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Predictive vs. Prescriptive Analytics: What’s the Difference?

Dataiku

The bulk of an organization’s data science, machine learning, and AI conquests come down to improving decision-making capabilities. When during this process, though, should data executives get either predictive or prescriptive?

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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

Often seen as the highest foe-friend of the human race in movies ( Skynet in Terminator, The Machines of Matrix or the Master Control Program of Tron), AI is not yet on the verge to destroy us, in spite the legit warnings of some reputed scientists and tech-entrepreneurs. 4) Predictive And Prescriptive Analytics Tools.

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Infor’s Velocity Summit Highlights Multiple Advances and Enhancements

David Menninger's Analyst Perspectives

Infor introduced its original AI and machine learning capabilities in 2017 in the form of Coleman, which uses its Infor AI/ML platform built on Amazon’s SageMaker to create predictive and prescriptive analytics. It also offered a chatbot that utilized Amazon Lex.

Finance 130
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Top 10 Analytics And Business Intelligence Buzzwords For 2020

datapine

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. Prescriptive Analytics: What should we do? Cognitive Computing.

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Hype Cycle for Supply Chain Strategy, 2020

Read the latest insights on AI, IoT, network design, machine learning, prescriptive analytics and other hot technologies. Gartner’s latest recommendations on tried and true capabilities. Find out what's essential to supply chain excellence. Research insights on new technologies. Vendors you can work with.

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Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. One CIO said it this way , “If CIOs invested in machine learning three years ago, they would have wasted their money. But if they wait another three years, they will never catch up.”

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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

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. How do predictive and prescriptive analytics fit into this statistical framework?

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Common Use Cases for Mathematical Optimization

Mathematical optimization is a subset of artificial intelligence and a type of prescriptive analytics. How can this type of prescriptive analytics be applied to lower costs, reduce carbon emissions and build more resilient supply chains? Want ballpark estimates of value and benefits achieved through optimization.