the world of industrial digital transformation.

article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

What are the four types of data analytics? In business analytics, this is the purview of business intelligence (BI). Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The future of data: A 5-pillar approach to modern data management

CIO Business Intelligence

Pillar #3: Analytics and reporting This pillar represents the most traditional aspect of data management, encompassing both descriptive and diagnostic analytics capabilities.

article thumbnail

What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Prescriptive analytics is the application of testing and other techniques to recommend specific solutions that will deliver desired business outcomes. Simplilearn adds a fourth technique : Diagnostic analytics: Why is it happening? Examples of business analytics. San Jose Sharks build fan engagement.

article thumbnail

Monetizing Analytics Features: Why Data Visualizations Will Never Be Enough

Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics. Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes.

article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

There are other dimensions of analytics that tend to focus on hindsight for business reporting and causal analysis – these are descriptive and diagnostic analytics, respectively, which are primarily reactive applications, mostly explanatory and investigatory, not necessarily actionable.

article thumbnail

Zoho adds AI and ML capabilities in Zoho Analytics 6.0

CIO Business Intelligence

AI in the workplace In the AI realm, Zoho has introduced a series of generative AI capabilities across its platform, including expanding the functionality of its AI copilot, Ask Zia, and adding contextual diagnostic analytics using Zia Insights.

Analytics 131