CIO Business Intelligence

DECEMBER 11, 2024

Pillar #3: Analytics and reporting This pillar represents the most traditional aspect of data management, encompassing both descriptive and diagnostic analytics capabilities. The data platform function will set up the reporting and visualization tools, while the data engineering function will centralize the curated data.

Management 111

Management Data Governance Data Science Reporting 111

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. It is frequently used for risk analysis.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Domino Data Lab

MARCH 3, 2021

How do we track value enabled through better decision support such as a data science model or a diagnostic visualization versus an experienced manager making decisions? Still, we often lose context regarding the inputs, assumptions, and external factors that may impact a bottom-line result. But what about good decisions?

Metrics 93

Metrics Modeling Data Science Sales 93

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 Sales 52

BizAcuity

MARCH 31, 2022

85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Jet Global

MAY 1, 2023

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.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52