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It is an insight engine, providing not only data for descriptive and diagnosticanalytics applications, but also providing essential data for predictive and prescriptive analytics applications. examples, with constant reminders that’s it all about the data plus analytics! The digital twin is more than a data collector.
What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What are the benefits of business analytics? Prescriptive analytics: What do we need to do?
The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.
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