CIO Business Intelligence

JUNE 7, 2022

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. For example, how might social media spending affect sales?

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes. Prescriptive analytics: What do we need to do? Examples of business analytics. San Jose Sharks build fan engagement.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

Domino Data Lab

MARCH 3, 2021

These could be things such as the total volume of opportunities being processed into a sales queue, or alternatively, the number of potential health and safety risks being recorded in an occupational safety platform based on recommendations and prompts. For example, many sales organizations track sales quarterly.

Metrics 93

Metrics Modeling Data Science Sales 93

IBM Big Data Hub

SEPTEMBER 19, 2023

The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets. Healthcare systems can also forecast which regions will experience a rise in flu cases or other infections.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. These are primarily forward-looking actionable (proactive) applications.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. Salesforce monitors the activity of a prospect through the sales funnel, from opportunity to lead to customer.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52