Rocket-Powered Data Science
OCTOBER 6, 2023
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.
CIO Business Intelligence
DECEMBER 11, 2024
For example, if preserving the order of events is essential for business needs, the appropriate batch, micro-batch or streaming configuration must be implemented to meet these requirements. It is crucial to remember that business needs should drive the pipeline configuration, not the other way around.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CIO Business Intelligence
JULY 5, 2022
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.
IBM Big Data Hub
SEPTEMBER 19, 2023
An electrical engineer can use prescriptive analytics to digitally design and test out various electrical systems to see expected energy output and predict the eventual lifespan of the system’s components. Diagnostic analytics: Diagnostic analytics helps pinpoint the reason an event occurred.
Jet Global
MAY 1, 2023
Leading research and consultancy company, Gartner describes the path that businesses take as they move to higher levels: Descriptive Analytics: Describe what happened (e.g., Diagnostic Analytics: No longer just describing. Predictive Analytics: If x, then y (e.g., sales went up, and here’s a chart depicting that trend).
Expert insights. Personalized for you.
157 
Let's personalize your content