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What are the four types of data analytics? More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI).
Research firm Gartner defines business analytics as “solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”. Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns.
Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnosticanalytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.
This article (like thousands of other articles), is aimed at presenting consolidated information about AI for business in simple language. Artificial Intelligence Analytics. There are AI softwares for all kinds of purposes from writing, data visualization, feedback analysis and more. AI for Business.
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 diagnosticanalytics using Zia Insights. He enthused about the new mobile app, and new chart types in Analytics 6.0,
Bottom line is that analytics has migrated from a trendy feature to a got-to-have. Plus, there is an expectation that tools be visually appealing to boot. In the past, data visualizations were a powerful way to differentiate a software application. Their dashboards were visually stunning. It’s all about context.
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